Market Conditions — 2026-10-05

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Article published Oct 5, 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 +1.2% · QQQ +2.7% · IWM +1.2% · RSP +0.7% 30d: SPY +0.6% · QQQ +5.2% · IWM -4.3% · RSP -3.6%
Volatility VIX 15.52 (CALM) · 1d +1.4% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Thebuildout Semiconductor Test Burn In Equipment, Thebuildout Data Center Networking Silicon, Thebuildout Semiconductor Ip Licensors, Thebuildout Co Packaged Optics CPO, WFE Test Metrology (+61 more) · Out: Alt Managers, Nuclear Fuel Cycle, Lazarus, Peptide Economy, Thebuildout Lithium Battery Metals (+34 more) 66 in / 39 out / 5 emerging of 124 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.7% · LQD -0.6% · IEF -0.7% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD +0.4% · USO -4.0% · COPX +1.3% Gold · oil · copper miners

Sources

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