Stats for 2026-01-09 (2nd week of the Month)

Market Regime, Economy & Portfolio Interpretation
As of Jan 9, 2026 (Week 2)

This analysis focuses on signal strength and market regime, not stock-picking hype. The dataset clearly reflects how institutional capital is positioning in the current environment. “This market isn’t chasing returns — it’s protecting capital while staying invested.”

1. Big Picture: What Kind of Market Is This?

This is NOT a broad bull market.

It is a selective, late-cycle / inflation-aware market where capital is concentrating in hard assets, pricing power, and balance-sheet strength.

• Median Market Cap: $13.4B → Institutions remain active
• 68% NYSE / Amex vs 32% Nasdaq → Preference for cash-flow, asset-backed businesses
• Leadership is narrow and deliberate, not speculative

• Defensive but not bearish
• Inflation-hedged
• Quality-biased

2. Sector Allocation: The Loudest Signal

🔥 Materials at 26% (EXTREMELY high)

This is the single most important takeaway. Materials leadership at this scale historically aligns with:

• Persistent inflation
• Currency debasement concerns
• Supply-side constraints
• Geopolitical risk hedging

This is not generic Materials exposure — it is dominated by precious metals and miners.

Supporting Sectors

• Industrials (17%) → Infrastructure, defense, services
• Technology (15%) → Foundational tech, not speculative growth
• Financials (13%) → Capital markets & banks, not junk credit

Underweighted Sectors

• Energy (3%)
• Consumer Staples (4%)
• Communication Services (4%)

👉 Not a recession panic market
👉 Preparing for inflation persistence and slower growth

3. Industry Breakdown: What Investors Are Buying

Dominant Industry: Metals & Mining (26%)

• Gold miners
• Silver miners
• Royalty companies (FNV, WPM, RGLD)

This reflects textbook inflation and monetary-instability positioning.

• Lower operational risk
• Margin stability
• Long-duration real asset exposure

Semiconductors (11%)

• MU, TSM, LRCX, ADI

“We want tech exposure, but only where capex and demand are real.”

4. Geographic Exposure

• United States: 65%
• Canada: 19% (primarily miners)
• Limited emerging market exposure

• Risk aversion
• Preference for rule-of-law jurisdictions
• Inflation hedging via resource-heavy countries

5. Stock-Level Signals: What Quality Looks Like

• Pricing power
• Strong balance sheets
• Asset-backed cash flows
• Low dependence on consumer credit

• NEM, AEM, FNV → Inflation hedge
• GS, MS → Capital markets over lending risk
• LLY → Secular growth + defensive earnings
• ADI, LRCX → Essential tech infrastructure

There is almost no speculative growth exposure.

6. ETF Layer Confirms the Regime

• Gold / Silver / Miners (GLD, SLV, SLVP, RING, XME)
• Materials ETFs (VAW, XLB)
• Banks (KBE) → Higher-for-longer rates
• Healthcare Equipment & Pharma

• Pure growth
• Consumer leverage
• Speculative long-duration tech

This reflects institutional positioning, not retail chasing.

7. Oscillator & Fractal Signals

• SPY Oscillator = 3 → Neutral market

• Alphabet
• Amphenol
• Eli Lilly
• TJX
• Cardinal Health

👉 Market is digesting, not breaking
👉 Leadership is rotating, not disappearing

8. What This Says About the Economy

• Slowing but resilient growth
• Persistent inflation pressures
• Late-cycle, not recessionary

• Rates likely higher for longer
• Real assets outperform financial assets
• Productivity investments continue
• Consumers remain selective

9. Portfolio Guidance

• Precious metals & royalty companies
• Materials & mining
• Infrastructure & industrial services
• Capital markets (not credit-heavy banks)
• Healthcare equipment & pharma
• Essential semiconductors

• High-multiple consumer growth
• Highly leveraged cyclicals
• Speculative long-duration tech
• Energy (for now)

10. Final Interpretation

Inflation risk has not been defeated. Growth is slowing but stable. Capital prefers real assets, cash flow, and pricing power — not stories.

This is a “prepare, not panic” market.

