This report contains the 2021 Q1 quarterly allocations for your retirement plan’s tactical models. As of this quarterly review, the U.S. equity trend indicator and the international trend indicator were both positive. The Balance of Strength Signal was also positive. Models will remain in their maximum High Risk Category exposure. After a rocky start to 2020, stock and bond markets finished the year with positive returns. As we enter a new year and a new Presidential administration, stocks are at all-time highs in anticipation of more fiscal and monetary stimulus; however, interest rates have recently begun to rise. This has detracted from bond fund returns. If interest rates continue to rise, it could put pressure on the rising stock market. For the quarter, there are minor changes in the underlying holdings, but no change to the broad asset allocation. The models will be updated to their new allocations on January 14, 2021.