From Chief Investment Officer Tom Veale,
“The markets paused a bit last week after being on a New Year High for the first two weeks of 2022. The summary seen below is borrowed from Franklin/Templeton with appreciation.

Our Market Risk Indicator remained unchanged with the activity.

Best regards,
Tom Veale
The MRI comes in at 40 again this week with a +2 MRI Oscillator indicating just modest upside risk pressure.”