ULTIMATE
ULTIMATE Daily Market Report
Last updated Tuesday, September 29, 2026 at 10:28 PM Pacific

Daily market intelligence

ULTIMATE Daily Market Report

Generated automatically each market day

Model positioning

Market Risk Assessment

Current Market Assessment Moderately High Risk
Updated Daily
Lower Market Risk Higher Market Risk
Target Equity Exposure 35.8%
Current S&P 500 7,670.84

The model currently indicates a moderately high risk market environment.

The display communicates the model’s current positioning without publishing its proprietary calculations, decision rules, or trigger levels.

ETF conditions

ETF Signal Dashboard

Exceptionally Strong / Strong 7
Moderate / Neutral 81
Weak / Exceptionally Weak 12

ETF Rankings — 3-Month Average ULTSCORE

Rank ETF Name Current ULTSCORE 3-Month Average ULTSCORE Current vs Avg
1 ITB iShares U.S. Home Construction 49.2 70.4 -21.2
2 IYR iShares U.S. Real Estate 35.9 65.6 -29.8
3 VNQ US REITs 35.8 65.6 -29.8
4 FREL Fidelity MSCI Real Estate 35.6 65.1 -29.5
5 XLRE Real Estate Select Sector SPDR 35.5 65.0 -29.5
6 USRT iShares Core U.S. REIT 35.1 64.8 -29.7
7 SCHH Schwab U.S. REIT 35.2 64.8 -29.6
8 VNQI Vanguard Global ex-U.S. Real Estate 42.4 64.3 -21.9
9 REET iShares Global REIT 39.9 63.2 -23.3
10 XRT SPDR S&P Retail 57.9 62.1 -4.2
11 XLY Consumer Discretionary Select Sector SPDR 58.9 61.3 -2.4
12 VBR Vanguard Small-Cap Value 47.2 60.7 -13.5
13 SCHP Schwab U.S. TIPS 55.8 60.1 -4.3
14 TIP iShares TIPS Bond 55.7 60.0 -4.3
15 VCSH Vanguard Short-Term Corporate Bond 36.4 59.1 -22.7
16 SCHD Schwab U.S. Dividend Equity 61.0 58.9 +2.0
17 INDA iShares MSCI India 56.7 58.6 -1.9
18 XLB Materials Select Sector SPDR 66.4 58.5 +7.9
19 VTV Vanguard Value 47.1 58.4 -11.2
20 XLC Communication Services Select Sector SPDR 55.9 58.2 -2.3
21 IWD iShares Russell 1000 Value 46.7 58.0 -11.3
22 XLF Financial Select Sector SPDR 55.6 58.0 -2.4
23 MCHI iShares MSCI China 54.8 57.9 -3.1
24 DBC Invesco DB Commodity Index Tracking 69.7 57.8 +12.0
25 PDBC Invesco Optimum Yield Diversified Commodity Strategy 69.5 57.6 +11.9
26 BCI abrdn Bloomberg All Commodity Strategy K-1 Free 69.5 57.5 +12.1
27 GSG iShares S&P GSCI Commodity-Indexed Trust 69.4 57.4 +12.0
28 COMT iShares GSCI Commodity Strategy 69.4 57.4 +11.9
29 FTGC First Trust Global Tactical Commodity Strategy 69.5 57.2 +12.3
30 VB Vanguard Small-Cap 48.2 56.7 -8.4
31 KRE SPDR S&P Regional Banking 56.4 56.5 -0.1
32 IJR iShares Core S&P Small-Cap 48.4 56.5 -8.1
33 USMV iShares MSCI USA Min Vol Factor 47.7 56.4 -8.7
34 VIG Vanguard Dividend Appreciation 59.7 56.4 +3.3
35 VO Vanguard Mid-Cap 50.5 56.2 -5.7
36 SCZ iShares MSCI EAFE Small-Cap 55.7 56.0 -0.3
37 IWM Russell 2000 47.7 56.0 -8.2
38 MDY SPDR S&P MidCap 400 50.4 55.9 -5.5
39 VSS Vanguard FTSE All-World ex-US Small-Cap 55.2 55.6 -0.4
40 VYM Vanguard High Dividend Yield 53.5 55.6 -2.1
41 VGK Vanguard FTSE Europe 54.7 55.3 -0.6
42 RSP Invesco S&P 500 Equal Weight 53.0 55.2 -2.2
