NAAIM Speaks is newsletter containing market insights and analysis from NAAIM member firms. This newsletter is designed to provide a plethora of market analysis, indicators, some occasional humor, as well as a summary of NAAIM’s proprietary Dynamic Asset Allocation Model and Managers Exposure Index. The report is for informational uses only and is not to be construed as investment advice.
Clear Sailing Ahead?
By: David Moenning, Heritage Capital Research
Published: 5.12.25
Although the action last week was relatively subdued for a change, there was a big event under the surface to report on. You see, one of my favorite indicators flashed a buy signal last week. An indicator that has a very long history of signaling better days ahead. Some might even call it an “all clear” signal…
Forecasting New Highs
By: Paul Schatz, Heritage Capital LLC
Published: 5.12.25
When I started to forecast all-time highs, people thought I was crazy, as usual. I heard plenty from the bears and geopolitical experts how this was just a quick bounce in a bear market and I would get run over taking the bullish side. And I will freely admit that I did not see such a quick recovery. But…
Technicals Not Much Help Here
By: Ryan C. Redfern ShadowRidge Asset Management
Published: 4.25.25
The month of April brought continued volatility, largely driven by headlines – so much so that the fundamental and technical views of the market didn’t provide much helpful guidance. And while there is a lot of debate as to how the current economic situation (mostly regarding tariffs and interest rates) will resolve, it is far too early to tell what will happen next…
The Message From the NAAIM Indicator Wall
By: National Association of Active Investment Managers
The NAAIM Indicator Wall provides a weekly update to a robust array of stock market indicators. The “wall” includes readings and explanations of indicators and/or models in the areas of price/trend, momentum, key price levels, overbought/sold readings, sentiment, monetary, economic, inflation, and market cycles.
This time, we’re featuring the Primary Cycle Board , which is identify the state of the primary cycle of the stock market.
Note: The Indicator Wall is a benefit provided to NAAIM Members and is password protected. To obtain a temporary password, contact NAAIM at 888-261-0787.
The Headlines are Shifting
By: Rob Bernstein, RGB Capital Group
Published: 5.12.25
Markets continue to respond to shifting headlines. Last month’s negative sentiment has given way to a more optimistic tone
as trade agreements materialize. Just this morning, the U.S. and China announced a deal to significantly reduce tariffs,
prompting a market surge…
Market Gains Traction
By: Craig Thompson, President Asset Solutions
Published: 5.3.25
The market found its footing at support level #4 and began to turn. A powerful rally on April 9, sparked by positive tariff news, pushed the index up more than 9 percent in a single day. Following that surge, price action turned volatile and remained contained below the high of that strong move for some time as the market searched for direction…
The NAAIM Dynamic Allocation Model
Designed to be a value-add benefit to membership, NAAIM offers a Dynamic Asset Allocation Model based on the NAAIM Indicator Wall of indicators and models. The overall objective of the model portfolio is to dynamically adapt to changing market environments and to keep equity exposure in line with conditions. The model targets a normalized allocation of 60% stocks and 40% Bonds.
Here is this week’s model allocation:
The model has been run live on the NAAIM website for several years and has demonstrated the ability to reduce exposure to market risk during negative environments such as those seen in 2015-16 and 2018.
More on the Dynamic Allocation Model and Historical Readings
The NAAIM Dynamic Allocation Model is for illustrative and informational purposes only, and does not in any way represent an endorsement by NAAIM or an investment recommendation.
Buy The Dip!
By: Bo Bills Bills Asset Management
Published: 5.9.25
There are always things to worry about, but the weight of evidence currently indicates that higher prices are ahead. Headlines will continue to create some
volatility, so a level of caution remains warranted…
A New Kind of Market
By: Will Hepburn ShadowRidge Asset Management
Published: 4.25.25
The first thing to do while investing in the stock market (whether through mutual funds, ETFs or individual stocks), is to understand the current market environment. Then you must be able to adapt to those market conditions…
Latest Market Insights Video
By: Ben Reppond Reppond Investments
Published: 5.11.25
Ben Reppond’s latest video reviews the status of the stock market today…
The NAAIM Member Exposure Index
The NAAIM Exposure Index represents the average exposure to US Equity markets as reported by our members in the organization’s weekly survey. Note that many NAAIM members are risk managers and tend to reduce exposure to the markets during high risk environments.
Click To See the Current Exposure Index
NOT INVESTMENT ADVICE. The analysis and information in this report and on our website is for informational purposes only. No part of the material presented in this report or on our websites is intended as an investment recommendation or investment advice. Neither the information nor any opinion expressed nor any Portfolio constitutes a solicitation to purchase or sell securities or any investment program. The opinions and forecasts expressed are those of the editors and may not actually come to pass. The opinions and viewpoints regarding the future of the markets should not be construed as recommendations of any specific security nor specific investment advice. Investors should always consult an investment professional before making any investment.
Tags: NAAIM, NAAIM Speaks, Stock market, Stock Market Analysis, stock market, David Moenning, Heritage Capital Research, Paul Schatz, Heritage Capital LLC, Rob Bernstein, RGB Capital Group, Ryan Redfern, Shadowridge Asset Management, Sam Bills, Bo Bills, Bills Asset Management, Dexter Lyons, Issachar Fund, Jim Lee, Stratfi, Craig Thompson, Asset Solutions, William Hepburn, Asher Rogovy, Magnifina, Ben Reppond, Reppond Investments, NAAIM Exposure Index, NAAIM Dynamic Allocation Model