Research

World Wrap

World Wrap

– Broad rally among financial assets globally with Commodities leading the way.
– All style boxes advanced led by Large Growth and Technology stocks. Widely followed US indices made new all-time highs, but only 2 of 9 style boxes did the same.
– Emerging markets outperformed. China was up 4.3% and has climbed more than 18% over the last month.
– The dollar declined, while Energy and Metals prices surged – natural gas futures were up more than 12%.

World Wrap

World Wrap

– Global equities rallied, led by US stocks. Prices on US Treasuries were flat.
– Broad move higher in stock prices as all sectors, factors, and style boxes advanced.
– Developed markets outperformed as Germany climbed more than 4%. Germany was the second best performing country in the world last week.
– Precious metals outperformed all commodity sectors, as Gold and Silver prices appear poised to test their highs.

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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 94.3% 94.3%
  • Monetary 43.0% 43.0%
  • Valuation 99.7% 99.7%
  • Trend 54.0% 54.0%