Broad sell-off across all four major indices as August CPI holding at 3.3% YoY locks in the case for a Fed hike rather than a cut. Russell 2000 led declines at -1.04%, with Technology (-1.41%) and Materials (-1.23%) the weakest sectors; only Comm. Svcs (+0.60%) and Cons. Staples (+0.05%) held green. VIX rose 0.85% to 16.6, still subdued but ticking higher into the close. Single-name action was dominated by micro-cap melt-ups — TNON +54.4%, ACVA +44.7% — while PMTS -16.9% and AEHL -16.5% led losers. Futures are bid overnight: S&P +0.82%, Nasdaq +0.95%, suggesting the cash session's risk-off move may partially reverse at the open.
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.
Bullish breadth sits at just 21.8% of the 4,874-name universe, down 6.3 points from yesterday — a meaningful narrowing that confirms the cash session's risk-off tone was broad, not idiosyncratic. With 2,819 names at neutral and the buy/strong-buy bucket at only 1,063 combined versus 992 in sell/strong-sell, participation is thinning toward the sidelines. Strong-buy samples skew toward small-cap energy and shipping (CRUS, SEDG, IMPP, ASO), while strong-sells cluster in AI/defense (OKLO, AVAV, VRT) and high-multiple quality (QLYS, FRPT, RH) — leadership is rotating, not expanding.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: CRUS · VEON · ASO · SEDG · BAND · SION · INDP · IMPP · CSTE · CTOR · MNOV · ACFN
Strong Sell standouts: VRT · AVAV · OKLO · ERAS · QLYS · FRPT · RH · BOBS · COAG · TMC · PRKS · BXBL
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| MSFT | 2026-09-12 | today | +31.8% | +17.7% |
| AVGO | 2026-09-30 | 18d | +85.4% | +47.9% |
| TSLA | 2026-11-14 | 63d | -3.0% | +25.5% |
| AAPL | 2026-11-21 | 70d | +28.7% | +16.4% |
| XOM | 2026-11-24 | 73d | +112.2% | +42.3% |
| JPM | 2026-11-29 | 78d | +46.9% | +27.7% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
MSFT earnings land tomorrow (Sept 12), the only mega-cap catalyst on the immediate calendar and a key read on whether AI capex sentiment holds. IPO pipeline is active next week with Orion180 Insurance Group (OIG, $15–17 range on Nasdaq) and Holtec Nuclear (HNUC, $15–18, expected Sept 17) as the notable pricings.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| HNUC | Holtec Nuclear Corp. | 2026-09-17est. | 6d | $15–$18 | XNAS |
| OIG | Orion180 Insurance Group Inc. | 2026-09-18 | 7d | $15–$17 | XNAS |
| ASBH | American Savings Bank N.A. | TBA | — | $15–$17 | XNYS |
| JRWP | Jingrui Wang Pu Holdings Group Ltd. | TBA | — | $4–$6 | XNAS |
| VCCG | V Capital Consulting Group Ltd | TBA | — | $4 | XNAS |
| ADRX | ADARx Pharmaceuticals Inc. | TBA | — | — | XNAS |
| CGL | CGL Logistics Holdings Ltd | TBA | — | $4 | XNAS |
| CMBY | Cumberland Farms Ltd. | TBA | — | — | XNAS |
| IVAI | Ives Ultra AI Opportunities Inc. | TBA | — | — | XNYS |
| LPNE | LiPower New Energy Holdings Ltd. | TBA | — | $6 | XNAS |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
AI infrastructure dominated the private tape yesterday: Positron AI closed a $875M Series C at a $5B valuation led by NEA and Valor Equity Partners, while HyperAccel has a $150M Series B pending from Korea Investment Partners. Sequoia Capital remains the most active lead with 6 deals totaling $2.17B deployed.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-09-10 | Positron AI · AI | Series C $875M led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Semi | $875M | NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, Jim Clark (co-leads) |
| 2026-09-10 | Graph AI · Enterprise Systems (Healthcare) | Series A $13M led by Insight Partners | $13M | Insight Partners |
| 2026-09-10 | Wyre AI · Construction Technology | Pre-seed and Seed $5M led by Ironspring Ventures | $5M | Ironspring Ventures |
| 2026-09-10 | Cherub · Fintech | Pre-Seed $5M | $5M | — |
| 2026-09-10 | HyperAccel · AI | Series B (PENDING - not closed) $150M led by Korea Investment Partners; Company K Partners | $150M | Korea Investment Partners; Company K Partners |
| 2026-09-10 | Xapien · Financial Software | Series B $56M led by Spectrum Equity | $56M | Spectrum Equity |
| 2026-09-09 | Harvey · Legal Tech | Later Stage VC $550M led by Diffusion / Lightspeed Venture Partners (co-led) | $550M | Diffusion / Lightspeed Venture Partners (co-led) |
| 2026-09-09 | Listen Labs · Artificial Intelligence | Series C (SIGNED THEN ABANDONED - never closed) $125M led by Menlo Ventures (set to lead) | $125M | Menlo Ventures (set to lead) |
Track 2,380 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 6.3-point drop in bullish breadth to 21.8% is the kind of move that matters more than the index-level drawdown. When breadth narrows this sharply — especially with 2,819 of 4,874 names sitting at neutral — it signals participants are de-risking into cash equivalents rather than rotating into new leadership. The strong-sell list confirms this: it's not just low-quality names (BOBS, ERAS) but also high-multiple quality (QLYS, FRPT, RH) and momentum darlings (OKLO, AVAV, VRT). A market that sells quality alongside speculative names is one where the risk-off move is structural, not selective. The overnight futures bid is the first test of whether this narrowing reverses or confirms.