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Daily brief — August 11, 2026

A quiet tape — no unusual factor moves. As published at the market close. The live view is always on the dashboard.

No factor moving more than 2σ from its trailing-year norm today.

Breadth: 64% of the index above its 50-day average (a month ago: 64%); 73% above the 200-day.

20d leadership: size (held 6d, 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 (+18.2%), Memory & Storage lags (-17.5%).

Sectors, 5d vs S&P: Basic Materials leads (+3.2% (+1.5σ, 92nd pctile)), Communication Services lags (-4.5% (-1.9σ, 4th pctile)).

Analyst tape: 87↑ / 33↓ FY1 EPS (net +11%) in the August 11 read.

FW 3000: Momentum -2.3% (-0.9σ) 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.

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