Last week was another significant week, insofar as spread damage to the equity market was extensive but not yet terminal.  The Speedometer score stayed in negative territory, indicating that a significant shift in asset allocation is taking place.

All the Models are 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 have been 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 expectations for the near term can be viewed at