With the market on the verge of a consecutive quarter of 3% real GDP growth, it will be interesting to see how long accelerated economic growth can continue to surprise to the upside. Contrastingly, the trend may be changing for stocks versus gold, with gold now ranking above all US stock styles. Transports and small-cap stocks are also continuing to weaken against the broad market, and this negative trend is equally if not more concerning for future market conditions. These and other trend changes are indicative of “risk-off” market behavior. Thus, it may be necessary to consider moving a portion of your portfolio assets to a defensive posture to safeguard against business cycle fluctuations.