Market Conditions — 2026-09-16

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Article published Sep 16, 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 -1.1% · QQQ -1.6% · IWM -2.3% · RSP -1.1% 30d: SPY -2.4% · QQQ -3.5% · IWM -6.6% · RSP -3.9%
Volatility VIX 17.71 (NORMAL) · 1d +3.0% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Crypto, Trace Iran War Second And Third Order Effects, Food Security, Cybersec, Volume Setups (+17 more) · Out: Thebuildout Semiconductor Test Burn In Equipment, WFE Test Metrology, Optical Supply Chain, Thebuildout Etch Equipment, Thebuildout Advanced Packaging Equipment (+75 more) 22 in / 80 out / 1 emerging of 122 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.7% · LQD -0.8% · IEF -1.3% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD -2.9% · USO +4.1% · COPX -11.6% Gold · oil · copper miners

Sources

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