Tuesday, August 11, 2026

QNTM Day Wrap — Tuesday, August 11, 2026

The QNTM model portfolio slipped -0.39% today, trailing the S&P 500 (SPY) at -0.32%. The model's 50-holding concentration weighed slightly more than the broad index in a risk-off tape.

What drove it: Conviction sat at a tepid 49.8/100 across 1,422 scored names, with just 2.7% flagged high-conviction — a sign the model found little to lean into today. The underperformance traces to energy-sensitive and growth positioning colliding with the day's macro driver: oil. Crude climbed above $83 per barrel, rising for a fourth straight session amid heightened uncertainty over a potential deal between the US and Iran to reopen the Strait of Hormuz . Trump demanded compensation from Iran for people killed in the conflict, after Tehran reiterated its own reparations request — a headline that kept risk appetite muted and pressured rate- and oil-cost-sensitive growth names the model holds, outweighing gains in its energy sleeve.

Market recap: Major averages were little changed-to-lower — the Dow (-0.06%), S&P 500 (-0.10%), and Nasdaq Composite (-0.39%) all posted declines , holding just below record highs. Wall Street stayed near all-time highs ahead of key inflation data due tomorrow morning .

What's next: Wednesday's CPI print, alongside any fresh headlines on Strait of Hormuz negotiations, are the key swing factors for both oil and equity sentiment.

Research/education only — not investment advice.