Markets rotate across eight macro regimes. The factor that leads depends on which regime the market is in.Momentum and small caps in expansions, quality and defense in stress — leadership shifts with the cycle. Every Sunday we score inflation, the business cycle, and risk on-off across 132 macro indicators to tell you which regime is live, and how to be positioned for it.
MSCI Factor Strategies · Across Regimes
rebased 100 · ranked by perf
Illustrative example, not a live-tracked series. Ranked top-down by ending performance; bands are the eight-regime spectrum.
Growth of $10,000 · Regime-Managed vs S&P
55% crisis downside capture
Illustrative example, not a client account or live-tracked strategy. Bands are the eight-regime spectrum.
Chicago Fed · weekly · 0 = average · above 0 = tighter than normal
Indicators Matrix · Weighted Macro Read
Indicator
Weight
Reading
Signal · risk-off ← → risk-on
Impact
Composite Macro Score · History
weighted sum of the Indicators Matrix above · −100 risk-off … +100 risk-on · hover for weekly detail
Asset Allocation Rank · Cross-Asset
cross-asset preference for the current regime
#
Asset Class
Stance
Conviction · UW ← → OW
YTD
Role in R7
Asset Allocation History
top 5 conviction movers each week · full trajectory
Asset Allocation Heatmap
conviction score by asset, every tracked week
Factor ETFs · 1-Year
SPMO · QUAL · SPLV · SPHB · IWM — rebased to 100
SPMO · momentumQUAL · qualitySPLV · low volatilitySPHB · high betaIWM · small caps
MSCI Factor Picks · Regime Tilts
regime stance · performance YTD & 1Y
MSCI Factor
R7 stance
YTD
1Y
Rationale
Price Performance · 1-Year
SPY · RSP · HYG · JNK — rebased to 100
SPY · S&P 500 cap-wtRSP · S&P 500 equal-wtHYG · high yieldJNK · high yield
S&P 500 Sectors · Health & Performance
Sector
Wt %
Health
Trend
RSI
RS·3mo
Breadth >200DMA
P/E
YTD
1Y
Market-Cap Concentration · Breadth
Change in market cap since Jan 1, 2026 · $bn
S&P AIS&P EnergyS&P ex AI & EnergyS&P 500 (net)
Markets rotate across eight macro regimes. The factor that leads depends on which regime the market is in.
Every Sunday, TrueMacroSignal scores the three axes — inflation, risk, and the business cycle — and resolves them into one of eight regimes, with a position-sizing call you can act on Monday morning.
The strategy
▸Eight macro regimes scored from inflation, risk, and the business cycle — a systematic read, not a hot take.
▸The Earnings Revision Index leads the regime by 6–10 weeks, flagging turns early.
▸A weighted 14-indicator composite — breadth, credit spreads, ISM, fiscal, real yields and more — distilled into one risk read.
▸Posture ranked to the live regime across assets, factors and sectors.
▸Breadth and credit-stress telltales surface risk before it shows up in price.
In your Sunday reading
▸The week's regime, confidence score, and the most likely next regime.
▸Overweight / underweight posture by asset and factor, plus the portfolio-exposure call.
▸The full signal table with trend direction, delivered before Monday's open.
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The Sunday reading
The full regime dashboard and weekly position-sizing call, in your inbox before Monday's open.
First reading this Sunday · no card required · cancel anytime
Educational research, not investment advice. Readings shown are an illustrative latest snapshot.
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Stance legend
OW++Strongly overweight — highest-conviction add
OWOverweight — above the regime's neutral weight
NNeutral — held at benchmark weight
UWUnderweight — below the regime's neutral weight
UW-Strongly underweight — highest-conviction cut
Macro environment legend
↑Green — supportive for the current regime
↑Amber — worth watching, not yet a problem
↑Red — working against the current regime call
Inflation — pricing pressure direction Cycle — where the business cycle sits Liquidity — system-wide funding conditions Credit — corporate borrowing stress (spreads) Valuation — how expensive equities are Volatility — realized/implied market vol Breadth — how many stocks are participating Seasonality — historical calendar tailwind/headwind
Market Fragility Index — three gauges
①Current stress — how brittle conditions are right now, 0–100. Under 33 is Calm, 33–66 is Watch, above 66 is Elevated.
②Momentum — the direction stress is moving in, −100 to +100. Negative is Improving, 0–40 is Rising, above 40 is Accelerating.
③Probability of instability — odds the current stress becomes disorderly, 0–100. Same Calm / Watch / Elevated bands as Current stress.
The badge above the gauges (e.g. "Calm but brittle") is a plain-English read of all three together, not a fourth score.
TRUEMACROSIGNALCopilot
Ask about the macro environment, the regime read, the MFI, or the published positioning — grounded in the live feed.
TrueMacroSignal Copilot answers from the live model feed. Educational research, not investment advice; no personalized recommendations. Responses may contain errors — verify against the Board.