Latest Research

1) Why The Big Sell-Off In Stocks? 2) Why Didn’t Interest Rates Go Lower? 3) Why Was The Dollar Weaker?

We expect volatility to persist in the near term as the market deals with uncertainties surrounding the Fed rate hike decision and China. A defensive stance is recommended within the fixed income space.

In view of the last year’s steep decline in oil prices, Energy has been a frequent headline topic.

Value and Profitability performed well during August. Market Cap was a surprise underperformer given the stock volatility.

The overall widening trend in the last year has not shown any sign of reversing. 

Based on data for the week ended August 7th, the Major Trend Index dropped to a NEGATIVE reading of 0.90, led by declines in both the Attitudinal and Momentum/Breadth/Divergence work.

Re-deflation is the period where reflation gives way to deflation or disinflation. It has been so prevalent that it triggered a new “Higher Risk” signal in our Risk Aversion Index.

IT’s overall sector rank has been falling recently. Growth has slowed, which has prompted downward earnings revisions, while valuation ratios have remained steady or gotten pricier.

Our AdvantHedge gross composite gained an impressive 4.6% in July, outpacing the inverse performance of the S&P 500 (+2.1%), Russell 2000 (-1.2%), and NASDAQ (+2.9%).

Select Industries gross composite gained 1.3% in July, lagging the S&P 500 (+2.1%).

MTI Remains Neutral; Target Net Equity Exposure Cut To 48% In Late July

While this Consumer Discretionary group has not experienced six-plus-years of market outperformance, we think it may be poised for a late-game bounce. An overall lack of housing options may be just what this industry needs to give it a long-awaited boost.

The re-deflation theme has been so prevalent that it triggered a new “Higher Risk” signal in our Risk Aversion Index. There are significant negative implications for all risky assets.

Health Care, Consumer Discretionary, and Financials are the top three rated broad sectors.

Energy And Materials Driving Momentum Volatility

August is “National Eye Exam Month,” but this is the rare year we can confidently recommend that you skip it.

The U.S. stock market has largely shrugged off the latest round of worries related to China’s stock market collapse, the new down-leg in crude oil, a more hawkish tone in Fed-speak, and sizable second-quarter declines in S&P 500 sales and earnings.