• Hedging inflation
• Avoiding leverage
• Favoring durability over acceleration

---

Stats for 2026-01-09 (2nd week of the Month)

List creation date: 2026-01-09

Median MarketCap: 13403

31.9% stocks on Nasdaq; 68.1% stocks on NYSE/Amex

Sector
Materials	26%
Industrials	17%
Information Technology	15%
Financials	13%
Health Care	11%
Consumer Discretionary	7%
Consumer Staples	4%
Communication Services	4%
Energy	3%

Industry
Metals & Mining	26%
Semiconductors & Semi	11%
Construction & Engine	6%
Capital Markets	6%
Aerospace & Defense	4%
Specialty Retail	4%
Interactive Media & S	4%
Energy Equipment & Se	3%
Beverages	3%
Trading Companies & D	3%
Electrical Equipment	3%
Communications Equipm	3%
Health Care Equipment	3%
Health Care Providers	3%
Biotechnology	3%
Pharmaceuticals	3%
Banks	3%
Consumer Finance	3%
Electronic Equipment,	1%
Mortgage Real Estate	1%
Machinery	1%
Textiles, Apparel & L	1%
Hotels, Restaurants &	1%
Tobacco	1%

Country
United States	65%
Canada	19%
Israel	4%
Bermuda	3%
Brazil	1%
Colombia	1%
Ireland	1%
Peru	1%
Taiwan	1%
United Kingdom	1%

GPA	Sym	(0gpaamp5) Industry	Sector	MktCap	Country	Name
3.96	NEM	Metals & Mining	Materials	116353	US	Newmont
3.96	AEM	Metals & Mining	Materials	93617	Canada	Agnico Eagle Mines Limited
3.96	WPM	Metals & Mining	Materials	56183	Canada	Wheaton Precious Metals.
3.96	AU	Metals & Mining	Materials	45975	US	AngloGold Ashanti plc
3.96	KGC	Metals & Mining	Materials	37293	Canada	Kinross Gold
3.96	PAAS	Metals & Mining	Materials	22403	Canada	Pan American Silver.
3.96	NGD	Metals & Mining	Materials	7583	Canada	New Gold
3.96	OR	Metals & Mining	Materials	7154	Canada	OR Royalties
3.96	ORLA	Metals & Mining	Materials	4873	Canada	Orla Mining Ltd.
3.92	SCCO	Metals & Mining	Materials	131506	US	Southern Copper
3.92	RGLD	Metals & Mining	Materials	20580	US	Royal Gold,
3.92	AGI	Metals & Mining	Materials	17473	Canada	Alamos Gold
3.92	AG	Metals & Mining	Materials	8788	Canada	First Majestic Silver.
3.92	CGAU	Metals & Mining	Materials	3120	Canada	Centerra Gold
3.88	BVN	Metals & Mining	Materials	7927	Peru	Compa�fa de Minas Buenaventura
3.88	FSM	Metals & Mining	Materials	3057	Canada	Fortuna Mining.
3.84	FNV	Metals & Mining	Materials	43465	Canada	Franco-Nevada
3.84	TFPM	Metals & Mining	Materials	7189	Canada	Triple Flag Precious Metals Co
3.80	EGO	Metals & Mining	Materials	7618	Canada	Eldorado Gold
3.96	FIX	Construction & Engine	Industrials	34190	US	Comfort Systems USA,
3.84	APG	Construction & Engine	Industrials	16840	US	APi Group
3.80	PRIM	Construction & Engine	Industrials	6746	US	Primoris Services
3.80	GVA	Construction & Engine	Industrials	5207	US	Granite Constructionorpora
3.96	WWD	Aerospace & Defense	Industrials	19153	US	Woodward,
3.88	HWM	Aerospace & Defense	Industrials	84441	US	Howmet Aerospace
3.84	AIR	Aerospace & Defense	Industrials	3698	US	AAR.
3.92	VICR	Electrical Equipment	Industrials	6078	US	Vicor
3.80	THR	Electrical Equipment	Industrials	1257	US	Thermon Group Holdings,
3.96	FTAI	Trading Companies & D	Industrials	24494	US	FTAI Aviation Ltd.
3.88	AER	Trading Companies & D	Industrials	24451	Ireland	AerCap Holdings N.V.
3.80	REVG	Machinery	Industrials	3229	US	REV Group,
3.96	MU	Semiconductors & Semi	Information Technology	368064	US	Micron Technology,
3.96	NVMI	Semiconductors & Semi	Information Technology	11143	Israel	Nova Ltd.
3.92	TSM	Semiconductors & Semi	Information Technology	1383583	Taiwan	Taiwan Semiconductor Manufactu
3.92	CAMT	Semiconductors & Semi	Information Technology	5940	Israel	Camtek Ltd.
3.92	ACMR	Semiconductors & Semi	Information Technology	3191	US	ACM Research,
3.84	LRCX	Semiconductors & Semi	Information Technology	252412	US	Lam Research
3.84	ADI	Semiconductors & Semi	Information Technology	146485	US	Analog Devices,
3.84	MKSI	Semiconductors & Semi	Information Technology	12022	US	MKS
3.92	GILT	Communications Equipm	Information Technology	1098	Israel	Gilat Satellite Networks Ltd.
3.80	ONDS	Communications Equipm	Information Technology	5245	US	Ondas Holdings
3.92	TTMI	Electronic Equipment,	Information Technology	6909	US	TTM Technologies,
3.96	GS	Capital Markets	Financials	293275	US	The Goldman Sachs Group,
3.92	MS	Capital Markets	Financials	293514	US	Morgan Stanley
3.88	BK	Capital Markets	Financials	83717	US	The Bank of New York Mellon Co
3.80	EVR	Capital Markets	Financials	14143	US	Evercore
3.92	CIB	Banks	Financials	17723	Colombia	Grupo Cibest S.A.
3.84	NU	Banks	Financials	85331	Brazil	Nu Holdings Ltd.
3.84	OMF	Consumer Finance	Financials	8364	US	OneMain Holdings,
3.80	LC	Consumer Finance	Financials	2383	US	LendingClub
3.84	NLY	Mortgage Real Estate	Financials	15887	US	Annaly Capital Management,
3.92	PEN	Health Care Equipment	Health Care	12357	US	Penumbra,
3.88	GMED	Health Care Equipment	Health Care	12664	US	Globus Medical,
3.96	PACS	Health Care Providers	Health Care	6478	US	PACS Group,
3.80	ALHC	Health Care Providers	Health Care	4192	US	Alignment Healthcare,
3.96	KRYS	Biotechnology	Health Care	7218	US	Krystal Biotech,
3.92	KNSA	Biotechnology	Health Care	3163	United Kingdom	Kiniksa Pharmaceuticals Intern
3.96	LLY	Pharmaceuticals	Health Care	971658	US	Eli Lilly and Company
3.96	TBPH	Pharmaceuticals	Health Care	964	US	Theravance Biopharma,
3.96	CVNA	Specialty Retail	Consumer Discretionary	62591	US	Carvana
3.84	BOOT	Specialty Retail	Consumer Discretionary	5866	US	Boot Barn Holdings,
3.80	FIVE	Specialty Retail	Consumer Discretionary	10922	US	Five Below,
3.92	RL	Textiles, Apparel & L	Consumer Discretionary	22138	US	Ralph Lauren
3.96	VIK	Hotels, Restaurants &	Consumer Discretionary	32406	Bermuda	Viking Holdings Ltd
3.92	COCO	Beverages	Consumer Staples	3142	US	The Vita Coco Company,
3.88	MNST	Beverages	Consumer Staples	74840	US	Monster Beverage
3.96	TPB	Tobacco	Consumer Staples	1962	US	Turning Point Brands,
3.96	GOOG	Interactive Media & S	Communication Services	3930167	US	Alphabet
3.96	GOOGL	Interactive Media & S	Communication Services	3930167	US	Alphabet
3.92	RDDT	Interactive Media & S	Communication Services	48122	US	Reddit,
3.88	FTI	Energy Equipment & Se	Energy	20000	US	TechnipFMC plc
3.80	NBR	Energy Equipment & Se	Energy	942	Bermuda	Nabors Industries Ltd.

