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Daily brief — September 2, 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: 48% of the index above its 50-day average (a month ago: 68%); 66% above the 200-day.

20d leadership: divyield (held 2d, prev quality)

September seasonality (30y): market -0.5% mean / 57% hit; momentum +1.7% mean / 67% hit; value +0.3% mean / 53% hit; size -0.0% mean / 50% hit; quality +0.3% mean / 53% hit.

Baskets, 20d vs S&P: US Energy Complex leads (+14.3%), Housing Chain lags (-8.2%).

Sectors, 5d vs S&P: Energy leads (+4.2% (+1.0σ, 84th pctile)), Industrials lags (-4.1% (-2.4σ, 0th pctile)).

Analyst tape: 65↑ / 47↓ FY1 EPS (net +4%) in the September 2 read.

FW 3000: Momentum -1.9% (-0.8σ) 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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