The Major Trend Index stayed at High Neutral for the week ending January 16th. The constant drum of new highs and a broadening market has pushed our Technical work to the brink of another upgrade. Inside the scope of the MTI, the new year is off to a terrific start. However, if we tracked Cyclical components called “Threats to Central Bank Independence” or “Status of Intergovernmental Military Alliances,” both would be decidedly negative after the first few weeks of 2026. Net equity exposure in Leuthold tactical accounts continues to rise with the market and now stands at 57-58%.
Click here to read Leuthold's whitepaper.