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QUANTLOGIX DAILY BRIEF
THURSDAY · 09/17/2026 PRE-MARKET
S&P Futures
7,718.25
+1.25%
Nasdaq Futures
29,716.5
+1.57%
10Y Yield
5%
+0.60%
Macro Sentiment
56/100
Neutral
Signal Breadth
25%
bearish

Market Pulse

The cash tape sold off into the close with the Dow -1.21% and S&P -0.45%, while the Nasdaq held essentially flat at -0.01% — but overnight futures are sharply bid across the board, with Nasdaq futures +1.57% and S&P futures +1.25%. Energy (-2.88%) and Financials (-1.62%) led the decline; Technology (+0.1%) and Health Care (+0.07%) were the only sectors in the green. VIX imploded -9.94% to 15.49, a striking vol compression against a down spot day. Single-name action was dominated by AEMD (+434%) on the upside and LGVN (-51.65%) and FLNC (-22.98%) on the downside.

Index Board — Today's Close

S&P 500S&P 500 · 7,551.81 · -0.45% on the day-0.45%NASDAQ CompositeNASDAQ Composite · 25,978.42 · -0.01% on the day-0.01%Dow Jones IndustrialDow Jones Industrial Average · 51,461.9 · -1.21% on the day-1.21%Russell 2000Russell 2000 · 2,858.81 · -0.40% on the day-0.40%CBOE VolatilityCBOE Volatility Index · 15.49 · -9.94% on the day-9.94%

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 Futures

S&P FuturesS&P Futures · 7,718.25 · +1.25%+1.25%Nasdaq FuturesNasdaq Futures · 29,716.5 · +1.57%+1.57%Dow FuturesDow Futures · 52,538 · +1.20%+1.20%Russell 2000 FuturesRussell 2000 Futures · 2,920.7 · +1.33%+1.33%

Overnight Headlines

COINDESK1m ago
The U.S. Securities and Exchange Commission issued a blanket 5-year exemption for listing and trading tokenized securities without registering as an exchange.
THE BLOCK1m ago
The SEC released its 'innovation exemption,' positioning the measure as a response to the Senate's failure to advance crypto legislation.

Signal Standouts

The 4800-name universe shows 24.6% bullish breadth with a +2.3pt delta versus yesterday — direction is broadening, meaning participation is extending beyond a narrow leadership cohort even as spot closed lower. With 1,157 buy signals versus 817 sells and 2,763 neutral, the distribution skews cautiously constructive rather than aggressively risk-on, consistent with a market where the overnight futures bid has more momentum conviction than the cash session did.

25%BULLISH
Strong Buy
24
Buy
1,157
Neutral
2,763
Sell
817
Strong Sell
39
Signal breadth — last 29 sessions25%
2026-08-10low 19% · high 44%2026-09-17

Hover the line (or focus it and use ← →) to read any single session.

Strong Buy standouts: GH · SMTC · IOVA · ABCL · EMAT · SABR · BBSI · BUUU · VBNK · PROK · SUPX · PDEX

Strong Sell standouts: FDXF · CSL · GKOS · IONS · IBP · HLNE · HP · SHAK · BOBS · ANRO · WINA · RHLD

See full signals →

Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
MSFT 2026-10-26 38d +31.8% +17.7%
TSLA 2026-11-16 60d -3.0% +25.5%
AAPL 2026-11-23 66d +28.7% +16.4%
XOM 2026-11-24 68d +112.2% +42.3%
JPM 2026-11-30 73d +46.9% +27.7%
NVDA 2026-12-17 91d +127.8% +105.9%

Sector Setup

Technology
BULLISH
Only major sector in the green at +0.1% with Nasdaq resilience and Applied Materials' $5B India investment reinforcing chip-capex narrative.
Health Care
BULLISH
Second-best sector at +0.07% with multiple strong-buy signals (GH, IOVA, ABCL) appearing in the universe distribution.
Financials
BEARISH
Down -1.62% as the 10Y at 5% and GDP growth of just 1.5% pressure the yield-spread and credit-demand thesis simultaneously.
Energy
BEARISH
Worst-performing sector at -2.88%, suggesting supply or demand concerns weighing on the complex with no offsetting headline support.
Cons. Disc.
NEUTRAL
Off -0.63% with consumer sentiment at 55.2 (-10.5% YoY) providing a fundamental headwind, but futures strength overnight keeps it from a outright bear call.
Comm. Svcs
NEUTRAL
Down -0.9% despite the SEC's tokenized-securities exemption headline, which may be a longer-tailed positive not yet reflected in spot prices.

Economic Snapshot

Fed Funds Rate
3.63%YoY -16.2%
Unemployment Rate
4.1%YoY -4.7%
Inflation Rate (YoY)
3.35%
GDP Growth
1.5%YoY -40.0%
10-Year Treasury
5%YoY +7.1%
Consumer Sentiment
55.2YoY -10.5%

Year-over-year movement

Fed Funds RateFed Funds Rate: 3.63% · -16.2% year over year-16.17%Unemployment RateUnemployment Rate: 4.1% · -4.7% year over year-4.65%Inflation Rate (YoY)Inflation Rate (YoY): 3.35% · +0.0% year over year+0.00%GDP GrowthGDP Growth: 1.5% · -40.0% year over year-40.00%10-Year Treasury10-Year Treasury: 5% · +7.1% year over year+7.07%Consumer SentimentConsumer Sentiment: 55.2 · -10.5% year over year-10.53%

Catalyst Calendar

Calendar is moderately active near-term: Electra Therapeutics (ETRA, $14-16 range) and Orion180 Insurance (OIG, $15-17) price tomorrow, with Amaero (AMRO) and Bamboo Insurance (BMB) on 9/23. Earnings are thin — next major prints are MSFT on 10/26 and TSLA on 11/16.

