Market Risk Report as of February 28, 2022

From Chief Investment Officer Tom Veale,

“It appears the Ukraine/Russian conflict will continue to disrupt global stock markets. Unintended consequences seem to be springing up all over. Crude Oil prices are rising along with Russian interest rates. Economic sanctions are popping up like dandelions in the Spring. Through all of this our SignalPoint market Risk Indicator remains unchanged this week and still lower than any time since mid-2020.

The MRI components also moved very little with last week’s markets. Overall, the MRI Oscillator shows risk pressure is a steady state affair.
Rather than attempt to re-align our portfolio strategies to anticipate the current markets’ upsets, we are letting the SignalPoint Process sense and react as necessary. Share prices in the various strategies have moved away from their nearest targets for share reductions but few have moved downward enough to trigger much inventory accumulation. The exceptions are in strategies with ex-US holdings. With those we have had some modest buy activity.
We continue to watch our portfolio component prices closely for opportunities.
Best regards,
Tom Veale
The Market Risk Indicator comes in with a value of 34 this week while the MRI Oscillator is zero. Internal components of the MRI have had off-setting moves with our Divergence and IPO Activity indexes falling slightly as the Relative Valuation and Speculation indexes rising a bit.”

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