Daily brief — July 21, 2026
Momentum's best one-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 1d vs S&P: +2.6% (+2.7σ, 100th pctile)
- High beta 1d vs S&P: +2.5% (+2.2σ, 99th pctile)
That's the 2nd-best 1-day run for Momentum against the index since January 2020 — only June 25, 2026 was better.
Breadth: 61% of the index above its 50-day average (a month ago: 56%); 66% above the 200-day.
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: Payments & Fintech leads (+10.1%), Optics & Memory lags (-20.1%).
Sectors, 5d vs S&P: Real Estate leads (+2.2% (+1.1σ, 86th pctile)), Communication Services lags (-2.1% (-1.1σ, 14th pctile)).
Analyst tape: 136↑ / 104↓ FY1 EPS (net +7%) in the July 21 read.
FW 3000: Dividend yield +2.0% (+1.1σ) 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.