S&P Futures
7,703.25
+0.53%
Nasdaq Futures
29,529
+0.78%
Macro Sentiment
52/100
Neutral
Signal Breadth
34%
bearish
◆ Market PulseThe S&P 500 is at 7,641.16 (-0.87% on the session). S&P 500 -0.87%, NASDAQ Composite -1.00%, Dow Jones Industrial Average -1.32%, Russell 2000 -1.34%.
◆ Index Board — Today's CloseS&P 500 S&P 500 · 7,641.16 · -0.87% on the day -0.87% NASDAQ Composite NASDAQ Composite · 26,067.17 · -1.00% on the day -1.00% Dow Jones Industrial Dow Jones Industrial Average · 52,759.21 · -1.32% on the day -1.32% Russell 2000 Russell 2000 · 2,992.43 · -1.34% on the day -1.34% CBOE Volatility CBOE Volatility Index · 15.41 · -3.75% on the day -3.75% Change on the day for the major indices. VIX sits in the metric strip above — it reads inversely, so it is kept out of this scale.
◆ Overnight FuturesS&P Futures S&P Futures · 7,703.25 · +0.53% +0.53% Nasdaq Futures Nasdaq Futures · 29,529 · +0.78% +0.78% Dow Futures Dow Futures · 53,202 · +0.67% +0.67% Russell 2000 Futures Russell 2000 Futures · 3,024.9 · +0.86% +0.86%
◆ Overnight Headlines
SEEKING ALPHA 3m ago
DXY TLT SPY IEF
BLOOMBERG 6m ago
Molly Brooks, US rates strategist at TD Securities, sees the potential for an “asymmetric risk” to markets from Federal Reserve Chairman Kevin Warsh’s comments in Jackson Hole next
◆ Signal StandoutsAcross 3,095 signals, 34% read bullish (217 Strong Buy / 835 Buy) vs 683 bearish. Breadth is narrowing (-1.1% vs yesterday).
Signal breadth — last 10 sessions 34%
2026-08-10 low 34% · high 44% 2026-08-21
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: TSM · SPCX · LLY · MU · V · XOM · PLTR · CVX · NVS · PM · AMGN · ANET
Strong Sell standouts: META · WMT · LIN · MCD · BA · ISRG · SYK · SO · APP · CEG · DUK · CME
See full signals →
◆ Sector Setup
Leading the tape today at +0.27%.
Leading the tape today at +0.20%.
◆ Economic Snapshot
Fed Funds Rate
3.63% YoY -16.2%
Unemployment Rate
4.1% YoY +0.0%
Inflation Rate (YoY)
3.3%
GDP Growth
1.5% YoY -40.0%
10-Year Treasury
4.65% YoY -1.1%
Consumer Sentiment
49.5 YoY -18.5%
Year-over-year movement
Fed Funds Rate Fed Funds Rate: 3.63% · -16.2% year over year -16.17% Unemployment Rate Unemployment Rate: 4.1% · +0.0% year over year +0.00% Inflation Rate (YoY) Inflation Rate (YoY): 3.3% · +0.0% year over year +0.00% GDP Growth GDP Growth: 1.5% · -40.0% year over year -40.00% 10-Year Treasury 10-Year Treasury: 4.65% · -1.1% year over year -1.06% Consumer Sentiment Consumer Sentiment: 49.5 · -18.5% year over year -18.45%
◆ Catalyst Calendar10 IPO(s), 0 corporate event(s), and 6 notable earnings on the calendar ahead.
IPO POCH — Poche Technology Co. LtdIPO FIT — Fitness Fanatics Ltd.IPO SDLV — Student Living EduVation Holdings Corp.IPO VAT — Varsal Tech IncIPO ALPX — Alopexx IncIPO BMF — Bang Mai Fang HoldingsIPO MOT — MetaOptics Ltd.IPO JTTT — Jatt III Acquisition Corp.IPO HCPC — HengHong Technology Inc.IPO MDRN — Modern Mining Technology Corp
◆ IPO Radar — Upcoming Listings & Pipeline News
Sort by listing date, days out, or offer range · amber = news-estimated date
Ticker Company Listing Date In Offer Range Exchange
POCH Poche Technology Co. Ltd
TBA — $5–$7 XNAS
FIT Fitness Fanatics Ltd.
TBA — $5 XNAS
SDLV Student Living EduVation Holdings Corp.
TBA — $4 XNAS
VAT Varsal Tech Inc
TBA — $5.5 XASE
ALPX Alopexx Inc
TBA — $10–$12 XASE
BMF Bang Mai Fang Holdings
TBA — $5 XNAS
MOT MetaOptics Ltd.
TBA — $5–$7 XNAS
JTTT Jatt III Acquisition Corp.
