Daily brief — July 7, 2026
Momentum's worst five-day run against the index in a year. As published at the market close. The live view is always on the dashboard.
Unusual moves
- Momentum 5d vs S&P: -5.6% (-3.9σ, 0th pctile)
- High beta 5d vs S&P: -5.4% (-2.6σ, 1st pctile)
- Quality 5d vs S&P: -1.5% (-2.2σ, 0th pctile)
That's the 4th-worst 5-day run for Momentum against the index since January 2020.
Breadth: 68% of the index above its 50-day average (a month ago: 55%); 68% above the 200-day.
- Since yesterday: highbeta crossed -2σ (5d, now -2.6σ)
- Since yesterday: momentum crossed -2σ (5d, now -3.9σ)
- Since yesterday: quality crossed -2σ (5d, now -2.2σ)
20d leadership: size (held 1d, prev value)
- Rotation flag: highbeta went top→bottom quartile in 20 trading days
July seasonality (30y): market +1.2% mean / 60% hit; momentum +0.5% mean / 50% hit; value +0.6% mean / 43% hit; size -0.8% mean / 37% hit; quality +1.1% mean / 70% hit.
Baskets, 20d vs S&P: Regional Banks leads (+8.1%), AI Displacement Risk lags (-7.2%).
Sectors, 5d vs S&P: Financial Services leads (+3.4% (+2.2σ, 97th pctile)), Technology lags (-1.9% (-1.1σ, 9th pctile)).
Analyst tape: 97↑ / 67↓ FY1 EPS (net +6%) in the July 7 read.
FW 3000: Momentum -8.8% (-4.0σ) on the week vs the broad benchmark — the 3,000-name universe, beyond large caps.
Computed from S&P 500 constituents, point-in-time quintile portfolios. Provided as-is, with no guarantee of accuracy, timeliness, or freedom from errors. Not investment advice.