Market Risk Report as of January 30, 2023

From Chief Investment Officer Tom Veale,

Upward speculation risk pressure has been offset by modest declines in valuation risk pressure this week. This has kept the SignalPoint Market Risk Indicator nearly unchanged.

As quarterly earnings reports come in and the Federal Reserve contemplates where it will target the next interest rate change, we see January closing with nice gains. While still well off its previous high the S&P 500, NASDAQ Composite and the Dow 30 Industrials all have improved since the close of 2022. Our Speculation Index suggests the rise in stock prices might be a little too much, too quickly. We’ll continue to monitor this and the other MRI components for early signs of overheating.
The various SignalPoint Portfolio Strategies continue to improve along with the general markets so far in this new year. Component ETFs continue to move upward toward where shares will be distributed when target prices are met.
Best regards,
Tom Veale
The MRI comes in at 30 again this week but the MRI Oscillator is showing more upward risk pressure at +5. Two components moved upward in risk profile while two declined. Two are in neutral territory with one each above and below their neutral ranges.

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