JUNE 26, 2020

 

A Closer Look at Our Tactical Positioning Targets

Each day, Meeder analyzes and ranks over 70 different factors from our short, intermediate, and long-term models. The dynamic statistical model incorporates factors covering macroeconomic, fundamental, trends and technical analysis to estimate the potential reward and marketplace risk of the equity markets. The Meeder Spectrum, Muirfield, Balanced, Moderate Allocation, and Conservative Allocation funds utilize this strategy for the Defensive Equity portion of their portfolios. The Defensive Equity Strategy guides the allocation of each fund’s equity sleeve and the actual proportion of equity investments in any fund will vary depending on the investment objectives of the fund.

Quick Take

 Investors are quite nervous, as the number of coronavirus cases continues to spike. With the S&P 500 just 10% from its all-time high, the expected market volatility remains quite elevated.

 Our measure of global leading economic indicators has improved rapidly, shifting from its worst reading in its history to neutral in a matter of weeks.  This reversal has had a positive impact on our long-term model.

We have observed a recent pickup in bearish put activity relative to bullish call activity on the Chicago Board Options Exchange (CBOE).  This type of negative pessimism is viewed from a contrarian point of view, contributing to the improvement of our intermediate-term model.

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Past performance is not a guarantee of future results. All investments carry a certain amount of risk and the Funds cannot guarantee that they will achieve their investment objectives. Loss of money is a risk of investing in a mutual fund. The Funds are subject to stock market and liquidity risk. The Funds are also subject to foreign investment risk. These risks, as well as others, may occur during the time you hold shares of the funds.

Investors are advised to consider carefully the investment objectives, risks, charges and expenses of the Meeder Funds before investing. The Meeder Funds prospectus contains this and other information about the funds.

To request or receive a copy of the Meeder Funds prospectus, contact Meeder Client Services at (800) 325-3539
Meeder, Meeder Funds, and Muirfield Fund are registered trademarks of Meeder Investment Management, Inc. Adviser Dealer Services, Inc., Member FINRA.

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(866) 633-3371
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(866) 633-3371
contact@meederinvestment.com