From Chief Investment Officer Tom Veale,
Last week the S&P500 Index rose a solid 6%. That’s the Cap Weighted index. The S&P 500 Equal Weight Index rose just 5%. I think we can assume the largest cap stocks outperformed the smaller caps from this. Advancing stocks swamped decliners by significant margins even if there weren’t many new 52 week highs (still lots of new 52 week lows). The SignalPoint Market Risk Indicator has been very sensitive to the current inflation rate even while three of its components moved to lower risk profiles.