Wednesday, August 12, 2026

QNTM Day Wrap — August 12, 2026

The QNTM model portfolio returned +1.57% today versus +0.25% for SPY, a wide outperformance in a RISK_ON regime (VIX 14.4).

What drove it: The gap tracks back to sector concentration. Today's tape was led by AI-infrastructure and tech earnings beats — US stocks traded higher led by the technology sector as investors turned to earnings, with the Nasdaq 100 gaining 0.9%, reversing earlier weekly losses . Specific movers included cloud computing company CoreWeave, which climbed 18% after narrowing its loss per share and meeting revenue expectations , Super Micro Computer, which surged 9% after beating earnings estimates and offering an upbeat forecast , and Nebius Group, which jumped more than 12.5% on better-than-expected EBITDA, revenue, and gross margins . QNTM's momentum/quality tilt into this AI-infra cohort captured moves the cap-weighted SPY only partially reflects, since these names carry modest S&P weight individually.

Market recap: The S&P 500 finished higher Wednesday as July inflation data came in broadly as expected, easing concerns about another Fed hike, with the benchmark gaining 19.51 points, or 0.25% . July CPI rose 0.1% on the month, with the annual rate at 3.4%, matching estimates . Oil pushed above $83 a barrel on lingering Strait of Hormuz tension even as de-escalation hopes grew.

What's next: Watch whether tariff and Middle East headlines stay contained; a calmer macro backdrop with cooling inflation is the setup QNTM's RISK_ON overlay favors — but conviction remains modest (49.8/100), signaling a selective, not broad-based, opportunity set.

Educational research only — not investment advice.