
The ALL OUT signal has been lasting for over one
year now. As a reminder: An ALL OUT signal indicates a deteriorating
market environment and an investor cannot hold equities but cash,
sovereign bonds, IG/HY bonds, precious metals and commodities.
In 2022 the ALL IN or OUT signal has once again
proven its viability and given investors valuable guidance to
protect their capital base. Investors following the ALL IN or
OUT signal are now acting from a position of strength for 2023.
UPDATED: Model portfolio performance as
of December 31, 2022
the all-In-or-Out model portfolio is updated on a quarterly basis

Note: The views of www.allinorout.com
represent only the opinions of Heinz Rüttimann. Investors
should discuss any investment with their personal investment counsel.
Any views expressed herein are provided for information purposes
only and should not be construed in any way as an offer.
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