Market Risk Report as of February 22, 2021
From Chief Investment Officer Tom Veale, “It gives me no pleasure to record 31 weeks of bearish Market Risk Indicator readings. This week the MRI rose another point to 43 with an MRI Oscillator value of +2 (mild upward risk pressure). It feels like we’re witnessing the end of a manic period of investing. If […]
Market Risk Report as of February 15, 2021
From Chief Investment Officer Tom Veale, “Yet another week of markets rising while facing continued bearish risk pressure. Three of the Market Risk Indicator’s four components rose slightly in their own profiles while one declined. Overall, the MRI is unchanged at 42 this week with the MRI Oscillator being +4 or showing upward risk pressure. […]
Market Risk Report as of February 8, 2021
From Chief Investment Officer Tom Veale, “The Advance/Decline ratio for the NASDAQ Composite and the NYSE both remain very strong at above 6:1 as of the end of last week. This would indicate the markets’ rally is broadly based and not just a few large cap stocks leading the way. A similar view is seen […]
Market Risk Report February 1, 2021
Is the market playing “Chicken” on a two lane road? Or is it a warp speed version of Musical Chairs? Whatever the Game, one has to ask, “When will it Stop? SignalPoint’s Market Risk Indicator (MRI) rose yet another point to 41 this week and posts the 28th week of being Bearish. All four components […]
Market Risk Report as of January 25, 2021
“The three Market Risk Indicator components that have been bearish for so long remain so this week. This pushed the MRI’s reading up another point to an indicated 40 with the MRI Oscillator at +5 (upward risk pressure). This is the 27th week of the MRI suggesting bearish conditions and weak market appreciation potential looking […]
Market Risk Report as of January 18, 2021
From Chief Investment Officer Tom Veale, “A half year of bearish signals from our Market Risk Indicator has yet to be reflected in the major market indexes. The party has moved out on the balcony and nobody seems concerned. Are there detectable cracks in the anchors holding the party suspended at its current elevation? The […]
Market Risk Report as of January 11, 2021
From Chief Investment Officer Tom Veale, “When the Crystal Ball clears, sometimes it reveals things about which we’d just as soon ignore. The Coronavirus cloud is thinning. What we see is a shift in attitude about taxation, regulation and economics as dramatic as we saw four years earlier, but from the other side. Should corporate […]
Market Risk Report as of January 04, 2021
From Chief Investment Officer Tom Veale, “Wishing that market risk was less doesn’t seem to be working for the start of 2021. The SignalPoint Market Risk Indicator remained unchanged and bearish at 38 for the 24th straight week. The MRI Oscillator remains at +5 indicating upward risk pressure remains. Three of the four MRI components […]
Market Risk Report as of December 28, 2020
From Chief Investment Officer Tom Veale, “Markets were flat through the previous week but two of the SignalPoint Market Risk Indicators rose in their own risk ranges. Three remain bearish and one bullish similar to last week, but the upward pressure on the Relative Valuation and Speculation indexes was enough to push the MRI up […]
Market Risk Report as of December 21, 2020
From Chief Investment Officer Tom Veale, “We are beginning to see reports from other sources that equity prices are moving beyond richly valued. This week SignalPoint’s Market Risk Indicator is unchanged at a bearish 37 and clocks the 22nd week of being so. The MRI Oscillator is +4 indicating some upward pressure on risk. One […]
