Market Risk Report as of June 26, 2023

From Chief Investment Officer Tom Veale,

We heard a lot of rumors over the weekend about goings on in Russia. Yet, when it was over, there really doesn’t seem to have been much change. U.S. Stock Exchange futures looked a bit negative before the start of this last week of June but markets generally opened upward. Oil prices looked worrisome but didn’t change from its $69 – $70 price. Maybe it shouldn’t be a surprise that the SignalPoint Market Risk Indicator is unchanged this week.

Market pressures on various sectors, both favorable and negative continue. This has offered SignalPoint’s portfolio management process occasional opportunities to adjust the equity/cash ratios within the various strategies in a proactive manner. We are monitoring these changes along with markets and economic pressures for further need of adjustment.

Best regards,

Tom Veale

SignalPoint’s Market Risk Indicator (MRI) comes in again at 30 this week while the MRI Oscillator shows some increasing risk pressure at +5. Internally, the MRI saw no change from the previous week with two components neutral and one each proactive and cautious.

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