Daily brief — July 17, 2026
Momentum stood out: -4.0% vs the index over 5 sessions. As published at the market close. The live view is always on the dashboard.
Unusual moves
- Momentum 5d vs S&P: -4.0% (-2.6σ, 2nd pctile)
- High beta 5d vs S&P: -5.2% (-2.4σ, 2nd pctile)
- Quality 5d vs S&P: -1.6% (-2.2σ, 0th pctile)
Breadth: 65% of the index above its 50-day average (a month ago: 55%); 69% above the 200-day.
- Since yesterday: quality crossed -2σ (5d, now -2.2σ)
20d leadership: size (held 2d, 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: Cybersecurity leads (+9.6%), AI Infrastructure Leaders lags (-13.3%).
Sectors, 5d vs S&P: Real Estate leads (+3.8% (+1.9σ, 96th pctile)), Technology lags (-2.3% (-1.3σ, 8th pctile)).
Analyst tape: 138↑ / 113↓ FY1 EPS (net +5%) in the July 17 read.
FW 3000: Momentum -6.9% (-3.0σ) 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.