– For the second week in a row, risk assets bounced across the board, as Treasury prices declined slightly.
– Four of 11 sectors are now positive ytd, but the tail on returns is a wide one. Avg positive ytd sector is up 2.6%, and the avg decliner is down 15.9%.
– Broad rally for international equities last week with 41 of 45 countries moving higher by an average of 5.1%.
– The Fed bought $1.3 billion across 15 ETFs in the first week of operation of its corporate bond support facility.
Archive
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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%