Welcome to Prometheus Asset Allocation. The Prometheus Asset Allocation program offers a stable, macro-focused approach to asset management. Prometheus Asset Allocation aims to outperform a traditional stock and bond portfolio by leveraging our proprietary systematic macro process to rotate between 3 ETFs monthly (plus cash). As part of the program, we will be sharing our views on Growth, Inflation, and Liquidity in addition to our monthly video updates.
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Our primary takeaways are as follows:
- For the latest data through June, our systems place Real GDP growth at 2.26% versus one year prior, driven primarily by a sequential acceleration in Consumption and Government Expenditure.
- Manufacturing spending remains weak relative to the broader economy and is unlikely to exit this weakness soon. However, the weakness is not durable enough to drive the entire economy into recession.
- Overall, the business cycle conditions suggest that the US economy has moved from a cyclical reacceleration to a regime of Slowing but Growing. Our Asset Allocation strategy remains long equities and modestly long bonds and commodities.
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