Write a introduction for our research paper. In the introduction, you may include
– Motivation: Why is this an interesting and challenging yet feasible empirical problem?
– Brief review of existing work in the area (if relevant)
– Summary of your main empirical findings
– Outline of the remaining part of your project

And here is the main topic of our research:
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Develop a model that signals whether a portfolio should be risk on or risk off. In other words, when should a typical U.S. 60/40 portfolio be overweight, underweight or neutral equities? To help with generating initial ideas with which factors to include, you may want to consider high yield spread and treasury yield curve as a starting point. It would be interesting to see what factors are ultimately included in the model.