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Three optical names carry the week while the quality spread sits at its 3rd percentile

The Optical Interconnect basket, four names, finished the week +13.6% against the S&P, a +1.3 z reading and the 91st percentile of the trailing year.

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September 2026

8 briefs

  1. Three optical names carry the week while the quality spread sits at its 3rd percentile

  2. Momentum's short leg does the damage: spread -12.8% against the S&P over 60 sessions

  3. AI hardware names carry the week while the same names weigh on quality's short leg

  4. Quality's long leg breaks on single names as the tech tape splits between memory and software

  5. AI software basket trails the S&P by 5.2% on the week as the design names slide

  6. Index rallies 1.1% while half the S&P sits above its 50-day

  7. Quality's short leg does the damage as Industrials post their eighth-worst week since 2020

  8. A quiet tape — no unusual factor moves

August 2026

20 briefs

  1. A quiet tape — no unusual factor moves

  2. A quiet tape — no unusual factor moves

  3. Value stood out: -1.7% vs the index over 1 session

    Value 1d vs S&P: -1.7% (-2.0σ, 2nd pctile)

  4. A quiet tape — no unusual factor moves

  5. Since yesterday: momentum back inside 2σ (5d)

  6. Momentum stood out: -3.6% vs the index over 5 sessions

    Momentum 5d vs S&P: -3.6% (-2.0σ, 3rd pctile)

  7. A quiet tape — no unusual factor moves

  8. A quiet tape — no unusual factor moves

  9. A quiet tape — no unusual factor moves

  10. High beta stood out: -2.9% vs the index over 1 session

    High beta 1d vs S&P: -2.9% (-2.4σ, 3rd pctile)

  11. A quiet tape — no unusual factor moves

  12. A quiet tape — no unusual factor moves

  13. A quiet tape — no unusual factor moves

  14. A quiet tape — no unusual factor moves

  15. A quiet tape — no unusual factor moves

  16. A quiet tape — no unusual factor moves

  17. Momentum stood out: -6.2% vs the index over 20 sessions

    Momentum 20d vs S&P: -6.2% (-2.1σ, 4th pctile)

  18. Momentum stood out: -6.8% vs the index over 20 sessions

    Momentum 20d vs S&P: -6.8% (-2.3σ, 2nd pctile)

  19. Dividend yield's worst five-day run against the index in a year

    Dividend yield 5d vs S&P: -6.6% (-3.2σ, 0th pctile)

  20. Quality's best one-day run against the index in a year

    Quality 1d vs S&P: +1.1% (+3.1σ, 100th pctile)

July 2026

22 briefs

  1. Since yesterday: highbeta back inside 2σ (5d)

  2. Dividend yield's worst one-day run against the index in a year

    Dividend yield 1d vs S&P: -3.3% (-3.4σ, 0th pctile)

  3. High beta's worst five-day run against the index in a year

    High beta 5d vs S&P: -8.9% (-3.9σ, 0th pctile)

  4. High beta's worst five-day run against the index in a year

    High beta 5d vs S&P: -7.1% (-3.1σ, 0th pctile)

  5. High beta's worst 20-day run against the index in a year

    High beta 20d vs S&P: -8.0% (-2.3σ, 1st pctile)

  6. Momentum's worst 20-day run against the index in a year

    Momentum 20d vs S&P: -8.3% (-3.1σ, 0th pctile)

  7. Momentum stood out: +3.9% vs the index over 5 sessions

    Momentum 5d vs S&P: +3.9% (+2.1σ, 97th pctile)

  8. Rotation flag: highbeta went top→bottom quartile in 20 trading days

  9. Momentum's best one-day run against the index in a year

    Momentum 1d vs S&P: +2.6% (+2.7σ, 100th pctile)

  10. Momentum's worst 20-day run against the index in a year

    Momentum 20d vs S&P: -7.8% (-3.0σ, 0th pctile)

  11. Momentum stood out: -4.0% vs the index over 5 sessions

    Momentum 5d vs S&P: -4.0% (-2.6σ, 2nd pctile)

  12. Momentum's worst five-day run against the index in a year

    Momentum 5d vs S&P: -5.1% (-3.3σ, 1st pctile)

  13. Momentum stood out: -1.9% vs the index over 1 session

    Momentum 1d vs S&P: -1.9% (-2.2σ, 4th pctile)

  14. Rotation flag: highbeta went top→bottom quartile in 20 trading days

  15. High beta stood out: -2.2% vs the index over 1 session

    High beta 1d vs S&P: -2.2% (-2.1σ, 3rd pctile)

  16. Rotation flag: highbeta went top→bottom quartile in 20 trading days

  17. Since yesterday: highbeta back inside 2σ (5d)

  18. Momentum's worst five-day run against the index in a year

    Momentum 5d vs S&P: -5.8% (-3.9σ, 0th pctile)

  19. Momentum's worst five-day run against the index in a year

    Momentum 5d vs S&P: -5.6% (-3.9σ, 0th pctile)

  20. Since yesterday: highbeta quartile jump (top to bottom)

  21. Momentum's worst five-day run against the index in a year

    Momentum 5d vs S&P: -6.4% (-4.5σ, 0th pctile)

  22. Momentum's worst one-day run against the index in a year

    Momentum 1d vs S&P: -3.2% (-3.7σ, 0th pctile)

June 2026

13 briefs

  1. Quality's best five-day run against the index in a year

    Quality 5d vs S&P: +2.2% (+3.1σ, 100th pctile)

  2. Size's best five-day run against the index in a year

    Size 5d vs S&P: +5.9% (+3.3σ, 100th pctile)

  3. Momentum's worst one-day run against the index in a year

    Momentum 1d vs S&P: -3.3% (-4.2σ, 0th pctile)

  4. Size stood out: +1.9% vs the index over 1 session

    Size 1d vs S&P: +1.9% (+2.3σ, 97th pctile)

  5. High beta's worst one-day run against the index in a year

    High beta 1d vs S&P: -3.6% (-3.8σ, 0th pctile)

  6. Momentum's best five-day run against the index in a year

    Momentum 5d vs S&P: +4.6% (+2.9σ, 100th pctile)

  7. Quality's best 20-day run against the index in a year

    Quality 20d vs S&P: +4.9% (+3.6σ, 100th pctile)

  8. Momentum's best five-day run against the index in a year

    Momentum 5d vs S&P: +4.4% (+2.9σ, 99th pctile)

  9. Quality stood out: +1.5% vs the index over 5 sessions

    Quality 5d vs S&P: +1.5% (+2.2σ, 97th pctile)

  10. Value's worst one-day run against the index in a year

    Value 1d vs S&P: -2.3% (-3.1σ, 0th pctile)

  11. Quality's best 20-day run against the index in a year

    Quality 20d vs S&P: +4.3% (+3.5σ, 100th pctile)

  12. Momentum's best one-day run against the index in a year

    Momentum 1d vs S&P: +2.5% (+3.4σ, 100th pctile)

  13. Value's best five-day run against the index in a year

    Value 5d vs S&P: +6.3% (+3.8σ, 100th pctile)

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