The BRICS ETF flips from floor to ceiling - Cracks in the Comeback?
Global Cycles Watch | Chart of the Day: BRICS iShares BIC 50 ETF | 15. August 2026
The summer’s loudest floor call has traveled all the way to the ceiling as the BRICS ETF tops the warning list
Bulls won the week. The July inflation data cooled against June on both the consumer and producer side, following the soft July jobs report from the prior Friday, and expectations for a September Fed hike faded further. The AI boom supplied the rest. A heavy slate of tech earnings from Applied Materials, Cisco, CoreWeave, Nebius and others read bullish on the infrastructure buildout, Cisco spoke of a “networking supercycle”, and several operators emphasized improving returns on their AI capital spending. Workday jumped on Thursday after a report that Silver Lake is considering a buyout, a sign that value buyers are circling the legacy software names the market had written off. The counterweight came from the Middle East, where Brent spiked on Monday and Tuesday as Washington and Tehran drifted further apart before the pressure eased late in the week.
Into that risk-on close to the week, our cycle model turns its warning list international. The day’s story is the BRICS 50 ETF. In early July it carried the model’s strongest bottoming reading, meaning the market was in a time window where the decline could end, and a recovery of more than ten percent off the July low followed. Today the same ETF crosses to the topping side, a time window where the rise could stall or reverse, at the model’s strongest possible bearish reading, with India’s Nifty 50 and the German DAX standing close behind. On the other side of the table the real-asset complex, from gold and silver through the miners to uranium, consolidates the cyclical floor it confirmed in early August. Both legs of that call are on the record: the gold turn flagged on August 5 and the silver confirmation that followed on August 9. The rate complex leans exactly where the week’s inflation data pushed.
Our daily analysis filters roughly 45 global markets and condenses every detected cycle into a single Consensus Score between -100 and +100, where +100 is the highest score the model gives for a possible upward turn and -100 for a possible downward turn. Values beyond ±60 mark the critical zone, a critical reading at which the cycle model raises the alarm for a possible turn. Today the scan shows eleven markets in the critical bottoming zone and seven in the critical topping zone. Let’s take a closer look.
