– Global stocks and commodities rallied. US Treasuries declined modestly for the week.
– The rally was broad among styles and factors, but value edged out growth on a 7.5% one-week gain in Energy stocks
– Chinese equities declined during a week of widespread strength in global equities. The country’s stock market has been moving to the beat of a different drum all year.
– Commodity prices snapped back. Lumber prices climbed 19% in a single week.
– US Equities climbed modestly, while all other asset classes declined. Broad commodities declined 6% for the week.
– US stock only advanced broadly as a result of strength in Growth stocks, Large Growth and Tech stocks in particular.
– Emerging markets advanced on strength in Asian stocks ex Japan and China.
– Both Lumber and Crude Oil dropped more than 9%. Crude oil has now fallen more than 25% from its 2022 highs.
%
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)
