Market Conditions — 2026-07-29

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Article published Jul 29, 2026. Prices below use latest available snapshots.

SPY $772.67 +4.0% 30d QQQ $729.87 +5.0% 30d IWM $304.06 +3.4% 30d

A frozen snapshot: each card records its own moment and is meant to read stale later. The strip of cards, in order, is the climate history.

Gauge Read Note
Indexes (7d) SPY -2.4% · QQQ -6.2% · IWM -1.8% · RSP +1.4% 30d: SPY -2.3% · QQQ -10.1% · IWM -4.0% · RSP +1.4%
Volatility VIX 20.66 (ELEVATED) · 1d +13.5% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: China Tech, Trace Iran War Second And Third Order Effects, Cloud SAAS, Government Compute, Volume Setups · Out: WFE Test Metrology, Space, Memory, Optical Supply Chain, CPU Shortage Supply Chain 29 in / 28 out / 2 emerging of 68 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.3% · LQD -0.4% · IEF +0.1% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD -2.1% · USO -1.8% · COPX -2.2% Gold · oil · copper miners

Sources

  • market-pulse + rotation-map.json · data/state/vix-gate.json (all numbers code-computed and frozen at emit)