Position Trader

Position Trader

Paid Subscriber – Quant Portfolios give back some gains – Mining stocks rally in August – Update 08/24/26

What a $40 Trillion National Debt Could Mean for Your Wallet

Position Trader's avatar
Position Trader
Aug 24, 2026
∙ Paid
Add bull and bear illustration

This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber. All paid subscriptions come with a 7 day free trial.


  • Quant Weekly – Up over 75% since June 2025

  • Quant 30 – Up over 65% since June 2025

  • Legacy – Up over 320% since April 2023

  • Changes to the main Quant Portfolios

  • Top Quant Stocks – Top 10 Consumer Discretionary stocks

  • Education – What a $40 Trillion National Debt Could Mean for Your Wallet


USA Stock market week ending 08/21/26

  • SPY: -1.4% for the week, reflecting a pullback in the broader S&P 500 market.

  • ^IXIC: -2.1%, making the Nasdaq the weakest of the major indexes listed here as growth stocks came under pressure.

  • DIA: -0.8%, showing a smaller decline than the broader market and Nasdaq.

  • IWM: -1.6%, Russell 2000 ETF

  • SPMO: -3.0%, indicating a substantially sharper pullback among momentum-oriented large-cap stocks.


Market Drivers this Week (08/24/26 – 08/28/26)

Monday, 8/24

  • Chicago Fed National Activity Index (July) — Released at 8:30 AM ET, providing an early look at overall U.S. economic activity.

Tuesday, 8/25

  • S&P/Case-Shiller Home Price Index (June), New Home Sales (July), and Consumer Confidence (August) are scheduled, providing several important readings on housing and consumer conditions.

  • Earnings: Ulta Beauty, Workday, Affirm and Marvell Technology are scheduled to report after the close.

Wednesday, 8/26

  • NVIDIA reports Q2 fiscal 2027 results after the close, making it arguably the week’s most closely watched earnings report. NVIDIA has confirmed the results will cover the quarter ended July 26, with the conference call at 5:00 PM ET.

  • Durable Goods Orders, the second estimate of Q2 GDP, Personal Income and Spending, and PCE inflation data are also scheduled, making Wednesday an unusually busy economic-data day.

Thursday, 8/27

  • Weekly Initial Jobless Claims arrive at 8:30 AM ET, providing the latest snapshot of labor-market conditions.

  • Kansas City Fed Manufacturing Index (August) is scheduled at 11:00 AM ET, adding another regional manufacturing reading.

  • Jackson Hole Economic Policy Symposium begins Thursday and runs through Saturday, August 29.

Friday, 8/28

  • Fed Chair Kevin Warsh speaks at Jackson Hole, with investors likely to focus closely on his comments about inflation, monetary policy and the outlook for interest rates.

  • University of Michigan Consumer Sentiment — August final, along with the 1-year and 5-year inflation expectations, is due at 10:00 AM ET.

  • BLS preliminary benchmark revisions to payroll employment are scheduled, providing an important reassessment of March 2026 employment levels based on more comprehensive data.


The CNN Fear and Greed Index ends the week at 55. Just barely dropping out of the Greed area into the Neutral area. This is the third week in a row the index has been firmly out of the Fear area. The stock market remains choppy.


The Quant Model Portfolios gave up some of the gains made last week as the stock market dropped across the board with momentum stocks leading the way down. The mining stocks in the portfolios have been rallying hard in August and are providing some positive alpha. We currently have mining stocks Iamgold, B2Gold, Coeur Mining, Kinross Gold, Newmont and SSR Mining in the Quant Portfolios.

Keep reading with a 7-day free trial

Subscribe to Position Trader to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2026 Position Trader · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture