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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 10/20/2026

Leuthold’s Major Trend Index held at Low Neutral in its October 19 report, but c...

Case for U.S. SMID Caps & AI Adopters

Key Takeaways

3Q26 Quarterly Market Review

The third quarter of 2026 saw major equity indexes continue to move higher, with...

Major Trend Index 10/6/2026

Leuthold's latest Major Trend Index holds at Low Neutral, as a modest breadth re...