Today marks one year of The Daily Number.

When I started this note, I had one goal. Share one piece of market truth each day. No noise. No drama. Just data. Something useful traders could read in under two minutes and walk away sharper.

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Today's number is... 5.8

The High–Low Logic Index just hit 5.8, its highest reading of 2025.

Here’s the chart:

Let's break down what the chart shows: 

• The top panel displays the...

Today's number is... 2

Two key market models are both green right now. One tracks the tape. One tracks credit pressure.

Here’s the chart:

Let's break down what the chart shows: 

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