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May 06 2026
Market Internals

Q1 Starts With Slight Dip

  • May 6, 2026

The first Up/Down ratio for Q1 is 2.37. This is a step back from the four-year high “one-month” figure of the previous quarter (2.63). The current reading is still robust when compared to our long-term average, but today’s expansion is getting a little long in the tooth, and expecting more advances seems greedy.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager

Phil Segner Sr. Research Analyst & Co-Portfolio Manager

Phil is a Co-Portfolio Manager and Sr. Research Analyst at The Leuthold Group, LLC. He is a member of the asset allocation and investment committees and is a major contributor to the firm's research publications.

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