Monday, August 10, 2026

QNTM Day Wrap — Monday, August 10, 2026

The model portfolio returned +1.06% vs. SPY -0.06%, a roughly 112 bps edge on a session where the broader tape was essentially flat-to-slightly-lower. Stocks weakened early as oil rose following lack of weekend Iran progress , and crude oil traded around $78 per barrel on Monday, holding recent gains as uncertainty persisted over efforts to reopen the Strait of Hormuz — consistent with QNTM's WTI read of ~$81.91 and its RISK_OFF regime flag.

What drove it: Real-money leaders/laggards told the story — gains were led by Salesforce, Nvidia and Honeywell, while the biggest losers were Visa, Chevron and Caterpillar . That's telling: even with oil climbing, energy (Chevron) and cyclicals (Caterpillar) sold off alongside financials, a classic risk-off pattern where war headlines hit sentiment more than commodity-linked names benefit. QNTM's model — built across 50 holdings from a 1,422-stock universe with conviction sitting low at 49.7 (only 3% scored "high conviction") — appears to have avoided that energy/industrial/financials drag, likely via quality- and momentum-tilted tech exposure that mirrored the Nvidia/Salesforce strength.

Market recap: A softer-than-expected July nonfarm payrolls report weakened expectations for Fed rate hikes , per Deutsche Bank. Indices were mixed/flat as doubts grew that the U.S. and Iran will reach a lasting resolution .

Next: Watch CPI and jobless claims later this week, plus any Hormuz/Iran headlines — both could move oil and risk appetite quickly.

Research/education only — not investment advice.