OECD Leading Indicator became bearish on Canadian Equity
What is the OECD Leading Indicator factor?
The OECD Composite Leading Indicator is used to provide early signals of turning points in business cycles. It is comprised of many different metrics for each of the OECD countries. Read more here.
What does this change mean?
This change means our AI platform is telling us that the OECD Leading Indicator factor is now supporting a more bearish outlook on canadian equity. As such, any asset classes in our portfolios that contain canadian equity will potentially go underweight (i.e. decrease portfolio’s %) over the coming months.
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DISCLAIMER: The Responsive.AI Update does not constitute investment advice and is for information purposes only. Responsive Capital Management bares no liability for the usage of this data and the data is provided as is.
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