From Chief Investment Officer Tom Veale,
“With markets retreating slightly this last week our Market Risk Indicator also declined. The MRI dropped to 39 putting it under 40 for the first time since mid-January of this year. The MRI Oscillator comes in at zero indicating no upward or downward pressure on risk. Median value for the MRI is 26, so we’d still classify its current number as indicating below average market appreciation potential for the next 6 to 12 months.