Another quiet day on Wall Street and in Quant. Our top 10 are still populated by liquid selections like the S&P 500, China, metals and energy. But today it’s Vanguard’s S&P 500 ETF (VOO) taking spot number 2 as the bigger SPY dropped 15 positions to 19th place. Option activity is the reason as VOO saw heavy put buying driving this contrarian measure higher. The top 10 did broaden out a bit with the iShares MSCI Emerging, EAFE, and Chile Index funds (EEM, EFA and ECH) all climbing into that group. Another new member of the top 10 is Vanguard’s Growth ETF (VUG) in 7th place. The broadening can also be seen in the average Risk Rating of the top quintile of Quant scores rising slightly from 4.48 to 4.54 and in the Sector Indices where the weakest year to date tended to be the strongest yesterday. While Quant is suggesting a little more risk, the moves were modest and should be viewed over coming days to see if a true message is being sent. Monday morning will tell us what Quant sees in today’s trading. Until then, enjoy all that ETFG offers and have a good weekend!