Market Conditions

Conditions

Market Conditions

Market Conditions — 2026-09-18

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 +0.9% · IWM -1.7% · RSP -1.2% 30d: SPY -1.0% · QQQ +0.8% · IWM -5.8% · RSP -4.4%
Volatility VIX 14.81 (CALM) · 1d -4.1% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Crypto, Trace Iran War Second And Third Order Effects, Thebuildout Nand Flash Memory, Memory, Cybersec (+24 more) · Out: Travel Leisure, Drone Defense, Alt Managers, Space, Lazarus (+52 more) 29 in / 57 out / 5 emerging of 122 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.1% · LQD +0.4% · IEF -0.2% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD +0.6% · USO -0.7% · COPX -1.4% Gold · oil · copper miners

Sources

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

No direct external sources are attached to this read.