Daily brief — July 22, 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: 60%); 67% above the 200-day.
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: Payments & Fintech leads (+7.5%), Optics & Memory lags (-14.2%).
Sectors, 5d vs S&P: Energy leads (+6.2% (+1.6σ, 95th pctile)), Communication Services lags (-5.5% (-2.6σ, 1st pctile)).
Analyst tape: 143↑ / 107↓ FY1 EPS (net +8%) in the July 22 read.
FW 3000: Dividend yield +2.7% (+1.6σ) 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.