A quarterly, regime-based strategy: use BND vs BIL to decide risk-on vs risk-off, then pick four assets with equal weights using momentum/Rsi screens. In risk-on, select four high-momentum equities/ETFs; in risk-off, pick four defensive/hedging assets (two rate-tilt variants) based on RSI signals.

- Step 1: Check the regime. If BND (broad bond ETF) beats BIL (short-term Treasuries) on a 20-day basis, go Risk On. If not, go Risk Off. - Step 2 (Risk On): From a large list of stocks/ETFs, pick the four with the strongest momentum (based on a 90-day lookback). Buy them in equal weights (4 assets, 25% each). - Step 3 (Risk Off – Rising Rates): From a dedicated list, pick the four assets with the weakest momentum (lowest RSI over 30 days) and hold them equally (defensive/hedge tilt for rising rates). - Step 4 (Risk Off – Falling Rates): From another list (including short-duration Treasuries and defensive/alternatives), pick the four with the weakest momentum over 30 days and hold equally. - Step 5: Rebalance quarterly, re-evaluate regime, and adjust holdings accordingly. - Note: RSI is the momentum gauge (strength of recent price moves); moving-average-return is a trend gauge over a longer window. The exact asset lists mix broad market exposure with hedging/inverse-like elements to diversify across market regimes.

Regime-driven momentum with hedging: four-asset, quarterly-rebalanced portfolio. Out-of-sample drawdown ~1.92% vs SPY’s ~2.53%, Calmar ~6, and negative market beta—offering steadier risk-control and diversification alongside the S&P 500.