From Chief Investment Officer Tom Veale,
Markets had another rather bad week while I was away. I guess I shouldn’t do that anymore. Courtesy of Franklin/Templeton we see the following:

The SignalPoint Market Risk Indicator still thinks valuations are a bit too high yet. They are getting better and are nearing being fairly valued. Here’s the overview:

The SignalPoint Process has shifted into its accumulation mode and we’re seeing more components of our portfolios calling for share additions. With adequate reserves of cash we endeavor to satisfy the purchase of additional shares as prices decline.
Best regards,
Tom Veale
The MRI comes in at 30 this week, down one point from last week. The MRI Oscillator has moved to a minus 4 indicating relatively strong downward risk pressure. Should the markets continue in the current direction we should see all four components at or below their own neutral ranks.