– Global equities and commodities declined – Real Estate and Treasuries advanced modestly for the week.
– Weakness in cap-weighted indices was largely confined to Large Cap Growth and Tech. 7 of 9 style boxes and 7 of 11 sectors saw higher prices.
– Despite declines in broad foreign indices, European equities rebounded last week.
– High yield fixed income rallied, causing high yield spreads to sink to the lowest level since December 2021.
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– Global equities and fixed income declined, while Real Estate rallied.
– Large Growth and Tech stocks fell sharply. Value stocks and small caps had another strong week.
– European stocks underperformed, weighing on international equity indices.
– Broad decline across all commodity sectors. Bitcoin, range bound since March, rallied more than 16% from July’s lower low.
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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)