43 XLE Energy Select Sector SPDR 45.3 55.1 -9.8
44 VWO Vanguard FTSE Emerging Markets 58.2 54.9 +3.3
45 EFV iShares MSCI EAFE Value 50.2 54.7 -4.5
46 XME SPDR S&P Metals and Mining 64.9 54.5 +10.4
47 JNK SPDR Bloomberg High Yield Bond 44.8 54.5 -9.6
48 HYG High Yield Credit 44.8 54.4 -9.6
49 VCIT Vanguard Intermediate-Term Corporate Bond 28.8 54.4 -25.6
50 GLD Gold 64.0 54.1 +9.9
51 IAU iShares Gold Trust 64.0 54.1 +9.9
52 SGOL abrdn Physical Gold Shares 63.9 54.0 +9.9
53 USO Oil 44.2 54.0 -9.8
54 LQD Investment Grade Credit 27.3 53.8 -26.5
55 XLI Industrial Select Sector SPDR 53.3 53.2 +0.0
56 EEM Emerging Markets 56.1 53.0 +3.1
57 MUB iShares National Muni Bond 33.1 52.5 -19.4
58 VUG Vanguard Growth 46.6 52.4 -5.8
59 BND Vanguard Total Bond Market 29.9 52.4 -22.5
60 AGG iShares Core U.S. Aggregate Bond 29.8 52.3 -22.5
61 XBI SPDR S&P Biotech 29.7 52.1 -22.4
62 PAVE Global X U.S. Infrastructure Development 53.3 52.0 +1.4
63 IEMG iShares Core MSCI Emerging Markets 55.0 51.9 +3.1
64 IBB iShares Biotechnology 32.7 51.2 -18.5
65 ITA iShares U.S. Aerospace & Defense 52.8 50.8 +2.0
66 EFA iShares MSCI EAFE 63.3 50.8 +12.5
67 QUAL iShares MSCI USA Quality Factor 54.8 50.5 +4.3
68 SHY iShares 1-3 Year Treasury Bond 41.0 50.4 -9.3
69 ACWX iShares MSCI ACWI ex U.S. 62.7 50.3 +12.3
70 VEU Vanguard FTSE All-World ex-US 62.7 50.3 +12.4
71 VEA Vanguard FTSE Developed Markets 62.5 50.1 +12.4
72 EFG iShares MSCI EAFE Growth 54.3 50.0 +4.3
73 ACWI iShares MSCI ACWI 56.2 49.9 +6.3
74 IEFA iShares Core MSCI EAFE 62.4 49.8 +12.6
75 VSGX Vanguard ESG International Stock 61.9 49.6 +12.3
76 SGOV iShares 0-3 Month Treasury Bond 49.3 49.6 -0.3
77 XLU Utilities Select Sector SPDR 52.3 49.6 +2.7
78 BIL SPDR Bloomberg 1-3 Month T-Bill 49.3 49.5 -0.3
79 VXUS Vanguard Total International Stock 61.9 49.5 +12.4
80 SCHF Schwab International Equity 61.7 49.2 +12.4
81 IXUS iShares Core MSCI Total International Stock 61.5 49.1 +12.3
82 EWJ iShares MSCI Japan 59.5 49.0 +10.4
83 VTI Vanguard Total Stock Market 55.9 49.0 +6.9
84 SPY S&P 500 55.6 48.8 +6.8
85 VYMI Vanguard International High Dividend Yield 60.9 48.8 +12.1
86 IWF iShares Russell 1000 Growth 44.3 48.5 -4.3
87 BNDX Vanguard Total International Bond 40.4 48.5 -8.1
88 IGF iShares Global Infrastructure 53.9 48.0 +5.9
89 MTUM iShares MSCI USA Momentum Factor 33.2 47.2 -14.1
90 XLP Consumer Staples Select Sector SPDR 61.5 47.1 +14.3
91 XPH SPDR S&P Pharmaceuticals 54.3 46.5 +7.8
92 IEI iShares 3-7 Year Treasury Bond 24.5 46.1 -21.6
93 XLV Health Care Select Sector SPDR 62.3 45.3 +17.0
94 QQQ Nasdaq 100 48.7 45.2 +3.5
95 GOVT iShares U.S. Treasury Bond 23.0 45.0 -22.0
96 VGT Vanguard Information Technology 48.5 44.6 +3.9
97 XLK Technology Select Sector SPDR 48.0 44.1 +3.9
98 IEF iShares 7-10 Year Treasury Bond 19.1 43.6 -24.6
99 SMH VanEck Semiconductor 49.1 41.9 +7.2
100 TLT 20+ Year Treasuries 13.9 41.1 -27.2
Exceptionally Strong ETFs 0

No exceptionally strong ETFs.