  • IPO BYOP — KiNRG Inc.
  • IPO AMRO — Amaero Inc. · 2026-09-23
  • IPO BMB — Bamboo Insurance Services Inc. · 2026-09-23
  • IPO ETRA — Electra Therapeutics Inc · 2026-09-18
  • IPO HFE — Hao Feng Group Ltd.
  • IPO OIG — Orion180 Insurance Group Inc. · 2026-09-18
  • IPO JRWP — Jingrui Wang Pu Holdings Group Ltd.
  • IPO VCCG — V Capital Consulting Group Ltd
  • IPO HNUC — Holtec Nuclear Corp.
  • IPO ADRX — ADARx Pharmaceuticals Inc.

IPO Radar — Upcoming Listings & Pipeline News

Sort by listing date, days out, or offer range · amber = news-estimated date
TickerCompanyListing DateInOffer RangeExchange
HNUC Holtec Nuclear Corp. 2026-09-17est. listed $15–$18 XNAS
ETRA Electra Therapeutics Inc 2026-09-18 1d $14–$16 XNAS
OIG Orion180 Insurance Group Inc. 2026-09-18 1d $15–$17 XNAS
AMRO Amaero Inc. 2026-09-23 6d $7.06 XNAS
BMB Bamboo Insurance Services Inc. 2026-09-23 6d $18–$20 XNYS
BYOP KiNRG Inc. TBA $4–$5 XASE
HFE Hao Feng Group Ltd. TBA $6.5 XASE
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

Listing-pipeline headlines

GLOBENEWSWIRE INC.1h ago
Westwood Holdings Group launched PWRX, the first ETF to debut on the newly opened Texas Stock Exchange. The actively managed fund focuses on power and infrastructure companies posi
FORTUNE1h ago
"I would burn my equity to the ground in a heartbeat for a 1% higher chance we make it out of this situation alive,” wrote one researcher.

Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.

Private Markets & Pre-IPO Activity

Private tape is active: Impulse Space closed a $308M Series D extension at a $5.6B valuation on 9/16, and Arcee AI raised $150M Series B at $1B led by Vista Equity Partners. Sequoia Capital co-led Profound's $180M Series D at $1.8B, and Andreessen Horowitz remains the most active lead investor with 5 deals totaling $694M.

DateCompanyEventAmountLead Investor
2026-09-16 Impulse Space · Defense & Space Series D extension $308M $308M
2026-09-16 Arcee AI · AI Series B $150M led by Vista Equity Partners / Cambium Capital / Emergence Capital (co-led) $150M Vista Equity Partners / Cambium Capital / Emergence Capital (co-led)
2026-09-15 Factory · Developer Tools Growth round (series undisclosed) $200M $200M
2026-09-15 Profound · AI Series D $180M led by Sequoia Capital / Kleiner Perkins (co-led) $180M Sequoia Capital / Kleiner Perkins (co-led)
2026-09-15 Instinct · AI New round — IN TALKS, not closed
2026-09-15 TypeSafe AI · AI Seed $40M led by DCVC $40M DCVC
2026-09-14 Temporal · Software Development Applications Series E $550M led by Lightspeed $550M Lightspeed
2026-09-14 Cornelis Networks · AI Series C $205M led by IAG Capital Partners $205M IAG Capital Partners

Track 2,425 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.

Round Sizes — Recent Raises

Impulse SpaceImpulse Space · Series D extension $308M · valuation $5.6B — open the company page$308MArcee AIArcee AI · Series B $150M led by Vista Equity Partners / Cambium Capital / Emergence Capita · valuation $1.0B — open the company page$150MFactoryFactory · Growth round (series undisclosed) $200M · valuation $5.0B — open the company page$200MProfoundProfound · Series D $180M led by Sequoia Capital / Kleiner Perkins (co-led) · valuation $1.8B — open the company page$180MTypeSafe AITypeSafe AI · Seed $40M led by DCVC · valuation $200M — open the company page$40MTemporalTemporal · Series E $550M led by Lightspeed · valuation $12.6B — open the company page$550MCornelis NetworksCornelis Networks · Series C $205M led by IAG Capital Partners — open the company page$205M

Bar = amount raised · click through to the company's pre-IPO page.

Where the money went — sector split

AI $575M: 575,000,000Software Development Applications $550M: 550,000,000Defense & Space $308M: 308,000,000Developer Tools $200M: 200,000,000

Most active lead investors (last 45 days)

Andreessen Horowitz · 5 deals · $694MSequoia Capital · 4 deals · $170MInsight Partners · 4 deals · $141MAndreessen Horowitz / Accel / Founders Fund / General Catalyst / Avenir (co-led) · 2 deals · $4.0BNvidia & Coatue · 2 deals · $4.0B

Trading Implications

Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.

Deep Dive

Why broadening breadth on a down-vol day matters

Breadth expanding +2.3pts while the VIX drops nearly 10% is an uncommon pairing. Normally, falling vol coincides with narrowing leadership as capital concentrates in a few names. When breadth broadens instead, it means new longs are being initiated across a wider universe — the AEMD +434% and GNRC +32% type moves are not just index-driven flows but idiosyncratic repositioning. This pattern is historically associated with early-stage regime transitions where de-grossing on shorts precedes a directional move. The risk is that breadth can reverse quickly if the overnight futures bid fails to hold, so the open is the critical test.

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.