Skip to content

RAI

Jan 07 2017

Risk Aversion Index: Stayed On “Lower Risk” Signal

  • Jan 7, 2017

While we are aware of how far markets have moved in the few short weeks since the election, we continue to maintain a Favorable view toward spread products within fixed income.

Dec 07 2016

Risk Aversion Index: Stayed On “Lower Risk” Signal

  • Dec 7, 2016

With the Fed’s December hike priced in, we maintain a Favorable view toward spread products within fixed income.

Nov 05 2016
Oct 06 2016

Risk Aversion Index: Stayed On “Lower Risk” Signal

  • Oct 6, 2016

We maintain our favorable view towards spread products within fixed income, but given the election and the Fed hike risk, caution is warranted.

Feb 05 2016

Risk Aversion Index—Moved Up; A New “Higher Risk” Signal

  • Feb 5, 2016

We are aware of the oversold condition in oil but we expect volatility to remain high in the near term. We maintain a defensive stance towards credits at this point.

Jan 07 2016

Risk Aversion Index—Moved Up But Stayed On “Lower Risk” Signal

  • Jan 7, 2016

Despite the mechanical “Lower Risk” signal, we are clearly in a risk-off environment. We recommend a defensive stance towards credits at this point.

Dec 08 2015

Risk Aversion Index - Stayed On “Lower Risk” Signal

  • Dec 8, 2015

Fewer uncertainties surrounding the Fed’s policy decision probably helped, but the renewed sell-off in oil is a big concern for all credit classes. We recommend caution and a neutral stance towards credits at this juncture.

Nov 06 2015

Risk Aversion Index— A New “Lower Risk” Signal

  • Nov 6, 2015

We are moving to a more constructive stance towards credits within the Fixed Income space.

Oct 07 2015

Risk Aversion Index— Moved Higher, Stayed On “Higher Risk” Signal

  • Oct 7, 2015

It’s too early to move back into credits; we recommend a defensive stance within the Fixed Income space.

Sep 08 2015

Risk Aversion Index— Moved Higher, Stayed On “Higher Risk” Signal

  • Sep 8, 2015

We expect volatility to persist in the near term as the market deals with uncertainties surrounding the Fed rate hike decision and China. A defensive stance is recommended within the fixed income space.

Aug 07 2015

Re-Deflation—RAI Flashes New “Higher Risk” Signal

  • Aug 7, 2015

The re-deflation theme has been so prevalent that it triggered a new “Higher Risk” signal in our Risk Aversion Index. There are significant negative implications for all risky assets.

Jul 08 2015

Risk Aversion Index—Increased But Stayed On “Lower Risk” Signal

  • Jul 8, 2015

However, we recommend a defensive bias within the fixed income space for the time being.

Jun 05 2015

Risk Aversion Index—Stayed On “Lower Risk” Signal

  • Jun 5, 2015

While we acknowledge the volatile market environment, we still favor credits within the fixed income space.

Jan 08 2015

Risk Aversion Index—New Higher Risk Signal

  • Jan 8, 2015

Despite strong performance for stocks, the RAI ended the year at its highest level. While we are in a very favorable seasonal window, we recommend taking a more defensive stance for now.

Nov 07 2014

Risk Aversion Index Fell Sharply—New “Lower Risk” Signal

  • Nov 7, 2014

The dramatic turn-around in risk appetite triggered a new “Lower Risk” signal. It also marks the beginning of a very favorable seasonal window.