Strong ETFs 7
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
DBC Invesco DB Commodity Index Tracking 69.7 64.8 57.8 60.0
BCI abrdn Bloomberg All Commodity Strategy K-1 Free 69.5 64.7 57.5 59.6
FTGC First Trust Global Tactical Commodity Strategy 69.5 64.6 57.2 59.4
PDBC Invesco Optimum Yield Diversified Commodity Strategy 69.5 64.6 57.6 59.8
GSG iShares S&P GSCI Commodity-Indexed Trust 69.4 64.6 57.4 59.7
COMT iShares GSCI Commodity Strategy 69.4 64.5 57.4 59.6
XLB Materials Select Sector SPDR 66.4 67.6 58.5 59.4
Moderately Favorable ETFs 34
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
XME SPDR S&P Metals and Mining 64.9 61.1 54.5 55.7
GLD Gold 64.0 55.6 54.1 48.1
IAU iShares Gold Trust 64.0 55.5 54.1 48.1
SGOL abrdn Physical Gold Shares 63.9 55.4 54.0 48.0
EFA iShares MSCI EAFE 63.3 51.1 50.8 51.0
VEU Vanguard FTSE All-World ex-US 62.7 50.5 50.3 50.5
ACWX iShares MSCI ACWI ex U.S. 62.7 50.5 50.3 50.6
VEA Vanguard FTSE Developed Markets 62.5 50.3 50.1 50.2
IEFA iShares Core MSCI EAFE 62.4 50.1 49.8 50.0
XLV Health Care Select Sector SPDR 62.3 51.0 45.3 47.3
VSGX Vanguard ESG International Stock 61.9 49.8 49.6 49.9
VXUS Vanguard Total International Stock 61.9 49.6 49.5 49.7
SCHF Schwab International Equity 61.7 49.5 49.2 49.5
IXUS iShares Core MSCI Total International Stock 61.5 49.3 49.1 49.3
XLP Consumer Staples Select Sector SPDR 61.5 51.9 47.1 47.9
SCHD Schwab U.S. Dividend Equity 61.0 60.6 58.9 58.1
VYMI Vanguard International High Dividend Yield 60.9 49.0 48.8 48.6
VIG Vanguard Dividend Appreciation 59.7 57.9 56.4 55.9
EWJ iShares MSCI Japan 59.5 49.2 49.0 49.1
XLY Consumer Discretionary Select Sector SPDR 58.9 60.6 61.3 61.8
VWO Vanguard FTSE Emerging Markets 58.2 52.9 54.9 54.4
XRT SPDR S&P Retail 57.9 60.8 62.1 62.8
INDA iShares MSCI India 56.7 58.7 58.6 58.2
KRE SPDR S&P Regional Banking 56.4 49.1 56.5 53.7
ACWI iShares MSCI ACWI 56.2 51.7 49.9 51.4
EEM Emerging Markets 56.1 50.9 53.0 52.6
XLC Communication Services Select Sector SPDR 55.9 57.9 58.2 58.8
VTI Vanguard Total Stock Market 55.9 50.9 49.0 50.7
SCHP Schwab U.S. TIPS 55.8 62.8 60.1 58.7
TIP iShares TIPS Bond 55.7 62.8 60.0 58.7
SCZ iShares MSCI EAFE Small-Cap 55.7 52.7 56.0 55.3
SPY S&P 500 55.6 50.7 48.8 50.5
XLF Financial Select Sector SPDR 55.6 51.6 58.0 55.7
VSS Vanguard FTSE All-World ex-US Small-Cap 55.2 52.2 55.6 54.7
Neutral ETFs 32
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
IEMG iShares Core MSCI Emerging Markets 55.0 49.8 51.9 51.5
MCHI iShares MSCI China 54.8 57.7 57.9 57.0
QUAL iShares MSCI USA Quality Factor 54.8 50.5 50.5 51.6
VGK Vanguard FTSE Europe 54.7 49.9 55.3 54.4
EFG iShares MSCI EAFE Growth 54.3 47.7 50.0 50.3
XPH SPDR S&P Pharmaceuticals 54.3 48.8 46.5 47.5
IGF iShares Global Infrastructure 53.9 48.4 48.0 48.5
VYM Vanguard High Dividend Yield 53.5 56.3 55.6 54.4