---

0GPA38TB (* means Wkly fast and slow Fract individually, stronger then SPY).

% Alloc	Sym	Name_currentList	Sym	Action	Sector	sharesHld	DlrHld	allocHld	Price
7%	ADI	ANALOG DEVICES	ADI		Information Technology	2	$601.9	6.0%	$300.93
7%	APH	AMPHENOL CORP CL A	APH		Information Technology	5	$700.8	7.0%	$140.16
7%	GOOG	Alphabet Inc Cl C	GOOG		Communication Services	2	$658.3	6.5%	$329.14
7%	GOOGL	Alphabet Inc Cl A	GOOGL		Communication Services	2	$657.1	6.5%	$328.57
7%	GS	GOLDMAN SACHS GROUP INC	GS		Financials	1	$939.0	9.3%	$938.98
7%	LLY	LILLY ELI & CO	LLY		Health Care	1	$1,063.6	10.5%	$1063.56
7%	LRCX	LAM RESEARCH CORP	LRCX		Information Technology	3	$655.1	6.5%	$218.36
7%	MS	MORGAN STANLEY	MS		Financials	4	$745.3	7.4%	$186.32
7%	MU	MICRON TECHNOLOGY INC	MU		Information Technology	2	$690.2	6.8%	$345.09
7%	NEM	NEWMONT MINING CORP	NEM		Materials	6	$653.9	6.5%	$108.99
7%	*PLTR	Palantir Technologies Inc	PLTR		Information Technology	4	$710.0	7.0%	$177.49
7%	RY	ROYAL BANK OF CANADA	RY		Financials	4	$676.8	6.7%	$169.19
7%	SCCO	SOUTHERN COPPER CORP	SCCO		Materials	4	$682.1	6.8%	$170.52
7%	TSM	TAIWAN SEMICONDUCTOR ADR	TSM		Information Technology	2	$647.3	6.4%	$323.63

