Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The monthly monitor has reverted to a risk-off posture. Risk aversion has grown in the fixed income and equity markets. Valuation remains unattractive.
Credit spreads have widened. The bond market is pricing for risk along the credit rating spectrum.
Measures of investor risk appetite have turned negative. The ratio of 52-week highs to lows has weakened and ARKK has fallen.
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