ETF Managed Portfolios,
Thematic Equity Portfolios,
Outsourced CIO, 
& Sub-Advisory Services

Astoria Portfolio Advisors wrote an article on Sep 13th (click here) arguing that investors should tactically de-risk their ETF portfolios going into October. Subsequent to our article, the S&P 500 index fell 10% and we witnessed one of the worst sell-offs since the Lehman crisis. The magnitude and force of the sell-off exceeded our expectations and simply put, we don’t think the economy is anywhere near as catastrophic as it was 10 years ago. We now believe that tactically