TBA — $10 XNAS
HCPC HengHong Technology Inc.
TBA — $6–$7 XNAS
MDRN Modern Mining Technology Corp
TBA — $4.25 XASE
Listing-pipeline headlines
BLOOMBERG 1h ago
Anthropic expects to match or beat the size of SpaceX’s record-setting initial public offering, according to people familiar with the matter, in the latest sign of overwhelming dem
THE MOTLEY FOOL 2h ago
Reddit has been added to the S&P 500 mid-quarter and is up 365% since its IPO. Despite strong Q2 earnings with 61% revenue growth and 178% EPS growth, the stock sold off due to dec
FORTUNE 2h ago
In today's edition: Anthropic IPO, Trump digs data centers, SuperMicro's investigation, ChatGPT Apple Messages, Slack, Poolside Nvidia deal, Broadcom, Airwallex
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies .
◆ Private Markets & Pre-IPO Activity8 fresh private-market events in the window — most recent: OpenRouter ($7,500M), led by Stripe. Most active lead investor: Sequoia Capital (4 deals).
Date Company Event Amount Lead Investor
2026-08-19 OpenRouter · AI Acquisition $7,500M led by Stripe
$7.5B Stripe
2026-08-19 Castelion · Defense Series C $800M led by JPMorganChase's Strategic Investment Group, Andreessen Horowitz & Ca
$800M JPMorganChase's Strategic Investment Group, Andreessen Horowitz & Carlyle
2026-08-18 Rillet · Fintech Series C $100M led by ICONIQ
$100M ICONIQ
2026-08-17 Higgsfield · AI Series B $400M led by DST Global
$400M DST Global
2026-08-10 Cambridge Aerospace · Defense Series C $300M led by DFJ Growth
$300M DFJ Growth
2026-08-10 Edgify · Artificial Intelligence Series A $9M led by Rank Ventures and Mangrove Capital Partners
$9M Rank Ventures and Mangrove Capital Partners
2026-08-10 Visoid · Artificial Intelligence Funding round $3M led by Skyfall Ventures
$3M Skyfall Ventures
2026-08-09 SiteVue AI · AI Seed $8M led by Penny Jar Capital & Overture
$8M Penny Jar Capital & Overture
Track 2,153 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals .
◆ Round Sizes — Recent RaisesOpenRouter OpenRouter · Acquisition $7,500M led by Stripe · valuation $7.0B — open the company page $7.5B Castelion Castelion · Series C $800M led by JPMorganChase's Strategic Investment Group, Andreessen Hor · valuation $13.0B — open the company page $800M Rillet Rillet · Series C $100M led by ICONIQ · valuation $1.0B — open the company page $100M Higgsfield Higgsfield · Series B $400M led by DST Global · valuation $5.4B — open the company page $400M Cambridge Aerospac Cambridge Aerospace · Series C $300M led by DFJ Growth · valuation $3.4B — open the company page $300M Edgify Edgify · Series A $9M led by Rank Ventures and Mangrove Capital Partners — open the company page $9M Visoid Visoid · Funding round $3M led by Skyfall Ventures — open the company page $3M SiteVue AI SiteVue AI · Seed $8M led by Penny Jar Capital & Overture — open the company page $8M Bar = amount raised · click through to the company's pre-IPO page.
Where the money went — sector split
AI $7.9B: 7,907,500,000 Defense $1.1B: 1,100,000,000 Fintech $100M: 100,000,000 Artificial Intelligence $12M: 11,500,000 Most active lead investors (last 45 days)
Sequoia Capital · 4 deals · $2.4BGreenoaks · 4 deals · $570MSituational Awareness · 3 deals · $1.2BAMD · 2 deals · $10.0BNvidia & Coatue · 2 deals · $4.0B
◆ Trading ImplicationsWatch breadth, not just the index. Universe breadth is narrowing — leadership is thinning even if indices hold up.Let regime set your risk. Position size and stop placement should scale with volatility; elevated VIX argues for wider stops and smaller size, calm tape allows tighter risk.Respect the rate backdrop. Moves in the 10-year yield ripple into duration-sensitive growth and rate-sensitive sectors — watch yields alongside the equity tape.Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.
◆ Deep DiveReading Signal Breadth
Breadth — the share of the universe flashing bullish 5-factor signals — is a participation gauge. Broadening breadth means more names are joining the move (healthier trend); narrowing breadth with indices still rising means leadership is thinning and the rally is leaning on fewer shoulders, which historically precedes choppier tape. Watch breadth alongside the index level, not in isolation.
QuantLogix briefings are educational market commentary generated from live data, not investment advice. Signals are quantitative model outputs, not recommendations. Markets carry risk of loss.