Risk-off tape today: the S&P 500 closed down 0.28% at 7,652.86 and the NASDAQ dropped 0.77% to 25,980.19 while the Dow held green at 53,417.16 (+0.26%) on defensive rotation into Staples and Financials. The Russell 2000 fell 0.76% and the VIX rose 4.69% to 15.84, reflecting the reality-check narrative from rising real yields. Cons. Staples led sectors at +1.7% while Technology lagged at -1.78%; single-name standouts included DAIC (+116.92%) and DKS (-18.70%). Futures are bid overnight with Nasdaq Futures up 0.79% as chipmakers gain ahead of Nvidia's earnings cycle.
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.
Every bar opens the sector ETF's live page.
QL signal universe · click a bar for the live 5-factor read.
QL signal universe · click a bar for the live 5-factor read.
Universe breadth is flat at 35.7% bullish (-0.4 pts vs. yesterday), confirming the tape's narrow leadership rather than a broad risk-off shift. With 1,424 of 3,066 names sitting neutral, the distribution shows participation is thinning at the margins — strong buys cluster in energy and materials (TTE, AEM, LNG) while strong sells skew toward defense and speculative tech (RKLB, AVAV, LUNR). The flat breadth reading despite a rising VIX suggests positioning adjustment within sectors rather than a wholesale de-risking event.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: TTE · AEM · B · BE · LNG · ALAB · VG · ILMN · U · WES · NTNX · WF
Strong Sell standouts: RKLB · AVAV · INGR · FRVO · HLNE · PARR · IPGP · LUNR · EFXT · MLYS · LCID · NYAX
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| MSFT | 2026-09-12 | 18d | +31.8% | +17.7% |
| AVGO | 2026-09-30 | 36d | +85.4% | +47.9% |
| WMT | 2026-10-10 | 46d | +19.6% | +7.3% |
| NVDA | 2026-10-24 | 59d | +214.5% | +85.2% |
| TSLA | 2026-11-14 | 81d | -3.0% | +25.5% |
| AAPL | 2026-11-21 | 88d | +28.7% | +16.4% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
IPO calendar shows six filings in the pipeline (BIAI, UDUD, KVLT, OIG, CHWM, TIWD) but no dates set. The near-term earnings focus is MSFT on Sept 12 (18 days out), with NVDA not reporting until Oct 24 — though futures are already pricing in chipmaker strength ahead of that cycle.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| BIAI | Bitari Inc. | TBA | — | $7–$7 | XNAS |
| UDUD | UDynamics Ltd. | TBA | — | $5–$7 | XNAS |
| KVLT | CoVolt Power Inc. | TBA | — | — | XNYS |
| OIG | Orion180 Insurance Group Inc. | TBA | — | — | XNAS |
| CHWM | Chilwa Minerals Ltd | TBA | — | — | XNAS |
| TIWD | Timwood Holdings Ltd. | TBA | — | $4–$6 | XNAS |
| SDLV | Student Living EduVation Holdings Corp. | TBA | — | $4 | XNAS |
| POCH | Poche Technology Co. Ltd | TBA | — | $5–$7 | XNAS |
| FIT | Fitness Fanatics Ltd. | TBA | — | $5 | XNAS |
| BMF | Bang Mai Fang Holdings | TBA | — | $5 | XNAS |
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
Private tape is active: Castelion's $800M Series C (Aug 19, $13B valuation led by JPMorgan Strategic Investment Group, a16z, and Carlyle) is the standout deal, followed by Higgsfield's $400M Series B at a $5.4B valuation led by DST Global. Sequoia Capital remains the most active lead with 6 deals totaling $2.48B, and AMD's corporate venture arm has deployed $10B across 2 deals — a signal that chip-AI infrastructure capital is flowing into late-stage private rounds.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-08-20 | Muon Space · Space | Series C $250M led by Eclipse Capital | $250M | Eclipse Capital |
| 2026-08-20 | Frontieras · Energy | Series Unknown $45M | $45M | — |
| 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 |
| 2026-08-19 | Rundoo · Retail | Series B $30M | $30M | — |
| 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 |
| 2026-08-12 | Remepy · Biotech | Series A $36M | $36M | — |
| 2026-08-11 | Aureka Biotechnologies · Biotechnology | Series B $100M led by Granite Asia | $100M | Granite Asia |
Track 2,185 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.
Bar = amount raised · click through to the company's pre-IPO page.
Where the money went — sector split
Most active lead investors (last 45 days)
Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.
Today's action is a textbook real-yield rotation: when the 10-year Treasury rises toward 4.74% while inflation stays at 3.3%, the real rate compresses the present value of future cash flows — hitting long-duration growth names hardest. That's why Technology (-1.78%) sold off while short-duration, cash-generative sectors like Staples (+1.7%) and Financials (+1.29%) caught the bid. The VIX rising 4.69% without a corresponding breadth collapse confirms this is a duration repricing, not a credit event. For positioning, the key watch is whether the 10-year holds above 4.70% — if it does, the defensive rotation has legs; if it rolls back, the tech bounce in overnight futures (Nasdaq Futures +0.79%) becomes the next leg.