Our US equity risk index has been at the same level for three weeks now. Not too much has changed. We have a few valuation and sentiment indicators that are bullish and everything else is bearish which does not bode well for the market. As we have stated in our newsletter we are short term positive and long term bearish.
Again the higher the index level the more bullish we get and conversely the lower the level gets the more bearish we get.
We hope that you find the weekly equity risk index useful. In our newsletter we also provide risk indexes for fixed income and precious metals. These are but a few of our proprietary models that we use to help guide us in our trading.
The Macro Trader
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