After three straight weeks of gains, US Equities are poised to take the lead from Real Estate. FAANG stocks are up more than 26% ytd. The continued rally in those previous high flyers is like tech stock behavior coming out of the 1998 correction. Recent data from...
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Market Outlook – The Bull with No Expiration Date?
Market Risk drops some this week as monetary conditions & market trend improve. Psychology hovering near the worst 10 percent of readings as Barron's declares "This Bull Market Has No Expiration Date." 1998 Redux Click the image to download.
World Wrap
Strong week for equities and risk assets. Barron's cover story over the weekend proclaims, "This Bull Market Has No Expiration Date." 2018 repeat - the sectors and styles that were leading before the correction in 2018 are now leading in 2019. Washington Post piece...
Market Outlook
The market is not overbought in the short-term. Psychology is ugly. Monetary has improved, but should soon reverse on any inversion. We continue to wait for better buys. Click the image to download.
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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%
- Monetary 87.2%
- Valuation 99.3%
- Market Trend 9.8%