A daily, tactical strategy. It first picks international momentum or a US‑defensive stance by comparing non‑US vs US strength, then rotates into the strongest picks (or safe havens). A small hedge sleeve tilts among euro/yen, US dollar, or low‑volatility bets.

Each day it compares non‑US stocks (VEU) to US stocks (SPY) using a simple “strength score” (RSI: 0–100; higher = recent gains, lower = recent losses). • If non‑US is stronger: split into two sleeves. (1) Buy the 3 non‑US stock funds with the best ~1‑month trend from a set of broad Europe/EM choices. (2) For emerging markets: if EMs are strong, buy the 2 hottest EM funds (e.g., Brazil, India, China, Indonesia). If not, hold safety: gold+Swiss franc, or short‑term Treasuries/T‑bills if EM currencies are weak. • If US is not weaker: take a US‑defensive stance. If US stocks look washed‑out (very low RSI), buy the 2 most beaten‑down 3× tech/US stock funds for a short‑term rebound. Otherwise, hold gold if it’s strong; if not, own whichever of T‑bills, short Treasuries, or long Treasuries is trending best. • A separate small hedge sleeve looks at currencies: if EM currencies are firm, hold euro and yen; else hold the US dollar if it’s strong, or a fund that benefits when market fear falls (SVXY).

Better downside protection and strong risk-adjusted gains vs the S&P: lower drawdowns (8.6% vs 13.7%), Calmar ~1.63, solid out-of-sample Sharpe, plus global diversification from non-US and hedging sleeves.