PAVE Global X U.S. Infrastructure Development 53.3 54.4 52.0 52.4
XLI Industrial Select Sector SPDR 53.3 55.4 53.2 53.6
RSP Invesco S&P 500 Equal Weight 53.0 55.5 55.2 54.8
ITA iShares U.S. Aerospace & Defense 52.8 53.6 50.8 51.2
XLU Utilities Select Sector SPDR 52.3 52.2 49.6 48.6
VO Vanguard Mid-Cap 50.5 55.2 56.2 55.5
MDY SPDR S&P MidCap 400 50.4 55.1 55.9 55.1
EFV iShares MSCI EAFE Value 50.2 49.2 54.7 53.7
SGOV iShares 0-3 Month Treasury Bond 49.3 49.3 49.6 50.2
BIL SPDR Bloomberg 1-3 Month T-Bill 49.3 49.2 49.5 50.1
ITB iShares U.S. Home Construction 49.2 63.0 70.4 66.9
SMH VanEck Semiconductor 49.1 46.6 41.9 43.9
QQQ Nasdaq 100 48.7 46.1 45.2 47.6
VGT Vanguard Information Technology 48.5 47.6 44.6 46.3
IJR iShares Core S&P Small-Cap 48.4 54.8 56.5 55.6
VB Vanguard Small-Cap 48.2 54.8 56.7 55.7
XLK Technology Select Sector SPDR 48.0 47.2 44.1 45.9
USMV iShares MSCI USA Min Vol Factor 47.7 52.7 56.4 55.5
IWM Russell 2000 47.7 54.2 56.0 55.0
VBR Vanguard Small-Cap Value 47.2 58.0 60.7 59.0
VTV Vanguard Value 47.1 56.3 58.4 57.1
IWD iShares Russell 1000 Value 46.7 55.9 58.0 56.9
VUG Vanguard Growth 46.6 50.7 52.4 53.7
XLE Energy Select Sector SPDR 45.3 56.0 55.1 53.1
Moderately Unfavorable ETFs 15
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
JNK SPDR Bloomberg High Yield Bond 44.8 50.9 54.5 53.8
HYG High Yield Credit 44.8 50.9 54.4 53.8
IWF iShares Russell 1000 Growth 44.3 48.1 48.5 48.6
USO Oil 44.2 51.4 54.0 52.0
VNQI Vanguard Global ex-U.S. Real Estate 42.4 54.2 64.3 59.4
SHY iShares 1-3 Year Treasury Bond 41.0 48.3 50.4 50.2
BNDX Vanguard Total International Bond 40.4 45.4 48.5 48.3
REET iShares Global REIT 39.9 53.6 63.2 58.5
VCSH Vanguard Short-Term Corporate Bond 36.4 51.8 59.1 57.5
IYR iShares U.S. Real Estate 35.9 55.0 65.6 60.4
VNQ US REITs 35.8 55.0 65.6 60.4
FREL Fidelity MSCI Real Estate 35.6 54.6 65.1 59.8
XLRE Real Estate Select Sector SPDR 35.5 54.5 65.0 59.7
SCHH Schwab U.S. REIT 35.2 54.3 64.8 59.6
USRT iShares Core U.S. REIT 35.1 54.3 64.8 59.6
Weak ETFs 10
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
MTUM iShares MSCI USA Momentum Factor 33.2 42.0 47.2 47.0
MUB iShares National Muni Bond 33.1 46.8 52.5 51.5
IBB iShares Biotechnology 32.7 44.0 51.2 51.4
BND Vanguard Total Bond Market 29.9 45.6 52.4 51.2
AGG iShares Core U.S. Aggregate Bond 29.8 45.6 52.3 51.1
XBI SPDR S&P Biotech 29.7 43.8 52.1 51.8
VCIT Vanguard Intermediate-Term Corporate Bond 28.8 46.3 54.4 52.9
LQD Investment Grade Credit 27.3 45.4 53.8 52.1
IEI iShares 3-7 Year Treasury Bond 24.5 44.4 46.1 47.4
GOVT iShares U.S. Treasury Bond 23.0 43.4 45.0 46.5
Exceptionally Weak ETFs 2
ETF Name ULTSCORE 1-Month Avg 3-Month Avg 6-Month Avg
IEF iShares 7-10 Year Treasury Bond 19.1 41.9 43.6 45.4
TLT 20+ Year Treasuries 13.9 39.2 41.1 43.1

