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Momentum books its best 20 sessions in a year while the same chip names sink value

Momentum's long-short spread gained 14.7% against the S&P over 20 sessions, a 2.4σ move and the best 20-session run in a year.

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October 2026

2 briefs

  1. Momentum books its best 20 sessions in a year while the same chip names sink value

  2. Quality's long-short spread posts its best 20 sessions in a year while Basic Materials falls 5.7% behind on the week

September 2026

20 briefs

  1. Quality's long-short spread posts its best 20-session run in a year while breadth thins to 21% above the 50-day

  2. A quarter of the index above its 50-day average as yields climb

  3. Refiners drag the energy complex 4.3% behind the S&P as breadth narrows

  4. Quality leads the week on Meta and semiconductors while the value and size spreads fall to the bottom of their year

  5. Ten-year hits 5.11% and value's week ends 4.7% behind the S&P

  6. Value's 10th-worst five-session run since 2020 as banks and telcos fall

  7. Value's long-short spread falls 5.6% against the S&P on the week, its worst five-session run in a year, as the short leg's chip names rally

  8. Regional banks fall 4.5% behind the S&P in a week the index went nowhere

  9. Housing chain lags the S&P by 9.4% over 20 sessions while the index rallies 1.1%

  10. Momentum's fifth-worst 60-session run since 2020 as Micron, Lam and Applied fall 24-35%

  11. High beta's long-short spread trails the S&P by 14.5% over 60 sessions, its worst run in a year

  12. Communication Services outruns the S&P by 3.2 points while momentum's AI-linked long leg falls 10 to 14%

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

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

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

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

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

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

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

  20. 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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