Behind the Numbers, with Mark Balasa

The spokesman for the Alpha Group explains that while the group collectively sees more positives than negatives in the stock market, it’s unlikely that its allocation to equities would climb above 65% in the foreseeable future. “We’re still sticking with an overweight to small caps, in both domestic and international,” he says, “but that might be changing this year. Another bias is that value is overweighted relative to growth, but the valuations aren’t compelling one way or the other, so that could come back to even, or even flip toward growth.” Balasa notes that the group is fully weighted in international stocks, a range of 20% to 25% for Alpha’s individual members.–Robert F. Keane