Research

World Wrap

World Wrap

– Global equities rallied, led by US stocks. Commodities declined.
– Broad rally among styles, factors, and sectors. Momentum and Growth were the biggest winners.
– Two out of every three countries we follow advanced, but emerging markets lagged on declines in Chinese equities.
– The US Dollar and prices on US Treasuries finished the week higher on a dovish sounding Fed.

World Wrap

World Wrap

– Commodities rallied, while Global stocks and bonds declined.
– In a down week, 5 of 11 sectors managed to advance, led by a 3.8% advance in Energy stocks.
– Emerging markets were flat, buoyed by a 3.3% move higher in China.
– Both Crude oil and 2Yr Treasury yields climbed to higher highs last week, in a clear sign that inflation concerns are coming to the forefront again.

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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 98.7% 98.7%
  • Monetary 28.2% 28.2%
  • Valuation 98.0% 98.0%
  • Trend 52.0% 52.0%