Daily brief — July 23, 2026
Momentum stood out: +3.9% 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: +3.9% (+2.1σ, 97th pctile)
That's the 10th-best 5-day run for Momentum against the index since January 2020.
Breadth: 60% of the index above its 50-day average (a month ago: 65%); 66% above the 200-day.
- Since yesterday: momentum crossed +2σ (5d, now +2.1σ)
20d leadership: divyield (held 1d, prev size)
- 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: US Energy Complex leads (+8.9%), Optics & Memory lags (-12.0%).
Sectors, 5d vs S&P: Industrials leads (+3.2% (+2.0σ, 96th pctile)), Communication Services lags (-7.3% (-3.4σ, 0th pctile)).
Analyst tape: 129↑ / 93↓ FY1 EPS (net +8%) in the July 23 read.
FW 3000: Momentum +5.3% (+1.9σ) 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.