Weekly Risk Signals
- 2014 Dow Award Winner/An Intermarket Approach to Beta Rotation: Risk-On
- 2014 Founders Award Winner/An Intermarket Approach to Risk Rotation: Risk-On
- 2015 Founders Award Winner/Lumber: Worth Its Weight in Gold: Risk-Off
- 2016 Dow Award Winner/Leverage for the Long Run: Risk-On
Conclusion: 3 out of 4 signals suggest conditions favor low volatility in the near-term. While Treasuries now look ready to stabilize suggesting an equity supportive environment, the Lumber/Gold ratio means problematic. The rolling 13 week rate of change turned negative last week, likely owing more to Gold’s strength than Lumber’s weakness. I suspect