World Wrap

World Wrap

– Big rebound for equities after closing January in the red. Commodities had a strong week as well on a nearly 9% jump in crude oil prices.
– Growth has a slight edge over value year to date, but the biggest out-performance story five weeks into 2021 is small caps over large caps.
– Emerging markets have opened a sizable performance gap over develop markets.
– After bottoming on January 5th, the dollar put in a short-term higher high this week, the first since last summer.


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%