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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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The Growing Opportunity in Residential Credit

Key Takeaways

Major Trend Index 7/21/2026

Leuthold's Major Trend Index held Neutral for the week ending July 17, as persis...

Equity Market Observations: Second Quarter 2026

Author: Richard Yasenchak, CFA, CFP®, Chief Investment Strategist

Major Trend Index 7/14/2026

The Major Trend Index holds at Neutral for the week ending July 10, as strong he...