Research

World Wrap

World Wrap

by | Jun 26, 2023 | ,

– Complete reversal of the action from the prior week – Global equities and commodities declined, while Treasuries and the Dollar rallied.
– Sharpest one week drop for stocks since March. Ten of 11 sectors closed lower – Healthcare stocks advanced.
– Short-lived return to positive year-to-date returns for China – Chinese equities fell 6.7% last week.
– Bitcoin rallied 17%, making a new 52 week high in the process.

World Wrap

World Wrap

by | Jun 20, 2023 | ,

– Global equities and Commodities rallied, while prices on US Treasuries and the Dollar declined.
– Last week’s stock rally was broad – all sectors, styles and factors moved higher.
– China’s re-opening narrative has been a dud, but their stock market managed to cross into positive return territory for 2023 after a one week increase of 3.6%.
– Crude oil futures advanced by 7% in a week where all key commodities climbed.

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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%