Research

World Wrap

World Wrap

by | May 28, 2024 | ,

– US Equities were unchanged, while all other key global asset classes declined.
– Nvidia sucked the air out of the room last week. Large Cap Growth and Tech were the only style and sector to advance.
– Emerging markets suffered their first down week in a month – ending a powerful run. China pulled back more than 4%.
– Metals and Energy pulled back. Gold was off more than 4%, while the dollar was flat.

World Wrap

World Wrap

by | May 20, 2024 | ,

– Broad rally among financial assets globally with Commodities leading the way.
– All style boxes advanced led by Large Growth and Technology stocks. Widely followed US indices made new all-time highs, but only 2 of 9 style boxes did the same.
– Emerging markets outperformed. China was up 4.3% and has climbed more than 18% over the last month.
– The dollar declined, while Energy and Metals prices surged – natural gas futures were up more than 12%.

%

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%