“There’s no such thing as a perfect investment strategy,” says Roy Gray, a financial planner with Dallas-based Munn & Morris Financial Advisors, “and asset allocation is no different.”

What is working for Gray and his firm is a strategy called relative strength. At its most basic, relative strength is a ratio of stock or index price to market average or other indices, a momentum investing technique that Gray considers a tool to determine and detect which asset classes are the strongest performers.

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