Market Outlook

Investor Psychology falls to bottom quintile of readings.  Monetary Base Growth Declining at the fastest pace since 1937.  We are entering the most precarious phase of the 2019 rally.  Click the image to download.

World Wrap

Stocks suffer 2nd weekly decline of 2019, as S&P 500 hits resistance and quad top at 2,800. REITs climb modestly & recapture the title for best performing asset class.Advantage to small stocks & value stocks has narrowed - no longer a clear...

World Wrap

Real Estate declined and gave up the title for best performing asset class. Bonds and commodities also declined as stocks rallied.Staples, Healthcare, and Utilities: just as you'd expect in a risk-on rally, the defensive sectors that led last year are...


Market Risk Index

Market Risk Index scales from 0 to 100%. Higher readings correspond with higher risk markets. Scores below 25% are bullish. Scores between 25-75% are neutral, and scores above 75% are markets vulnerable to major drawdowns.

Model Category Readings (Percentiles)

  • Psychology 99.7% 99.7%
  • Monetary 87.2% 87.2%
  • Valuation 99.3% 99.3%
  • Market Trend 9.8% 9.8%