---

These selected ETFs are ideas in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
growth	5.25	1	SMH	Semiconductors	Early to Mid Cycle	2026-01-09
growth	5.00	4	UPRO	SP500		2026-01-09
cyclical	5.00	5	XHE	Health Care Equipment	Late Cycle to Recession	2026-01-09
cyclical	5.00	4	XHS	Health Care Services	Late Cycle to Recession	2026-01-09
cyclical	5.00	1	IWM	Small Cap		2026-01-09
cyclical	5.00	2	VOX	Communication Services	Mid Cycle	2026-01-09
cyclical	4.50	4	XTN	Transportation*	Mid to Late cycle	2026-01-09
cyclical	4.50	4	XRT	Retail*	Mid to Early Cycle	2026-01-09
cyclical	4.50	7	KBE	Bank*		2026-01-09
cyclical	4.50	2	VAW	Materials*	Late and Early Cycle	2026-01-09
cyclical	5.25	7	SLV	Silver	Inflation	2026-01-09
cyclical	5.25	14	SLVP	Global Silver and Metals Miners	Inflation	2026-01-09
cyclical	5.25	6	RING	Gold Miners	Inflation	2026-01-09
cyclical	5.25	4	XME	Metals and Mining	Late Cycle to Recession	2026-01-09
cyclical	5.25	4	XBI	Biotech	Early to Mid Cycle	2026-01-09
cyclical	5.25	3	XTL	Telecom		2026-01-09
cyclical	5.25	1	XAR	Aerospace & Defense		2026-01-09
cyclical	5.25	9	XPH	Pharmaceuticals	Late Cycle to Recession	2026-01-09
cyclical	5.25	1	GLD	Gold	Inflation	2026-01-09

---

These selected ETFs are early signal in the current market environment. (* means 6 Month Grt < 0; + means 2 Month Grt < 0)

Style	% Alloc	Shares	Symbol	Name		Date
cyclical	5.25	7	SLV	Silver	Inflation	2026-01-09
cyclical	5.25	2	VAW	Materials*	Late and Early Cycle	2026-01-09
cyclical	5.25	10	XLB	Materials Select*	Late and Early Cycle	2026-01-09
cyclical	5.25	5	XHE	Health Care Equipment	Late Cycle to Recession	2026-01-09
cyclical	5.25	4	XME	Metals and Mining	Late Cycle to Recession	2026-01-09
cyclical	5.25	8	KBE	Bank*		2026-01-09
cyclical	5.25	14	SLVP	Global Silver and Metals Miners	Inflation	2026-01-09
cyclical	5.25	1	GLD	Gold	Inflation	2026-01-09
cyclical	5.25	5	XTN	Transportation*	Mid to Late cycle	2026-01-09
cyclical	5.25	6	RING	Gold Miners	Inflation	2026-01-09

---

These selected stocks are ideas in the current market environment. Weekly and Monthly Fract better than SPY. * means Wkly fast and slow Fract individually, stronger then SPY.

#	%Alloc	Share	Sym	Name	Industry	Date	GPA	Ver
1	100.00	9.9	*FIX	Comfort Systems USA, Inc.	Construction & Engineering	2026-01-09	3.96	2,3,4

