GTI Premium Spreadsheet, 30 January 2026
What a week in markets. Global Trends takes no sides and buys no narrative, it simply tells us what is beating the index, and what isn't.
This week, there were 30 new Bear Trends, which have a score of 0 and made a new 30-week low relative to the index (CAPR). These are the weakest stocks in the market, and the list includes Microsoft (MSFT), which fell 10% in a day following results, the second-largest drop in market cap terms by any company in history.
There were another 54 stocks which made a new score of 0, but didn't make a new 30-week CAPR low, such as investor favourites United Health (UNH) and Waste Management (WM).
At the positive end, there were 24 new Leading Trends, with new 30-week highs and a new score of 5. This is not a bucket of tech stocks - but includes energy, defence, healthcare, and telecoms, classic defensive sectors. The old world is making a comeback.
