On July 9, 2026 it was noted that a decline would be expected to start later in the month of July. In addition to this the Exposure index is in the process of developing a pattern that is similar to what occurred between June 16, 2021 (98.52) and September 22, 2021 (77.70). Based on this pattern a pullback going into the mid-term election would be appropriate. Investment managers are still bullish.
Note that this information is for educational purposes only and not a recommendation.
Data source: NAAIM Exposure Index
