From Chief Investment Officer Tom Veale,
“Investors are feeling confused with market action in recent weeks. Yes, markets are rising but investors are yet to embrace this action as being a long term trend. SignalPoint’s MRI Divergence Index shows this poor consensus with a rise well above its median value.
Our MRI rose one point to 30 this week with the MRI Oscillator increasing to +5 (modest upward risk pressure). Two components (Relative Valuation and Divergence) are currently more than a standard deviation above their median values while two remain neutral.”