Market Risk Report as of July 5, 2021

Tom Veale
July 5, 2021

From Chief Investment Officer Tom Veale,

“The SignalPoint Market Risk Indicator (MRI) remained unchanged this week. No significant changes to the MRI Components occurred and they split even with two slightly up and two slightly down in risk profile. Two remain in their own risky territory while two are market neutral.

We did note this week that our Speculation Index ticked upward and is above its median value. At the same time our Divergence Index shows good investor consensus and dropped below its median.

The top three business sectors for 2021, Year-to-Date, remain Energy, Financials and Real Estate. All three show healthy YTD gains. The bottom three sectors are all positive for the YTD with Consumer Discretionary, Consumer Staples and Utilities sharing this end of things.

As the Covid – 19 Pandemic continues to wind down in the developed world the general economy is improving. Soft spots in supply chains have been holding back growth a bit but those issues are resolving themselves.

Best regards,
Tom Veale

The MRI comes in unchanged at 38 with the MRI Oscillator being +2 indicating slight upward risk pressure.”

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