From Chief Investment Officer Tom Veale,
Last week it appeared a bear shark swam into a school of tasty speculator fish. The school all turned and attempted to swim to safety. Some were more successful than others.
True to the contrary nature of our Market Risk Indicator when we see broad stock price sell-offs we usually see the MRI fall in its risk view. Three of the four MRI components did drop in their own risk ranges with only one going up slightly. Here’s how it looks: