Wednesday, July 22, 2026

Market Regime: NEUTRAL QNTM's regime overlay reads NEUTRAL — a market pulled two ways by de-escalating Middle East tensions and renewed tariff headlines, with no clear directional edge for stock-picking factors today.

Conviction: 49.4/100 At 49.4 across 1,423 scored names (2.2% at high conviction), the model sees a roughly coin-flip opportunity set — few standout setups, consistent with a market digesting mixed catalysts rather than trending.

On the calendar today No FOMC meeting (next is July 29) and no major US data print scheduled. Earnings are the story: AT&T, Philip Morris, GE Vernova, Moody's and Cal-Maine report before the open; Alphabet, Tesla, IBM, Texas Instruments, ServiceNow and CSX report after the close. UK CPI is the notable overseas data point.

Overnight & premarket

Stock futures fell as investors looked ahead to another busy day of earnings, pressured by a rise in oil prices; Brent topped $95 and WTI climbed above $87 on continued US-Iran strikes, before easing on reports of a possible ten-day pause in strikes. Tuesday's session saw semiconductor strength lift the Nasdaq despite renewed tariff uncertainty, with a proposed 50% tariff on Canadian goods in focus. Texas Instruments rose ahead of today's results.

What to watch 1) Alphabet/Tesla earnings after the close — first Mag-7 reads this week. 2) Whether oil holds gains or fades further on de-escalation headlines, given WTI's ~$87 handle. 3) Follow-through (or fade) in the chip-led rally after Tuesday's SOX surge.

Research/education only — not investment advice.