– Global equities and fixed income climbed, while Commodities declined on lower oil prices.
– The advance was broad during the holiday shortened week with all factors, sectors and styles moving higher.
– China was the worst performing country in the world last week, declining 3.1% and weighing on Emerging market indices.
– Long-term Treasuries rallied causing the yield curve inversion to fall to new lows.
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– Prices for US Equities and Commodities went lower. Oil prices fell more than 9% over the week.
– Traditional defensive sectors Healthcare, Staples, and Utilities all rallied. All other sectors declined.
– Both developed and emerging international stocks moved up. China advanced 4.2%.
– Yields fell on Treasuries with longer maturities, making the yield curve inversion even steeper.
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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)
