Last week was another significant week in that the Speedometer score stayed in negative territory, indicating that a significant shift in asset allocation continues to take place. The speedometer made a new low in score (-53) despite equity prices not making new lows.

All the Models remain in Risk Off (invested in bonds), giving us pure risk off.  Investment in TLT is probably wrong.  Far better to remain in the short end of the curve, which has discounted most of the Fed hikes coming, or even in cash, looking for opportunities to regain exposure in equities of sharp dips.

Individual shares continue to be pummeled and some very bad damage has been done to a variety of leading shares that have been flying high.  I encourage you to work with the Database to see if your portfolio needs to be changed in composition.

A video of my detailed expectations for the near term can be viewed at here: