From Chief Investment Officer Tom Veale,
“Last week’s markets and closes were dramatically optimistic. Continued excellent earnings reports have helped propel the market indexes to a near-unending string of new all time highs. As a counterpoint to all that good feeling news I might suggest the earnings are possibly in a reversion rather than a surge.


Rising prices of stocks and funds has encouraged some further profit capture in SignalPoint’s equity growth strategies. Cash held in reserve for market risk events continues to pace equity price growth.
Best regards,
Tom Veale
The MRI’s showing 35 this week off one point from last week. The MRI Oscillator is +2 indicating only mild upward risk pressure currently. The Relative Valuation and IPO/New Issues Indexes both remain bearish at this point. Some encouragement can be seen in the number of IPO/New Issue applications being withdrawn, however.

Maybe the SPAC/New Issues/IPO party is finally winding down.”