Updated Models & Spotlight Charts 7/20/2025

All Eyes on Volatility This Week

The S&P 500 gained back its minor loss from the week before, advancing 0.59% this week with leadership from XLK, XLU, and XLI. Energy was the worst performing sector last week but the bullish data for oil still is present. The Crack Spread continues to rise (a Spotlight Chart from July 6th note) to the highest level since March 2024. Risk Appetite has also been improving, and the Maestro Model remains bullish. Volatility has my attention this week with a possible trigger in the VRT in the near future.

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Summary of Models

Index & Sector Performance Summary

Volatility Risk Trigger

VRT remains at 48, below the threshold for a signal but is very close to moving up to the trigger threshold.