Research

World Wrap

World Wrap

by | Dec 4, 2023 | ,

– Bonds outperformed stocks last week, and commodities declined on falling oil prices.
– Interest rate sensitive sectors and factors outperformed – big bounce in small cap stocks.
– The median country outperformed the cap-weighted international indices. China held back emerging market indices.
– Broad rally across fixed income sectors, and the price of Gold set a new all time high.

World Wrap

World Wrap

by | Nov 26, 2023 | ,

– Global stocks advanced on the shortened holiday week. Commodities were off modestly on another weekly decline in crude oil prices.
– All sectors, styles, and factors moved higher. Unlike the prior week, small caps and value stocks lagged.
– Developed markets outperformed. China was up 1.3%, helping mask a challenging week for Emerging market equities.
– Precious Metals and Bitcoin experienced good performance. Prices on longer duration Treasuries were off slightly.

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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%