Our equity risk index remained at the same 11.11% reading that we got last week. Essentially our models are bearish and see very little reason for the market to go up. Valuations have improved but that is it. Breadth is horrible, the trend is down, and the economy sucks. The sad thing is that the United States is in better shape then Europe. Yeah there is light at the end of the tunnel but we aren’t close
enough to the entrance yet to see any of it.
We offer our proprietary equity, fixed income, and precious metals risk indexes each weekend in our weekly newsletter. We offer the equity risk index on the site a few days delayed each week.
The Macro Trader
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P.S.S We are excited to be launching our new members area tonight.