– MRI climbs again on drops in both psychology and monetary conditions.
– Investor psychology was hurt by a sharp rebound in consumer confidence, as consumers saw lower interest rates and higher stock prices on the way.
– Maintaining both elevated confidence and the status quo in the bond market should be top priority for stock market bulls.
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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%