Equity Clock - Market Outlook for July 23, 2026

The change in margin debt is suggesting a risk to the market should leverage be forced to unwind.

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

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Stock Highlight:
Benz Mining Corp. (TSXV:BZ.V) Seasonal Chart	Optimal holding period from July 23th to October 15th The stock is curling higher from support at its 50-week moving average (1.89), resuming a long-term rising trend The period of strength for Gold tends to bode well for the stock through the third quarter

The Travelers Cos., Inc. (NYSE:TRV) Seasonal Chart

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (NASD:AGZD) Seasonal Chart

South State Corp. (NYSE:SSB) Seasonal Chart

iShares Canadian Value Index ETF (TSE:XCV.TO) Seasonal Chart

Vanguard Total Bond Market ETF (NASD:BND) Seasonal Chart

iShares MBS ETF (NASD:MBB) Seasonal Chart

ProShares Merger ETF (AMEX:MRGR) Seasonal Chart

Invesco DB US Dollar Index Bullish Fund (NYSE:UUP) Seasonal Chart

Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.