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. Delinquency rates continue to rise. Valuation remains unattractive.
Measures of investor risk aversion have turned negative. The appetite for equities has declined as evidenced by a rising VIX and a falling ARKK. The recent credit rally and 52-week high-low ratio have been the only bright spots in risk-taking.
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