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Daily brief — August 21, 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: 58% of the index above its 50-day average (a month ago: 66%); 72% above the 200-day.

20d leadership: size (held 4d, prev highbeta)

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 (+18.0%), Nuclear Renaissance lags (-11.4%).

Sectors, 5d vs S&P: Healthcare leads (+5.9% (+2.2σ, 97th pctile)), Utilities lags (-3.2% (-1.2σ, 11th pctile)).

Analyst tape: 228↑ / 115↓ FY1 EPS (net +24%) in the August 21 read.

FW 3000: Momentum -3.2% (-1.3σ) 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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