Major Trend Index Rose 0.02 to 1.02

The Major Trend Index rose 0.02 to 1.02 in the week ended August 8th, remaining within its neutral zone (0.95 to 1.05) for the second consecutive week. We are maintaining a reduced net equity exposure level of 55% in both the Core and Global Funds while awaiting the next definitive swing in this quantitative work. While the Index did rise 0.02 on the week, recent market action has tipped two major sub-models very close to bearish inflections that would almost certainly drive the MTI into bearish territory.