---

These stocks are from S&P500 which have a stong Oscillator. Spy Osc=3

Symbol	Bound	Osc	Max Fract	Percent tile	Draw Down	Draw Down 7yr	cagr 7Yr	Name	cagr By dd	score
GOOGL*	0.51	29	1.1	92	-30	-34	29.40	Alphabet Inc.	86	14.8
GOOG*	0.52	28	1.1	94	-35	-34	29.55	Alphabet Inc.	86	14.6
CAH	0.58	11	1.0	99	-48	-22	23.24	Cardinal Health Inc.	105	6.4
APH	0.48	12	1.1	99	-34	-21	31.96	Amphenol Corporation	152	5.8
NDAQ	0.81	7	1.1	65	-52	-28	20.48	Nasdaq Inc.	73	5.7
TJX	0.81	7	1.2	82	-23	-21	18.79	The TJX Companies Inc.	89	5.7
PH	0.57	8	1.0	97	-44	-24	28.84	Parker-Hannifin Corporation	120	4.6
LLY*	0.51	7	1.3	76	-36	-21	37.03	Eli Lilly and Company	176	3.6
SPY	1.00	3	1.0	95	-33	-19	15.19	SNP500	79	3.0
WMT*	0.67	3	1.1	98	-24	-17	20.18	Walmart Inc.	118	2.0
JPM*	0.47	2	1.0	99	-34	-34	18.49	JPMorgan Chase & Co.	54	0.9
AAPL*	0.74	1	1.0	31	-37	-23	31.41	Apple Inc.	136	0.7
ISRG	0.54	1	1.1	65	-45	-39	19.11	Intuitive Surgical Inc.	49	0.5
RTX	0.57	11	0.9	48	-22	-22	16.68	RTX Corporation	75	6.3
KLAC	0.26	23	1.3	90	-38	-28	47.20	KLA Corporation	168	6.0
TSLA*	0.26	13	0.5	58	-53	-58	53.10	Tesla Inc.	91	3.4
JBL	0.38	2	1.0	95	-48	-30	37.73	Jabil Inc.	125	0.8
HUBB	0.40	1	0.9	72	-24	-20	24.35	Hubbell Incorporated	121	0.4
AMZN*	0.43	1	0.9	31	-40	-47	16.89	Amazon.com Inc.	35	0.4
GEV	0.28	-2	1.0	77	-27	-27	132.33	GE Vernova Inc.	490	-0.6
HWM	0.36	-4	1.6	88	-15	-15	62.62	Howmet Aerospace Inc.	417	-1.4
SNPS	0.29	-5	1.3	24	-27	-28	29.29	Synopsys Inc.	104	-1.5
AVGO*	0.19	-9	1.3	97	-23	-26	45.80	Broadcom Inc.	176	-1.7
MA*	0.61	-3	1.0	34	-39	-20	16.66	Mastercard Incorporated	83	-1.8
V*	0.71	-3	1.2	39	-27	-21	14.16	Visa Inc.	67	-2.1
EME	0.28	-8	1.2	91	-37	-30	39.47	EMCOR Group Inc.	131	-2.2
PWR	0.45	-5	0.9	79	-47	-22	44.70	Quanta Services Inc.	203	-2.3
ARES	0.35	-8	0.9	51	-32	-26	37.66	Ares Management Corporation	144	-2.8
LIN	0.45	-9	0.9	4	-20	-18	15.86	Linde plc	88	-4.1
WRB	0.48	-10	1.5	90	-24	-25	18.07	W. R. Berkley Corporation	72	-4.8
TDG	0.46	-11	1.1	41	-25	-31	21.98	TransDigm Group Incorporated	70	-5.1
MSFT*	0.74	-7	1.4	58	-29	-28	24.35	Microsoft Corporation	86	-5.2
ORCL*	0.25	-21	0.9	97	-28	-32	22.56	Oracle Corporation	70	-5.3
GWW	0.68	-8	0.7	53	-28	-21	20.45	W.W. Grainger Inc.	97	-5.4
ORLY	0.52	-11	1.1	42	-21	-15	22.31	O'Reilly Automotive Inc.	148	-5.7
FICO	0.36	-18	1.4	45	-28	-34	35.46	Fair Isaac Corporation	104	-6.5
AZO	0.38	-17	0.9	38	-22	-15	22.63	AutoZone Inc.	150	-6.5
NVDA*	0.45	-15	1.2	73	-58	-52	75.78	NVIDIA Corporation	145	-6.8
PANW	0.51	-14	0.9	52	-36	-26	28.78	Palo Alto Networks Inc.	110	-7.1
COST	0.51	-14	1.4	64	-27	-20	23.60	Costco Wholesale Corporation	118	-7.1
PGR	0.38	-21	1.6	61	-23	-17	19.65	The Progressive Corporation	115	-8.0
FTNT	0.45	-18	0.9	30	-36	-32	27.31	Fortinet Inc.	85	-8.1
META*	0.39	-24	1.4	13	-31	-31	130.45	Meta Platforms Inc.	420	-9.4
AJG	0.52	-18	1.6	44	-23	-21	20.13	Arthur J. Gallagher & Co.	95	-9.4
EXE	0.24	-44	0.4	72	-62	-21	46.67	Expand Energy Corporation	222	-10.6
MSI	0.61	-18	1.4	47	-20	-25	18.59	Motorola Solutions Inc.	74	-11.0
CTAS	0.85	-16	1.6	33	-25	-19	23.50	Cintas Corporation	123	-13.6
TMUS	0.69	-20	1.3	34	-20	-22	16.78	T-Mobile US Inc.	76	-13.8