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QUANTLOGIX DAILY BRIEF
FRIDAY · JULY 31, 2026 PRE-MARKET
S&P Futures
7,481.5
+0.12%
Nasdaq Futures
28,452.75
+0.76%
10Y Yield
4.67%
+1.30%
Macro Sentiment
52/100
Neutral
Signal Breadth
35%
bearish

Market Pulse

Stocks rallied hard, with the Nasdaq Composite up 2.78% to 25,122.18 and the S&P 500 gaining 1.66% to 7,437.63, while the Dow added 1.19% and the Russell 2000 rose 1.37%. Technology was the standout sector, surging 5.5%, while Communication Services lagged badly, down 2.68%, alongside weakness in Consumer Staples (-2.16%) and Health Care (-1.64%). Small-cap speculative names dominated the tape's extremes: FCUV spiked 350% and REPL jumped 128.91% on the gainer side, while BIOA (-61.37%) and DFNS (-53.99%) led losses. Energy names got a headline boost as ExxonMobil and Chevron reported profits that quadrupled amid the Iran war backdrop, though Energy itself posted a modest 0.53% sector gain. The VIX ticked up slightly to 17.25 even as equities rallied, a mild divergence worth noting.

Overnight Futures

S&P Futures+0.12%Nasdaq Futures+0.76%Dow Futures+0.31%Russell 2000 Futures+0.23%

Sector Rotation — Today

Technology+5.50%Industrials+0.98%Cons. Disc.+0.70%Financials+0.56%Energy+0.53%Materials-0.19%Utilities-0.56%Real Estate-1.44%Health Care-1.64%Cons. Staples-2.16%Comm. Svcs-2.68%

Overnight Headlines

COINDESK2m ago
Tokenization was crypto's first big export to TradFi. Perps are next, says Martin Lee, markets insight lead at DWF labs.
THE BLOCK2m ago
Circle won a limited-purpose trust charter from NYDFS for Circle Internet Trust Company after securing final OCC national trust approval.
MARKETWATCH4m ago
Combined profits of ExxonMobil and Chevron for the second quarter soared more than 300% in three months to more than $26 billion.

Signal Standouts

Across 2,858 names, bullish signals (strong buy + buy) sit at 35.1% versus a sell-side tilt in the tail, with neutral still the largest single bucket at 1,296 names. Breadth widened by 3.9 points versus yesterday, a broadening reading that suggests today's rally had wider participation rather than being driven by a narrow handful of mega-cap leaders. Strong-buy samples skew toward mega-cap, diversified names (AAPL, AMZN, BRK.B, LLY), while strong-sell samples are more idiosyncratic single-name stories.

35%BULLISH
Strong Buy
142
Buy
860
Neutral
1,296
Sell
516
Strong Sell
44

Strong Buy standouts: AAPL · AMZN · BRK.B · LLY · XOM · V · MA · CVX · BABA · LIN · AMGN · ABT

Strong Sell standouts: CEG · CARR · KEYS · CBRS · ALNY · BIDU · EME · Q · MTZ · DY · BLDR · AAON

See full signals →

Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
AAPL 2026-08-22 22d +21.8% +16.6%
MSFT 2026-09-12 42d +31.8% +17.7%
JPM 2026-09-15 46d +17.2% +10.0%
XOM 2026-09-17 47d -43.2% +2.4%
AVGO 2026-09-30 61d +85.4% +47.9%
WMT 2026-10-10 71d +19.6% +7.3%

Sector Setup

Technology
BULLISH
Led all sectors by a wide margin at +5.5%, signaling strong risk appetite for growth-oriented names today.
Industrials
BULLISH
Posted a solid +0.98% gain, participating in the broader risk-on move without extreme dispersion.
Energy
NEUTRAL
Rose a modest 0.53% even as Exxon and Chevron headlines highlighted outsized profit growth, suggesting the news was largely priced in.
Comm. Svcs
BEARISH
Worst performer of the day at -2.68%, marking a clear divergence from the broader market rally.
Cons. Staples
BEARISH
Fell 2.16%, consistent with defensive sectors lagging on a strong risk-on day.
Health Care
BEARISH
Down 1.64%, extending softness even as cyclical and growth sectors rallied.

Economic Snapshot

Fed Funds Rate
3.63% · YoY -16.2%
Unemployment Rate
4.2% · YoY -2.3%
Inflation Rate (YoY)
3.73%
GDP Growth
1.5% · YoY -40.0%
10-Year Treasury
4.67% · YoY +1.1%
Consumer Sentiment
44.8 · YoY -14.2%

Catalyst Calendar

The forward calendar is light on confirmed events — no scheduled corporate events today — with a handful of IPOs on the docket (including Robinhood Ventures Fund II and Attovia Therapeutics) and the next major earnings reports (AAPL, MSFT, JPM) all three-plus weeks out.

  • IPO NSIH — Neurospectrum Insights Inc.
  • IPO ATTO — Attovia Therapeutics Inc.
  • IPO VOGX — Vogenx Inc.
  • IPO CZTI — Carbon Zero Technologies International Inc.
  • IPO RVII — Robinhood Ventures Fund II
  • IPO SPGH — Smart Pointer Group Holdings Ltd.
  • IPO SIAI — Silentium Ltd.
  • IPO GST — GA Sai Tong Enterprise Ltd.

Trading Implications

Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.

Deep Dive

Reading Breadth Broadening in a Rally

When an index rallies alongside a broadening breadth signal — as seen today with a 3.9-point increase in the bullish share of the universe — it implies gains are being distributed across more names rather than concentrated in a few mega-caps. This matters because narrow rallies (a handful of stocks driving index-level gains) are historically more fragile, since the failure of just one or two leaders can flip index performance negative. Broadening breadth, by contrast, suggests underlying demand is more resilient and diversified. Today's move, with the bullish pct at 35.1% against a still-large neutral bucket (1,296 names), shows participation is improving but not yet dominant — worth tracking whether the trend continues or stalls.

QuantLogix briefings are educational market commentary generated from live data, not investment advice. Signals are quantitative model outputs, not recommendations. Markets carry risk of loss.