From Chief Investment Officer Tom Veale,
“The markets seem a bit confused after last week’s trading. Major indexes were off some while equal weight indexes were flattish. The Market Risk Indicator rose slightly as it measures some of that confusion.

This report is from Sanibel Island where Jane and I are celebrating our anniversary and using up some COVID airline miles before they (or we) expire.
Best regards,
Tom Veale
The MRI is now 35 up a point from a week ago. The MRI Oscillator is +3 indicating mile upward risk pressure.”