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World Wrap

World Wrap

– AI-led U.S. stocks and emerging markets rose, while developed markets lagged. Rising yields hit Treasuries and REITs as oil and gold fell.
– AI enthusiasm lifted technology, momentum and growth, while falling oil hurt energy and higher yields weighed on utilities and dividend stocks.
– Korea surged on chip demand, lifting Asian emerging markets. Indonesia and Denmark slumped, while developed Europe was nearly flat.
– Long Treasuries, munis and global credit fell as inflation and Fed hike bets drove yields higher. Oil and gold slipped, while the dollar rose.

World Wrap

World Wrap

– U.S. stocks finished flat but beat international shares and REITs. 10-year yield moved up to 5% leading up to the Fed meeting, pressuring rate-sensitive assets.
– Healthcare and technology led as chipmakers rebounded. Utilities fell 3%, while growth beat value despite the Fed’s first rate hike in three years.
– Taiwan and Nigeria bucked a weak global week. Colombia fell 6.7%, while developed Europe slid amid central-bank tightening and an auto selloff.
– The dollar rose 1.1% after the Fed hiked. Silver and copper gained, lumber sank 5%, and foreign bonds lagged as global yields climbed.

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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%

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