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World Wrap

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.

World Wrap

World Wrap

– Prices on Global equities and US Treasuries climbed, while commodities sold off.
– A narrow bifurcated stock market rally last week – only 2 of 9 style boxes and 5 of 11 sectors advanced.
– Emerging markets rebounded on strength in Asia. Mexico fell more than 11% after their election was perceived to give the Morena party too much power.
– All key commodity sectors declined. Gold prices fell on news that China’s central bank pausing gold purchases.

World Wrap

World Wrap

– Global equities declined, and Treasuries were flat for the week.
– While cap-weighted US Equities declined on Large Cap Growth weakness, 6 of 9 style boxes and 6 of 11 sectors advanced.
– Emerging markets were off more than 3% for the worst one week slide since April.
– Broad declines in commodities across every major commodity sector last week.

World Wrap

World Wrap

– US Equities were unchanged, while all other key global asset classes declined.
– Nvidia sucked the air out of the room last week. Large Cap Growth and Tech were the only style and sector to advance.
– Emerging markets suffered their first down week in a month – ending a powerful run. China pulled back more than 4%.
– Metals and Energy pulled back. Gold was off more than 4%, while the dollar was flat.

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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%