Paid Subscriber – Momentum stocks stay in the market doghouse – Quant Portfolios lose some ground – Update 08/03/26

Leopold Aschenbrenner and the Situational Awareness disaster

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• Quant Weekly – Up over 57% since June 2025

• Quant 30 – Up over 59% since June 2025

• Legacy – Up over 340% since April 2023

• Changes to the main Quant Portfolios

• Top Quant Stocks – IT minus semiconductors

• Education – Leopold Aschenbrenner and the Situational Awareness disaster

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USA Stock market week ending 07/31/26

• SPY (S&P 500 ETF): +1.1% – The broad U.S. market posted a solid weekly gain, continuing its upward trend.

• NASDAQ Composite (^IXIC): +1.6% – Technology and growth stocks led the major indexes higher for the week.

• DIA (Dow Jones Industrial Average ETF): +1.1% – Blue-chip stocks matched the S&P 500 with a steady weekly advance.

• IWM (Russell 2000 ETF): +0.0% – Small-cap stocks finished the week essentially unchanged, lagging the larger-cap indexes.

• SPMO (Invesco S&P 500 Momentum ETF): -1.8% – Momentum stocks underperformed the broader market, giving back ground despite gains in the major indexes.

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Market Drivers this Week (08/03/26 – 08/07/26)

Monday, 8/3 — Manufacturing Data & Palantir

• Final July Manufacturing PMI, ISM Manufacturing Index, and June Construction Spending are released.

• Earnings include Marriott, Tyson Foods, Vertex Pharmaceuticals, ON Semiconductor, and Palantir Technologies after the close.

Tuesday, 8/4 — Jobs Data & AMD

• June Trade Balance, Factory Orders, and JOLTS Job Openings highlight the economic calendar.

• Earnings include Advanced Micro Devices (AMD), Booking Holdings, Prudential Financial, Wynn Resorts, and DaVita.

Wednesday, 8/5 — ISM Services & Major Earnings

• The ISM Services PMI provides an update on the U.S. services sector.

• Earnings include Caterpillar, McDonald’s, Merck, Walt Disney, Eli Lilly, Costco, and Kraft Heinz.

Thursday, 8/6 — Jobless Claims

• Weekly Initial Jobless Claims, productivity, and labor cost data are released.

• Earnings include Uber, Shopify, eBay, Western Digital, SanDisk, Novo Nordisk, and Manulife Financial.

Friday, 8/7 — July Employment Report

• The July Jobs Report takes center stage as the week’s most important economic release.

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The CNN Fear and Greed Index ends the week at 42 in the Fear area. This makes eight weeks out of the last nine weeks in the Fear area. Risk off is firmly in control of the stock market right now.

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The Quant Model Portfolios were lower last week following the general trend of the Momentum stocks which are still dropping. I hope investors took advantage of the lower prices on some of the best performing stocks in the the Model Portfolios, to add to current positions.