– Improving monetary conditions push MRI below 85%, but no improvement for near record psychology or valuations.
– Consumers expectations for jobs and income appear too high.
– Record low mutual fund cash levels
– …and this week’s best charts.
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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%