Paid Subscriber – Market is mixed – Quant Portfolios ease back – Update 10/12/26

Third-Quarter Earnings Season: What the Big Banks Will Tell Us About the Economy

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• Quant Alpha’s II – Up over 72% since June 2025

• Quant 30 – Up over 78% since June 2025

• Legacy – Up over 320% since April 2023

• Changes to the Quant Portfolios

• Education – Third-Quarter Earnings Season: What the Big Banks Will Tell Us About the Economy

• Quant Dividend and Growth 25 Model Portfolio – final 5 members added

• Quick Links

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USA Stock market week ending 10/09/26

• SPY (S&P 500): +1.2% — Large-cap stocks advanced solidly, leading the major indexes for the week.

• ^IXIC (Nasdaq Composite): +0.6% — Technology-heavy stocks posted a modest gain.

• DIA (Dow Jones Industrial Average): +0.1% — Blue-chip stocks were nearly unchanged for the week.

• IWM (Russell 2000): -1.0% — Small-cap stocks weakened, underperforming their large-cap counterparts.

• SPMO (S&P 500 Momentum ETF): -1.4% — Momentum stocks declined despite the broader market’s gains, signaling weakness among recent market leaders.

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Market Drivers this Week (10/12/26 – 10/16/26)

• Monday, 10/12 — Columbus Day. U.S. stock markets remain open, but bond markets are closed.

• Tuesday, 10/13 — The NFIB Small Business Optimism Index is due at 6:00 a.m. ET, while JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo report third-quarter earnings.

• Wednesday, 10/14 — The Consumer Price Index and Real Earnings reports arrive at 8:30 a.m. ET, followed by the Fed’s Beige Book at 2:00 p.m. Bank of America and Morgan Stanley also report earnings.

• Thursday, 10/15 — September PPI, September retail sales, weekly jobless claims and the Philadelphia Fed Manufacturing Index are scheduled for 8:30 a.m. ET.

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The CNN Fear & Greed Index

The CNN Fear & Greed Index showed a notable improvement in investor sentiment during the latest week, rising to 45 (Neutral) on October 9, up from 31 (Fear) on October 2. This marks a shift away from the persistent fear that dominated September and early October, when readings ranged from 29 to 42, following Greed readings of 64 and 65 in early and mid-August. Sentiment gradually deteriorated through late August and September before rebounding over the past week, suggesting that investor anxiety may be easing. However, the index remains well below its August highs, indicating that confidence has not fully recovered.

• 10/9/26 – 45 Neutral

• 10/2/26 – 31 Fear

• 9/25/26 – 37 Fear

• 9/18/26 – 29 Fear

• 9/11/26 – 33 Fear

• 9/4/26 – 42 Fear

• 8/28/26 – 54 Neutral

• 8/21/26 – 55 Neutral

• 8/14/26 – 65 Greed

• 8/7/26 – 64 Greed

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The Quant Model Portfolios had an off week with the SPMO (S&P 500 Momentum ETF) sliding -1.4%. The Portfolios remain full of highly ranked stocks in the Quant universe and when Risk On becomes dominant again, I expect the Portfolios will lead the way up.