The Fred Report – Monthly January 2026

Equities had a yearend rally. Key indexes such as Transportations showed strong improvement in December, suggesting the possibility that these could advance. We are a bit surprised that the market is broadening out – but this is bullish now and could bode well for 2026.

The Fred Report – Monthly December 2025

Breadth has improved in the last week or so – we had a Zweig breadth in April and could see another one in the next five days.