Daily brief — August 4, 2026
Quality's best one-day run against the index in a year. As published at the market close. The live view is always on the dashboard.
Unusual moves
- Quality 1d vs S&P: +1.1% (+3.1σ, 100th pctile)
- Value 5d vs S&P: -4.5% (-2.6σ, 0th pctile)
- Low volatility 5d vs S&P: -5.6% (-2.5σ, 0th pctile)
- Dividend yield 5d vs S&P: -4.8% (-2.4σ, 0th pctile)
- High beta 5d vs S&P: +5.8% (+2.2σ, 98th pctile)
That's the 4th-best 1-day run for Quality against the index since January 2020.
Breadth: 69% of the index above its 50-day average (a month ago: 68%); 73% above the 200-day.
- Since yesterday: divyield crossed -2σ (5d, now -2.4σ)
- Since yesterday: highbeta crossed +2σ (5d, now +2.2σ)
- Since yesterday: lowvol crossed -2σ (5d, now -2.5σ)
- Since yesterday: value crossed -2σ (5d, now -2.6σ)
20d leadership: size (held 1d, prev divyield)
August seasonality (30y): market -0.2% mean / 60% hit; momentum +0.6% mean / 53% hit; value +0.1% mean / 47% hit; size -0.1% mean / 43% hit; quality +0.0% mean / 47% hit.
Baskets, 20d vs S&P: AI Displacement Risk leads (+13.4%), Managed Care & Health Insurers lags (-7.8%).
Sectors, 5d vs S&P: Consumer Cyclical leads (+4.2% (+2.3σ, 99th pctile)), Healthcare lags (-7.2% (-2.8σ, 0th pctile)).
Analyst tape: 174↑ / 97↓ FY1 EPS (net +16%) in the August 4 read.
FW 3000: Low volatility -5.7% (-3.2σ) on the week vs the broad benchmark — the 3,000-name universe, beyond large caps.
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.