– US Treasuries were the worst performer followed by US Equities. Intl stocks and commodities moved higher.
– Consumer Discretion was hard hit, declining 3.2% – largely as a result of a 15%+ decline in TSLA, which makes up nearly 20% of the sector.
– Emerging markets rallied 1.7%, driven by a 3.5% increase in Chinese equities.
– Natural gas and Lumber declined, falling by 13.1% and 6.3% respectively. Bitcoin and gold moved higher.
– Never shy about being contrarian – our Bond Momentum Indicator is on the cusp of a buy signal.
– Investor psychology moves back to super-enthusiasm.
– Equities moved higher, and commodities finally declined. US Equities outperformed all asset classes.
– With Large Growth pulling close to taking the style box lead, Small Value was having none of it, putting in a monster 7.1% rally for the week.
– Emerging markets and China cannot catch a break. Emerging markets were flat, and China declined 2.2%
– A whopping 531k jobs were created in October, just a month after most unemployment extensions expired. Funny how that works.
– Equity call options volume is making another speculative surge.
– Inflation, psychology and valuations versus Liquidity, Technicals, and Seasonality.
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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)
