Research

World Wrap

World Wrap

– Global stocks and bonds were up across the board. Commodities were mixed – gains in metals offset falling crude oil.
– Broad based rally among sectors, styles, and factors. Value stocks and small cap stocks were outperformers.
– Both developed and emerging markets outperformed US stocks last week. 41 of 45 countries we track rallied.
– The dollar sold off, and precious metals rallied alongside prices in US Treasuries.

World Wrap

World Wrap

– Global stocks and fixed income were mixed for the week. Commodity prices declined.
– Large Cap, particularly Large Cap Growth, was the only row in the style box to advance, driven by the strength of Tech stocks.
– Develop markets fell, but Emerging markets were flat on strength in India, Taiwan, and Brazil
– Bitcoin climbed more than 7%, and crude oil prices have fallen to the lowest level since July.

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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%