Today's number is... -2.7%

The S&P 500 dropped 2.7% on Friday, the first 2% down day in 119 trading sessions.

Here’s the chart:

Let's break down what the chart shows:

• The top...

Today's number is... 111

The S&P 500 has now closed above its 50-day moving average for 111 straight trading days, the longest streak since 2011.

Here’s the chart:

Let's break down what the...

Today's number is... 31

The S&P 500 has gone 31 consecutive trading days without moving more than 1% in either direction. That’s the longest stretch of calm since January 2020.

Here’s the chart:

Today's number is... 4

The Risk-On Index just reached a 4-year high. The last time it was this elevated was June 2021.

Here’s the chart:

Let's break down what the chart shows:

• The...

Today's number is... 3

That’s how many months the S&P 500 Advance–Decline Line spent consolidating before breaking out to fresh all-time highs last week.

Here’s the chart:

Let's break down what the chart...

Today's number is... 30

The S&P 500 has made 30 all-time highs in 2025. That’s already well above the historical average of 19.7 per year.

Here’s the table:

Let's break down what the table...

Today's number is... 6

The Nasdaq 100 has just posted six consecutive months of gains. That’s the longest winning streak in over seven years.

Here’s the table:

Let's break down what the...

Today's number is... 90%

90% of S&P’s industry groups finished Q3 with positive returns.

Here’s the table:

Let's break down what the table shows:

• The table shows quarterly and...

Today's number is... 3

Three months left. And seasonality points to one of the strongest stretches of the entire year.

Here’s the chart:

Let's break down what the chart shows:

• The...

Today's number is... 73

73 consecutive days that the All Country World Index markets have posted more new highs than new lows.

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 7

Bears led the AAII survey for seven weeks. That streak just snapped! The spread is now +2.5 in favor of the Bulls.

Here’s the chart:

Let's break down what the chart shows...

Today's number is... 12.8%

The United States is up 12.8% year-to-date, which is a solid gain, but the weakest return in my Global Seven-Region Framework.

Here’s the chart:

Let's break down what...

Today's number is... –0.18

The 26-week momentum in Moody’s Baa corporate bond yield has dropped to –0.18, flipping the signal back into the green zone.

Here’s the chart:

Let's break down what...

Today's number is... 0.66

That’s the latest reading of our Risk-On/Risk-Off Indicator, its highest level so far this year and the strongest since November 2024.

Here’s the chart:

Let's break down what the chart...

Today's number is... 101

The NYSE + NASDAQ Net New High Advance-Decline Line has been rising for the past 101 consecutive days

Here’s the chart:

Let's break down what the chart shows:

...

Today's number is... 62.6%

That’s how many S&P 500 stocks are underperforming the index year-to-date.

Here’s the chart:

Let's break down what the chart shows:

• The chart plots each S&P 500...

Today's number is... 100%

All major US indices remain above every moving average, from the 5-day to the 200-day.

Here’s the chart:

Let's break down what the chart shows:

• The table lists the S&P...

Today's number is... 959

That’s how many trading days the Russell 2000 has gone without making a new all-time high.

Here’s the chart:

Let's break down what the chart shows:

• The top panel plots the...

Today's number is... 5

That’s 5 consecutive weeks AAII survey Bears have outnumbered Bulls.

Here’s the chart:

Let's break down what the chart shows:

• The top panel plots the S&P...

Today's number is... 440

That’s how many days Gold’s 50-day average has stayed above its 200-day average.

Here’s the chart:

Let's break down what the chart shows:

• The top panel plots Gold’s daily...

Today's number is... 81.8%

Sector breadth is at a year-to-date high, with 81.8% of S&P 500 sectors (9 of 11) trending higher.

Here’s the chart:

Let's break down what the chart shows:

Today's number is... 20

That’s how many all-time highs the S&P 500 has already logged in 2025 — with 4 months still to play.

Here is the chart:

Let's break down what the chart shows:

• The ...

Today's number is... 2

Two key risk ratios just hit extremes: Consumer Staples has broken to fresh lows against the S&P 500, while Equal-Weight Discretionary has hit record highs relative to Staples.

...

Today's number is... 9

We’re about to enter month 9 — September, which is the worst month on the calendar for the S&P 500.

Here are the charts:

Let's break down what...