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Oct 06 2026
Market Internals

Terrific But Lower

  • Oct 6, 2026

The Up/Down ratio for the final month of Q2 reporting is 1.93, which lands in the top 5% of our dataset. Although a comparison to the highest figure in this vignette’s 43-year history seems unfair, the current reading has retreated from Q1’s “three-month” ratio of 2.21.

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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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