Readings from the most recent close, no charts.
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Investment Strategy Handbook
A comprehensive chartbook of valuable stock market data including: market internals, psychology, monetary, valuation, domestic and international stock indices, interest rates, commodities, and currencies.
World Wrap
– Global equities declined, and Treasuries rallied as severity of Russian sanctions becomes clearer. Oil prices climbed more than 25% driving broad commodity indices higher.
– Value stocks holding up considerably well on massive out-performance of Energy stocks, which are up 36% ytd.
– European stocks were hit particularly hard with most countries experiencing double digit percentage declines last week.
– Commodity price increases are pervasive and rising at an alarming rate, increasing the probability of a global recession.
Market Outlook – Fed hemmed in by inflation.
– Impressive week over week improvement in Psychology composite.
– Investors Intelligence Bears outnumber the bulls for the first time since March 2020.
– ISM Price Index, and inflation, should temper your desire to buy the dip.
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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%