The temporary resolution of the Greek debt drama has, of course, had a beneficial effect in adding some calm to the equity and debt markets.
But most importantly, the
While I continue to be fully invested at this time (between 90-95% net long equity positions), I've put tiered trailing stop loss orders in place on about 65% of my equity holdings --- particularly those most susceptible to a market correction. This should allow me to protect most of the not-yet-realized portfolio gains this year (YTD performance is above 25% vs. 11.6% for the S&P 500 index). The other 35% of the portfolio holdings could be liquidated on a case-by-case basis if any of the tiered stop-loss orders trigger.
1 These economic data points include, among others, construction spending, jobless claims, non-farm payrolls, motor vehicle sales, personal income and outlays, factory orders, capacity utilization, retail sales, consumer credit, job-cut reports, employment indices, business inventories, wholesale trade, international trade, export and import prices, general business conditions indices, consumer and producer prices and consumer sentiment.