From Chief Investment Officer Tom Veale,
“In Turks & Caicos the weather was fine while I was there. It doesn’t appear it was a nice on Wall Street, however. All of the volatility for the last two weeks has had a positive effect on market risk by removing some of the excess.



Best regards,
Tom Veale
The MRI fell to 37 with the recent market drop. While still above its neutral range it is down three points in the last two weeks. The MRI Oscillator is minus 5 indicating strong downward risk pressure.”