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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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Major Trend Index 3/16/2026

The Leuthold Major Trend Index held Neutral for the week ending March 13, with n...