MMRI At 250... Anyone Care To Speculate Where It Might Go From Here?
From Greg M
Lions and friends…
The MMRI, Mannarino Market Risk Indicator as I am posting this is sitting at 250, a HIGH RISK situation.
Keep in mind that the MMRI measures market risk in REAL TIME by utilizing the current relative dollar strength and the benchmark 10 year yield. So, if you expect that the 10 year yield will climb along with the dollar relative strength, the MMRI will rise. If you believe that these will fall, so to would the MMRI. Many factors can play into this, for example- if geopolitical tensions rise, so would the MMRI.
As you know, the higher the MMRI goes, the higher is risk in owning stocks.
Please post your thoughts, going higher or lower? Short term? Longer term?