– MRI worsens on drop in monetary conditions and not enough improvement in psychology to offset it
– Short term psychology improving – higher put/call ratios and highest 10 Day ARMS Index reading is higher than December 2018.
– But, negative Internals with a fresh High Low Logic Index sell signal
– Overbought bond momentum makes short term reversal in bond yields likely.
![Market Outlook: Short-term psychology improving…but not enough](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20190816-Cypress-Market-Outlook-pdf.png)