From Chief Investment Officer Tom Veale,
A week on the beach in Nuevo Vallarta did this northerner some good. I manufactured some Vitamin D, practiced my minimal Spanish and body surfed for the first time in years (decades!). My Spanish accent is fading faster than my tan, however.
Our MRI rose one point to 31 a week ago and is still there this week. The MRI Oscillator shows a +3 indicating only modest upward risk pressure. Three components dropped slightly in risk assessment this week while the Divergence Index rose slightly. Of note this week is the 13 Week Treasury Coupon Rate as of last Friday coming in at 4.802. This should help savers as these rates roll into Money Market Funds over the next quarter.