Wednesday, September 9, 2026

QNTM Day Wrap — September 9, 2026

The QNTM model portfolio fell 0.17% today, outperforming SPY's 0.45% decline by 28 basis points. QNTM's regime engine flagged RISK_OFF conditions, with conviction across the 1,422-name scored universe sitting at just 48.8 (only 2.7% of names screened high-conviction) — a defensively postured backdrop the 50-stock model was already leaning into.

What drove it: Today's tape punished energy-sensitive and rate-sensitive cyclicals, but also lifted energy itself. Energy and utility stocks were the only sector gainers, while industrials and consumer cyclicals fell the most. Brent crude surged above $100 per barrel for the first time since July as tensions in the Middle East escalate again , and 10-year Treasury yields hit 4.81% as oil prices raised concerns ahead of this week's CPI and PPI data . QNTM's model likely benefited from lighter industrials/discretionary exposure and any energy tilt, avoiding the brunt of the cyclical drawdown that hit the broader SPY.

Market recap: The S&P 500 fell roughly 0.4-0.6% intraday while the Dow dropped over 390-400 points , per tradingeconomics data showing the index down 0.58% with the Dow dropping 396 points . Adding to the risk-off mood, the US-Canada trade dispute escalated further, with Washington banning certain Canadian dairy and alcohol imports and limiting government procurement access , while the US-Iran conflict flared with US missile strikes on Iranian oil tankers and Iranian retaliation against US positions in Jordan . Notable single-name divergence: Meta jumped on positive reaction to its new AI agent, Muse , while Casey's General Stores fell almost 15% despite an earnings beat .

What's next: Markets stay focused on incoming CPI/PPI inflation data and any de-escalation signals on both the tariff and Iran fronts — both key inputs for QNTM's macro-regime overlay.

Research/education only — not investment advice.