Market Risk Report as of August 23, 2021

From Chief Investment Officer Tom Veale,

“Sometimes things feel worse than they are. Here’s what last week looked like according to data from Franklin Templeton:

With that as a background here’s how the Market Risk Indicator (MRI) looks:

We barely see a wiggle in the S&P 500 from last week’s activity. Further, it did little to change our MRI’s current view of market risk. Three MRI components remain well above their median values with only our Speculation Index being in its neutral territory. The MRI remains the same this week.
Our Water/Beverage Portfolio Strategy was the only one to rise this last week. All the others drifted sideways or were down slightly. They all retain significant buffers should the markets decide to take a turn for the worse. We remain vigilant, looking for both profit opportunities and justification to change equity inventories.”
Best regards,
Tom Veale

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