Market Conditions — 2026-10-15

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Article published Oct 15, 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 -0.3% · QQQ -2.6% · IWM -0.9% · RSP +1.5% 30d: SPY +1.9% · QQQ +3.3% · IWM -3.5% · RSP +0.5%
Volatility VIX 16.46 (NORMAL) · 1d -2.4% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Thebuildout Semiconductor Ip Licensors, CPU Shortage Supply Chain, Thebuildout Eda Software, Thebuildout Semiconductor Test Burn In Equipment, Biotech Capital Cycle (+10 more) · Out: Nearline Storage, Neoclouds, Nuclear Fuel Cycle, Quantum Computing, Food Security (+38 more) 15 in / 43 out / 5 emerging of 125 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.0% · LQD +1.0% · IEF +1.0% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD +1.1% · USO +6.6% · COPX -1.7% Gold · oil · copper miners

Sources

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