Daily brief — July 27, 2026
High beta'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
- High beta 20d vs S&P: -8.0% (-2.3σ, 1st pctile)
- Momentum 20d vs S&P: -6.0% (-2.3σ, 2nd pctile)
Breadth: 70% of the index above its 50-day average (a month ago: 65%); 70% above the 200-day.
- Since yesterday: divyield took 20d leadership (from highbeta, confirmed after 3d)
20d leadership: divyield (held 3d, 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 (+12.8%), Optics & Memory lags (-22.8%).
Sectors, 5d vs S&P: Industrials leads (+4.2% (+2.5σ, 98th pctile)), Communication Services lags (-5.3% (-2.4σ, 2nd pctile)).
Analyst tape: 158↑ / 95↓ FY1 EPS (net +13%) in the July 27 read.
FW 3000: Low volatility +2.2% (+1.4σ) 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.