I just read your article Understanding Modern Portfolio construction and found it extremely interesting.
I summise that a countercyclical approach means rebalancing but also changing the weighting of each component (as opposed to a 60/40 portfolio which has a fixed weighting).
The reason i’m asking is for clarification, because part three of your article does not refer back to portfolio duration and doesn’t not mention criteria by which to re-weigh.
I hesisated to ask this question based on only one read of your article, so i apologise if this is a stupid question.
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