Research

World Wrap

World Wrap

– Prices on US Equities and Treasuries advanced. Foreign equities were flat, and commodities declined.
– The further up the Capitalization and Growth scales, the better the stock did. The smaller and cheaper, the worse stocks fared.
– China declined nearly 4%. China’s stock market is roughly half the value it was nearly 17 years ago, when the globalization era peaked.
– Sharp weekly drop in crude oil prices hurt Commodity indices. US Treasuries and the Dollar rallied.

World Wrap

World Wrap

– International stocks bounced, and commodities rallied on a sharp move up in crude oil prices.
– Energy and Financials were the best-performing sectors, lifting value indices along with them.
– France, Germany, and the UK rallied strongly, helping developed markets outperform.
– Commodities had a good week – spot prices in crude oil popped by more than 5% over the week.

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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 96.8% 96.8%
  • Monetary 53.8% 53.8%
  • Valuation 99.9% 99.9%
  • Trend 47.0% 47.0%