This is the status of the Mosaic models as of Monday’s close. We are seeing a flattening of the equity curves but the good news is the models aren’t running negative and are retaining accumulated gains. The RM actively managed model is liking cash for the past three weeks, hence the sustained 140% readings. On a macro scale the markets have once again entered a period where news driven dynamics trump technical indicators so our Mosaic hedged strategy should help us weather any ugly geo-political storms without significant drawdown. That’s the plan.