Tuesday, September 1, 2026

Market Regime: RISK_OFF QNTM's regime flag is set to Risk-Off, with VIX at 15.8 and WTI crude at $87.76. Read: volatility itself is contained, but energy prices and macro headline risk (tariffs, war escalation) are doing the work of tightening financial conditions.

Conviction: 49.4/100 A near-coin-flip average across 1,422 scored names, with just 3.4% rated high-conviction. This implies the model sees little broad-based opportunity today — signals are scattered rather than concentrated, consistent with a defensive tape.

On the calendar today Heavy data morning: S&P Global Manufacturing PMI (~9:45 AM ET), ISM Manufacturing PMI for August at 10:00 a.m. ET on Tuesday, September 1, 2026 , and JOLTS job openings, also at 10:00 AM ET . No FOMC meeting today, but bond markets are pricing rate-hike risk.

Overnight & premarket

Stock futures were falling and oil prices were rising amid renewed U.S.-Iran hostilities in the Strait of Hormuz. Two oil tankers, one Saudi and one South Korean-owned, were hit by projectiles Monday night . Microsoft, Palantir, Alphabet, and Tesla dropped up to 1% premarket , while banks and credit providers also fell, with JPMorgan and Visa down 0.7% .

What to watch 1) ISM Prices Index and new-orders component for tariff/oil pass-through signals. 2) Any Strait of Hormuz shipping/escalation headlines. 3) 10-year yield reaction to JOLTS — the 10Y yield remains elevated near 4.76%, keeping the macro backdrop less friendly for duration-sensitive equities .

Research/education only — not investment advice.