– Global equities sank, and commodities bounced. April was the worst month for NASDAQ since 2008.
– Nowhere to hide in US Equities last week as all factors, styles, and sectors declined.
– A 5.1% bounce in China kept Emerging market indices flat, offsetting declines elsewhere.
– The dollar moved sharply higher by 1.7% and is now up more than 7% year to date.
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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%