Daily brief — June 23, 2026
As published at the market close. The live view is always on the dashboard.
Unusual moves
- High beta 1d vs S&P: -3.6% (-3.8σ, 0th pctile)
- Quality 1d vs S&P: -1.1% (-3.6σ, 0th pctile)
- Momentum 1d vs S&P: -2.6% (-3.6σ, 0th pctile)
- Value 1d vs S&P: +2.4% (+3.0σ, 100th pctile)
- Dividend yield 1d vs S&P: +2.6% (+2.9σ, 100th pctile)
- Low volatility 1d vs S&P: +2.5% (+2.8σ, 100th pctile)
- Size 1d vs S&P: +1.9% (+2.3σ, 97th pctile)
20d leadership: momentum (held 1d, prev highbeta)
- Rotation flag: highbeta went top→bottom quartile in 20 trading days
June seasonality (30y): market +0.7% mean / 63% hit; momentum +2.0% mean / 70% hit; value -1.4% mean / 30% hit; size +1.3% mean / 77% hit; quality +0.3% mean / 67% hit.
Baskets, 20d vs S&P: AI Infrastructure Leaders leads (+13.1%), AI Displacement Risk lags (-10.7%).
Sectors, 5d vs S&P: Financial Services leads (+3.5% (+2.4σ, 98th pctile)), Communication Services lags (-3.1% (-1.6σ, 6th pctile)).
Computed from S&P 500 constituents, point-in-time quintile portfolios. Provided as-is, with no guarantee of accuracy, timeliness, or freedom from errors. Not investment advice.