Our proprietary measure of financial risk has been sputtering since early May and the market is lower since then.
The big rise in equity prices that took place since March was accompanied by rapidly declining financial risk.
The point is that unless financial risk keeps heading down, the market will have problems in moving higher.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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