Robert Harrell's tactical asset allocation model today recommended...

Robert Harrell’s tactical asset allocation model today recommended holding 100% — or the client’s maximum limit — of assets in equities. That’s up from 30% — the minimum the model allows — where it has been since Jan. 14, Mr. Harrell said. The model is driven by changes in short-term interest rates. The firm has about $120 million of its approximately $2 billion under management in TAA.