Ahead of the New York market opening, the S&P 500 is projected to experience a loss of -0.07%, with futures up by 0.08% since the prior close. The cross-asset model indicates that the signal from Global Equities is the most bullish at +0.02%, while the Rates signal is the least bullish at -0.21%. Over the past 20 days, the S&P 500 has consistently underperformed relative to global assets correlated to risk sentiment, with a cumulative underperformance of -5.71%. In contrast, the S&P 500 High Beta Index has seen a decline of 14.4% over the last 12 days, while the Low Volatility Index has increased by 1.4%. Year-to-date, U.S. stocks represented by the Vanguard Total Stock Market ETF (VTI) are down 2.2%, while ex-U.S. stocks represented by the Vanguard FTSE All-World Ex-US ETF (VEU) are up 8.7%. Additionally, U.S. bonds (BND) have gained 2.2%, while ex-U.S. bonds (IAGG) have decreased by 0.4%. Weekly market signals have risen approximately 1% year-to-date, contrasting with a loss of 1.7% for the S&P 500 Index ($SPX).