Archive
World Wrap
– Global equities and commodities advanced, while Treasuries and interest rate sensitive sectors declined.
– Large cap stocks underperformed on declines in Technology stocks.
– Emerging markets outperformed despite falling equity prices in China and India.
– Higher oil prices drove broad commodity indices higher. Agriculture and metals commodity sectors were down.
World Wrap
– US Equities, Treasuries, and Commodities climbed, while International equities sold off.
– Another extremely narrow, Tech-driven market advance. Only 2 of 9 style boxes and 4 of 11 sectors advanced.
– Developed Europe dragged down international equities. Emerging markets climbed on strength in India and Taiwan.
– The yield on the 10-year Treasury fell to 4.2%, the second lower low since April.
Market Outlook – Overweight in a Narrow Market
%
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%