Asset Allocators should be going nuts. GCC markets have started strangely exhibiting a see-saw pattern to returns. One month positive followed by another month negative. Look at the pattern of returns for the Strategic Asset Allocation model: Jan (-7%), Feb (+5.5%), March (-7%), April (+9.5%)…While this is a classic situation for someone that bets on mean reversion, it may be a nightmare for others who bet on the momentum characteristics of GCC markets.