Tuesday, September 1, 2026

QNTM Daily Wrap — September 1, 2026

The QNTM model portfolio slipped -0.44% today, outperforming SPY's -0.69% decline by 25 basis points — a rare case of the model's defensive posture paying off in a down session.

What drove it: QNTM's macro-regime overlay flipped to RISK_OFF ahead of the open, trimming exposure heading into a session dominated by two shocks flagged in our system — "fed_hawkish" and "war_escalation." That defensive tilt likely spared the model from the worst of today's tech selloff: the Dow fell 0.8%, the S&P 500 dropped 0.7%, and the Nasdaq Composite pulled back 1% , with crude surging and stocks diving early as investors monitored overnight attacks on a cargo ship in the Strait of Hormuz, with tech taking the brunt of the blow, especially chip stocks . Conviction across the scored universe (1,422 names) sat at just 48.8, with only 3.2% of stocks screening high-conviction — signaling broad model caution, not a bet on any single name.

Market recap: Inflation worries and elevated oil prices lifted bond yields, raising concern about whether the Fed will tighten policy later this month . U.S. crude gained 5.2% to $90.22/barrel while Brent added 4.6% to $94.65 , and odds of a September rate hike hit 66%, up from 40% a week ago .

What's next: Watch upcoming job-openings and manufacturing data, plus any de-escalation headlines out of the Middle East, for the next directional cue.

Educational research only — not investment advice.