Friday, July 24, 2026

Market Regime: RISK_OFF QNTM's models flipped defensive as new broad-based tariffs took effect and Red Sea tanker attacks reignited war-risk premia in energy — a classic double-shock setup that typically compresses risk appetite across the scored universe.

Conviction: 48.8/100 Right at the coin-flip line, with only 2.0% of the ~1,423 names scored as high-conviction — signaling the model sees very few stocks with a clean, multi-pillar edge today; breadth of opportunity is thin.

On the calendar today Before the bell: American Express, NextEra Energy, Verizon, plus SLB, Charter, CNI, HCA and others. Economic data to watch includes S&P Global's flash PMI updates on services and manufacturing for July, and new home sales.

Overnight & premarket

Thursday marked the S&P 500's worst single-day performance in a month on geopolitical risk and AI-spending concerns after Alphabet's earnings, while Brent crude briefly topped $100/barrel after attacks on Saudi oil tankers in the Red Sea. Nasdaq-100 futures were roughly flat Friday as markets tried to stabilize after Thursday's megacap tech sell-off, with Brent easing back below $99. Treasury yields retreated Friday after briefly hitting the highest level since January 2025 the prior day.

What to watch 1) Whether oil holds below $100 or the Red Sea situation escalates further. 2) 10-year yield direction near the 4.7% level. 3) Follow-through (or reversal) in AI/megacap tech after Thursday's rout.

Educational research only — not investment advice.