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World Wrap

World Wrap

– Mixed week for global financial assets. US stocks climbed, while international equities and commodities declined.
– 9 of 11 sectors advanced with strong performance from Financials and Utilities. Value stocks outperformed.
– No follow through on China’s stimulus announcement with China’s stock market declining for the second week in a row.
– Oil prices fell sharply, and Gold soared to another new all-time high. Silver prices set a new 10 year high.

World Wrap

World Wrap

– US Equities and Commodities climbed – prices on Treasuries and International equities declined.
– Sectors were mixed with 6 of 11 advancing, led by Technology and Industrials. Large Growth outperformed.
– Emerging markets lagged as China gave up some of its recent explosive gains, declining 7%.
– Yields on Treasuries climbed again last week. Treasury yields and Mortgage rates are higher than they were before the Fed cut by 50 basis points.

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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%