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World Wrap

World Wrap

– US Equities and Commodities declined, while International stocks and US Treasuries rallied.
– Mid-cap stocks outperformed as did interest rate sensitive sectors. Utilities performed better than all sectors, styles, and factors.
– Fairly broad rally internationally, with nearly 3 of 4 countries participating. China was an exception, declining more than US stocks.
– Both Gold and Bitcoin made new all-time highs in the same week.

World Wrap

World Wrap

– All major asset classes saw higher prices, but commodities were the biggest winner.
– Classic risk-on week when it came to sectors – with Healthcare, Staples, and Utlities declining while all other sectors advanced.
– Developed markets kept international equity indices in the green, as more than 60% of countries declined during the week.
– A barrel of Crude Oil crossed back above $80 for the first time since November. Oil prices are up more than 12% ytd.

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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% 99.7%
  • Monetary 87.2% 87.2%
  • Valuation 99.3% 99.3%
  • Market Trend 9.8% 9.8%