Monthly Report

The Fred Report – Monthly February 2026

It still looks like a decline in the first part of the year and a strong end to 2026. We are cautious, as the average decline in a midterm election year is around 18%.

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.