Individual equity analysis

ULTIMATE Public Equities

Public equities are ranked by ULTSCORE, the universal ULTIMATE 0–100 assessment of current investment attractiveness. ULTSCORE incorporates causal positioning, market confirmation, risk, liquidity, valuation, and other security-level considerations. Higher ULTSCORE values indicate stronger current alignment with the ULTIMATE methodology.

Rank Ticker Sector ULTSCORE ULTSCORE Classification
1 PRGO Health Care 67.5 Strong
2 SRPT Health Care 67.3 Strong
3 INSP Health Care 65.6 Strong
4 MKTX Finance 64.9 Moderately Favorable
5 AMPH Health Care 64.9 Moderately Favorable
6 NEOG Health Care 64.9 Moderately Favorable
7 ELV Health Care 64.7 Moderately Favorable
8 MDT Health Care 64.7 Moderately Favorable
9 ILMN Health Care 64.5 Moderately Favorable
10 SNAP Technology 64.5 Moderately Favorable
11 IT Consumer Discretionary 64.5 Moderately Favorable
12 ATEC Health Care 64.5 Moderately Favorable
13 PSKY Industrials 64.5 Moderately Favorable
14 SMMT Health Care 64.4 Moderately Favorable
15 ISRG Health Care 64.4 Moderately Favorable
16 PFE Health Care 64.4 Moderately Favorable
17 RMD Health Care 64.2 Moderately Favorable
18 UHS Health Care 64.2 Moderately Favorable
19 ZTS Health Care 64.2 Moderately Favorable
20 SDGR Health Care 64.1 Moderately Favorable

Showing 20 of 2361 securities.

Strategic infrastructure

ULTIMATE AI Infrastructure

The AI Infrastructure engine evaluates companies positioned within critical AI-enabling infrastructure, including semiconductors, networking, data centers, electrical systems, power generation, grid infrastructure, and related bottlenecks. Companies are ranked by ULTSCORE, the universal ULTIMATE 0–100 assessment of current investment attractiveness.

Rank Company Ticker Category ULTSCORE ULTSCORE Classification
1 Meta Platforms META Cloud / AI Data Centers 82.5 Exceptionally Strong
2 NVIDIA NVDA AI Semiconductors 81.7 Exceptionally Strong
3 Microsoft MSFT Cloud / AI Data Centers 80.7 Exceptionally Strong
4 Amazon AMZN Cloud / AI Data Centers 78.0 Strong
5 Oracle ORCL Cloud / AI Data Centers 77.8 Strong
6 Advanced Micro Devices AMD AI Semiconductors 77.7 Strong
7 Bloom Energy BE Data Center Power / Fuel Cells 77.4 Strong
8 Taiwan Semiconductor TSM Foundry 77.4 Strong
9 Arista Networks ANET Networking / Optical Interconnect 77.0 Strong
10 Vertiv VRT Data Center Power / Cooling 76.9 Strong
11 Super Micro Computer SMCI AI Servers / Systems 76.6 Strong
12 Alphabet / Google GOOGL Cloud / AI Data Centers 76.5 Strong
13 Marvell Technology MRVL Networking / Optical Interconnect 76.5 Strong
14 Lumentum LITE Networking / Optical Interconnect 76.0 Strong
15 Schneider Electric SBGSY Electrical Infrastructure 75.6 Strong
16 Dell Technologies DELL AI Servers / Systems 75.5 Strong
17 ASML Holding ASML Semiconductor Equipment 75.2 Strong
18 Constellation Energy CEG Nuclear / Power 75.1 Strong
19 Eaton ETN Electrical Infrastructure 75.0 Strong
20 Amphenol APH Networking / Optical Interconnect 74.6 Strong

Showing 20 of 40 companies.

Important Disclosures

This website is a decision-support and research interface. It does not guarantee returns or market turning points.

Portfolio outputs are model-driven and may differ from actual investment results. Historical and simulated results do not guarantee future performance.

For research and educational purposes only. Not investment, tax, or legal advice.