Monday, July 13, 2026

QNTM Day Wrap — Monday, July 13, 2026

The QNTM model portfolio fell 1.69% today, underperforming SPY's -0.77% by roughly 90bps. Conviction sat at a lukewarm 53.6, with only 14.5% of the 1,000 names scored flagged high-conviction — consistent with the RISK_OFF regime overlay the system triggered.

What drove it: The model's 50-name book skews toward momentum and quality factors, which left it overweight semiconductors and AI-adjacent growth names just as that group sold off hardest. Stocks fell at the start of a busy week after the US and Iran escalated fighting in the Middle East, sending oil prices higher, and AI stocks came under pressure. Memory stocks dipped after SK Hynix plunged in South Korea, as investors sold off following a brokerage report suggesting it may not meet its quarterly profit estimates, dragging on peers including Micron and Seagate.