Daily brief — August 5, 2026
Dividend yield's worst five-day run against the index in a year. As published at the market close. The live view is always on the dashboard.
Unusual moves
- Dividend yield 5d vs S&P: -6.6% (-3.2σ, 0th pctile)
- Low volatility 5d vs S&P: -6.2% (-2.8σ, 0th pctile)
- High beta 5d vs S&P: +7.3% (+2.8σ, 100th pctile)
- Value 5d vs S&P: -4.6% (-2.6σ, 0th pctile)
- Size 5d vs S&P: -4.3% (-2.2σ, 1st pctile)
That's Dividend yield's worst 5-day run against the index since January 2020.
Breadth: 68% of the index above its 50-day average (a month ago: 65%); 72% above the 200-day.
- Since yesterday: size crossed -2σ (5d, now -2.2σ)
20d leadership: size (held 2d, 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 (+15.5%), Memory & Storage lags (-10.4%).
Sectors, 5d vs S&P: Technology leads (+4.9% (+2.5σ, 99th pctile)), Real Estate lags (-6.9% (-3.1σ, 0th pctile)).
Analyst tape: 170↑ / 96↓ FY1 EPS (net +15%) in the August 5 read.
FW 3000: Low volatility -6.2% (-3.4σ) 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.