Market Risk Report as of July 10, 2023
From Chief Investment Officer Tom Veale, Checking one’s facts should be easy in our modern, electronic information age. Checking more than one source for those facts is a good idea still. Sometimes our favorite information sources or sites are not up-to-date. I was reminded of this early today when looking at apparent yields on some […]
Market Risk Report as of July 4, 2023
From Chief Investment Officer Tom Veale, Thinking about Risk this day I was taken by the thought of the American Colonies and their decision to break free of England and declare their independence in 1776. What risk was there is ‘doing nothing’ compared to challenging Britania for the right to self-governance? What level of intrusiveness […]
Market Risk Report as of June 26, 2023
From Chief Investment Officer Tom Veale, We heard a lot of rumors over the weekend about goings on in Russia. Yet, when it was over, there really doesn’t seem to have been much change. U.S. Stock Exchange futures looked a bit negative before the start of this last week of June but markets generally opened […]
Market Risk Report as of June 19, 2023
From Chief Investment Officer Tom Veale, The early Summer rally has been helpful for most investors so far. It has favored very large cap stocks to a greater degree than the mid and small caps, however. In last week’s Risk report we discussed the unusual nature of the rally versus the downward trend of market […]
Market Risk Report as of June 12, 2023
From Chief Investment Officer Tom Veale, So far the stock market’s recent move upward hasn’t put much upward pressure on market risk. In fact, we’ve seen the MRI decline slowly since late April of this year. That’s about when the most recent market rally started, by coincidence. This is unusual. Generally our Market Risk Indicator […]
Market Risk Report as of June 5, 2023
From Chief Investment Officer Tom Veale, After the dip in risk in mid-2022 we’ve seen the Signalpoint Market Risk Indicator stay in a relatively tight range compared to the Covid and 2021 times. Currently it’s back to around where it was at the start of this new year. The brief January rally pushed it up […]
Market Risk Report as of May 29, 2023
From Chief Investment Officer Tom Veale, May is closing with the SignalPoint Market Risk Indicator dropping another point this week. Risk has been slowly abating with sluggish IPO activity and very little broad market speculation. While still above its median level, the MRI has managed to stay away from its cautionary region. The short term […]
Market Risk Report as of May 22, 2023
From Chief Investment Officer Tom Veale, It’s hard to imagine a more confusing situation than what the Federal Reserve has accomplished since the start of the New Millennium. They didn’t just put a thumb on the interest rate scales, they kept a fist on it for most of the last two decades. With market driven […]
Market Risk Report as of May 15, 2023
From Chief Investment Officer Tom Veale, This week we have SignalPoint’s Speculation Index back in its Proactive territory for the first time since the last Quarter of 2022. Cash has been flowing away from stock markets into more conservatively designed areas as can be seen since the early 2023 rally. Lower speculation along with slightly […]
Market Risk Report as of May 8, 2023
From Chief Investment Officer Tom Veale, The “Turners” of old couldn’t out perform the tumbling act the markets have been doing lately. Even so, market risk remains flattish as we watch the indexes jump and cartwheel. This week comes in steady with three components falling and one rising. Our Divergence Index shows confusion among investors […]
