Strategy Allocation Update - 4/6/2026

The S&P 500 has been somewhat rangebound over the last six months, and closed below key momentum levels last week. On March 30th, the index closed more than -9% down from its highs - just outside of correction territory (defined as a drop of -10% or more). In addition, it also fell below the 200-day moving average mid-March. S&P 500 w/ 50 & 200 Day Moving Averages

S&P 500 Momentum Summary

Our models look at momentum over both daily and monthly timeframes. On the daily side, we also account for volatility, overall drawdowns, and both short- and long-term trends. On March 30th, our daily momentum indicator dropped below -20%, which is our first signal to reduce stock market exposure.

At the end of March, our monthly momentum indicator was negative, giving another signal to reduce stock market exposure.

Current Allocation

Given the above, are now in a market neutral position, with a generally equal balance between equities and short term fixed income. This may change as conditions improve or deteriorate.

MPORTANT DISCLOSURE: Choice Wealth Management, LLC is a registered investment advisory firm. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.