Looking beneath the index

This work moves from the broad market to sectors and industries. The scanner combines a stock universe, sector snapshots, industry heatmaps and individual-company analysis.

Leadership and relative strength

The aim is to identify where leadership is strengthening or weakening. Rankings and stage labels help describe the current picture. Related research examines those labels against subsequent excess performance relative to SPY.

What needs validation

A descriptive stage label does not establish predictive value. Published results need to explain the sample, evaluation window, benchmark and limitations, including where an apparent relationship did not hold up.

Publication status

The complete analysis and interactive heatmaps are being prepared. This introduction does not claim validated predictive performance.

Related research

Growth, inflation and policyUS net liquidity