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The first full week of 2026 featured another upgrade to our Cyclical work—the second in 
the last month. This bump was not enough to move the overall Major Trend Index out of 
High Neutral, however. Net equity exposure in Leuthold tactical accounts continues to rise 
with the market and now stands at 57%.

 

Click here to read Leuthold's whitepaper.

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Rethinking the High‑Income Universe: A Full‑Capital‑Structure Approach to Credit

Key Takeaways The high-income universe has evolved into a multi-asset credit eco...

Major Trend Index 5/4/2026

The Major Trend Index remains at High Neutral, with Leuthold tactical accounts h...

Major Trend Index 4/29/26

The Major Trend Index holds at High Neutral, with Leuthold's tactical accounts m...

Major Trend Index 4/22/2026

The Leuthold Group's latest Major Trend Index report upgrades the overall MTI to...