Dow/S&P500/NASDAQ: NAAIM Index – July 23 2025

The NAAIM Exposure Index dropped to 81.07 as Investment Managers increased their short positions. This is similar to their response on August 2, 2023 indicating they were preparing for a decline. It appears the tariff deadline on August 1, 2025 could lead to a short term market decline during the last half of 2025.

Note that this information is for educational purposes only and not a recommendation.

Stock charts courtesy of http://StockCharts.com.

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