[PLUS] July Weight of the Evidence Dashboard: Less Is More Until Risk Environment Improves
July 6, 2022
Key Takeaway: Market trends have improved to neutral on the favorably seasonal patterns that tend to be seen around mid-term elections. The problem in the current environment is that these tendencies have already been widely discussed (and are already being discounted by the market). With liquidity conditions tightening, economic conditions deteriorating and market action consistently producing more new lows than new highs (32 weeks in a row and counting), this remains a risk off environment. Managing risk and preserving capital remain our focus for now.
