Market Conditions — 2026-08-21

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Article published Aug 21, 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 -1.4% · QQQ -2.4% · IWM -1.7% · RSP -0.5% 30d: SPY +2.5% · QQQ +1.1% · IWM +2.1% · RSP +4.2%
Volatility VIX 15.13 (CALM) · 1d -5.5% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Government Compute, Cloud SAAS, Cloud ETFS, Web Cloud, Copper (+28 more) · Out: Thebuildout High Speed Pcbs Server Networking, Thebuildout Ems Contract Electronics Manufacturing, Thebuildout Semiconductor Ip Licensors, Thebuildout Deposition Equipment, Thebuildout Glass Core Panel Level Packaging (+53 more) 33 in / 58 out / 1 emerging of 122 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.1% · LQD -0.2% · IEF -0.2% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD +5.5% · USO +6.4% · COPX +10.4% Gold · oil · copper miners

Sources

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