Market Risk Report as of November 22, 2021

From Chief Investment Officer Tom Veale,

“As with the previous week market trade activity was less healthy that we like to see. Again we saw declining stocks outnumbering advancing ones along with large numbers of both 52 week highs and lows simultaneously.

What we may be seeing is a year-end action where investors are shifting portfolio components, chasing their winners and dispensing with their losers. That sort of tax trading tends to keep indexes from falling dramatically while still serving up a load of new 52 week lows. Capital weighted indexes were little changed for the week where the equal weight index dropped over 1% on the week.
Please enjoy the upcoming Thanksgiving holiday,”
Best regards,
Tom Veale

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