This report contains the updated 2022 Q1 quarterly allocations for your retirement plan’s tactical models. As of the week of 1/23/22, the U.S. equity trend indicator has turned negative, the international trend indicator remained negative, and the Balance of Strength Signal turned negative. The Bond Bull-Bear Indicator remains negative. Models will reduce their High Risk Category exposure. The new allocations are listed in the in the report below. The models will be close to, but not at their minimum High Risk. Typically, when the stock market has had such a swift and substantial decline, there is generally at least a small recovery rally. We will look at moving to the minimum stock exposure if the stock market recovers and our indicators remain negative. The models have substantially reduced their High Risk category exposure, so this additional reduction would be a minor change. We have submitted the trade instructions to Alerus and the changes should be made in the near future.