August 2026 · live

Trend intact, fully invested.

You are fully in stocks this month. The rest waits in cash rather than bonds: hot inflation can sink both at once. A place to stand, not a guess about what comes next.

The Climate ReadingAugust 2026
Trend intact, fully invested.You are fully in stocks this month. The rest waits in cash rather than bonds: hot inflation can sink both at once. A place to stand, not a guess about what comes next.
Valuation · Excess Owner's YieldExtreme
CheapFairExpensiveExtreme
Trend · 89-day EMAIntact
BrokenIntact
VolatilityCalm
ComplacentCalmChoppyStorm
InflationHot
CoolHot
The posture
99%Growth · SPY0%Anchor · IEF1%Dry Powder · BIL
The readings
Trend vs 89-day EMAIntact (+3.47%)
Excess Owner's Yield (vs real Treasury)-0.50% · 100 of 100
Realized volatility (63-day, annualized)13.34%
Stock scale (target / realized)99%
Real 10-year Treasury2.34%
CPI year-over-year3.54%

This is the reading for August 2026. See the live reading and how it is read.

How to cite: 17 Years, “The Climate Reading, August 2026,” 17years.org/climate/2026-08.