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Daily brief — July 14, 2026

Rotation flag: highbeta went top→bottom quartile in 20 trading days. As published at the market close. The live view is always on the dashboard.

No factor moving more than 2σ from its trailing-year norm today.

Breadth: 64% of the index above its 50-day average (a month ago: 61%); 67% above the 200-day.

20d leadership: size (held 1d, prev value)

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: Cybersecurity leads (+9.2%), AI Displacement Risk lags (-6.5%).

Sectors, 5d vs S&P: Technology leads (+2.2% (+1.1σ, 90th pctile)), Healthcare lags (-4.4% (-1.8σ, 1st pctile)).

Analyst tape: 149↑ / 84↓ FY1 EPS (net +14%) in the July 14 read.

FW 3000: Quality +0.7% (+1.8σ) 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.

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