Market Conditions — 2026-08-20

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Article published Aug 20, 2026. Prices below use latest available snapshots.

SPY $763.25 +1.2% 30d QQQ $709.80 +0.7% 30d IWM $270.44 -4.8% 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 -1.9% · QQQ -2.9% · IWM -1.9% · RSP -1.1% 30d: SPY +1.9% · QQQ +0.3% · IWM +0.4% · RSP +3.5%
Volatility VIX 16.01 (NORMAL) · 1d +7.5% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Government Compute, Cloud SAAS, Cloud ETFS, Copper, Adtech (+26 more) · Out: Thebuildout Ems Contract Electronics Manufacturing, Thebuildout High Speed Pcbs Server Networking, Thebuildout Semiconductor Ip Licensors, Thebuildout Deposition Equipment, Thebuildout Glass Core Panel Level Packaging (+63 more) 31 in / 68 out / 1 emerging of 122 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.3% · LQD -0.5% · IEF -0.3% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD +4.1% · USO +7.6% · COPX +5.2% Gold · oil · copper miners

Sources

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