Market Risk Report as of September 27, 2021

Tom Veale
September 27, 2021

From Chief Investment Officer Tom Veale,

“Some stresses in the market place still remain while some were relieved last week.

From Franklin/Templeton newsletter:

SignalPoint’s own strategies mirrored the above information very closely. Our portfolios that contain international components were off slightly while our pure domestic portfolios generally were flat to slightly elevated by week’s end. Fixed Income strategies were flat to slightly off.

Our Market Risk Indicator remained unchanged while the components showed three dropping in risk while one rose slightly.

While still above its median risk value since 1982 it is now well off its peak from earlier this year. Relative Valuation Index is neutral now for the first time in quite a while. The Speculation and Divergence Indexes are also both neutral. Only our IPO/New Issues Index remains high but has been falling steadily for two months. This appears to just be the pendulum returning to center.

Best regards,
Tom Veale

Our MRI remains at 34 with the MRI Oscillator at “0.” As was shown in the Packers/49ers game last night – “It ain’t over ‘til it’s over!””

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