Market Risk Report as of June 21, 2021

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.

Three of the four MRI components dropped in their own risk assessment this week with the score being two neutral and two showing high risk values (Relative Valuation and New Issues Indexes). Higher inflation numbers from the Consumer Price Index data has kept the Relative Valuation number well above median value for a long time.”
Best regards,
Tom Veale

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