Market Conditions — 2026-09-25

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Article published Sep 25, 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 +1.3% · QQQ +3.2% · IWM -0.8% · RSP -0.6% 30d: SPY +0.7% · QQQ +4.7% · IWM -5.7% · RSP -5.0%
Volatility VIX 14.87 (CALM) · 1d -5.1% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Thebuildout Dram Memory, Thebuildout Nand Flash Memory, Thebuildout Semiconductor Test Burn In Equipment, Crypto, Cybersec (+41 more) · Out: Nuclear Fuel Cycle, Travel Leisure, Alt Managers, Livestock Disease, Lazarus (+32 more) 46 in / 37 out / 5 emerging of 122 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.8% · LQD -1.4% · IEF -0.9% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD -1.9% · USO -3.6% · COPX -0.6% Gold · oil · copper miners

Sources

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