Daily brief — July 24, 2026
Momentum's worst 20-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 20d vs S&P: -8.3% (-3.1σ, 0th pctile)
- High beta 1d vs S&P: -2.4% (-2.2σ, 3rd pctile)
That's the 4th-worst 20-day run for Momentum against the index since January 2020.
Breadth: 66% of the index above its 50-day average (a month ago: 64%); 67% above the 200-day.
- Since yesterday: momentum back inside 2σ (5d)
20d leadership: divyield (held 2d, 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: AI Displacement Risk leads (+13.1%), Optics & Memory lags (-25.2%).
Sectors, 5d vs S&P: Industrials leads (+3.2% (+2.0σ, 95th pctile)), Consumer Cyclical lags (-5.3% (-2.9σ, 0th pctile)).
Analyst tape: 139↑ / 87↓ FY1 EPS (net +11%) in the July 24 read.
FW 3000: Quality +0.5% (+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.