Rebalancing in the GTAA portfolio at the turn of the month. Nasdaq100 now has the strongest momentum.

Sell: EMU Smallcaps.

New allocation:

40% Nasdaq100 $UST (+0.05%)

40% EuroGovBondsShort $DXSV (-0.04%)

15% Bitcoin $BTC (-0.03%)

5% Cash at TR for 2% p. a. (for post-purchase Bitcoin)

Edit: Now it has happened after all. The order of the weighted momentum has shifted massively again within one day because of the strong rises at the end of last week. $DXSV (-0.04%) thus slipped from 2nd place well behind before the turn of the month. $MMS (+0.29%) . So what to do? I finally decided to correct the mistake, bite the bullet, pay the 10€ and switch into the $CSEMUS (+0.09%) with the significantly lower spread.

I see I still need to work further on the implementation of GTAA.