Risk-off tape: the S&P 500 fell 0.75% to 7706, the Nasdaq dropped 1.13%, and the Russell 2000 lagged badly at -1.77% as the 10-year sits at 4.96%. VIX rose 5.01% to 15.94 but remains subdued in absolute terms. Energy (+0.95%) was the only sector in the green while Utilities (-1.92%) and Real Estate (-1.55%) led the downside — classic rate-sensitive pain. Single-name action was speculative: SRZN ripped +84.28% while ARTL collapsed -30.92%. Headlines skewed macro, with Barclays arguing for staying long stocks despite rising yields and jobless claims holding near historic lows at 197,000.
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 thin: just 18.7% of 4,491 names carry bullish signals, with 3,045 neutral and 604 in sell territory. Breadth slipped another 0.8 points versus yesterday, officially flat but directionally negative — leadership is already narrow and the Energy sector's lone-green session confirms it. In a rising-rate regime with 68% of the universe neutral, the signal distribution argues for caution on new longs until breadth inflects higher.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: MANE · KLIC · ALNT · VPG · TJGC · TRT · SPWH · FGNX · PDC · CFND · CLGN · LNKS
Strong Sell standouts: UBS · RL · FLUT · SNEX · ZG · Z · CAR · WGS · AMR · FMC · BRBR · HTZ
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| MSFT | 2026-10-26 | 32d | +31.8% | +17.7% |
| TSLA | 2026-11-16 | 52d | -3.0% | +25.5% |
| AAPL | 2026-11-23 | 60d | +28.7% | +16.4% |
| XOM | 2026-11-24 | 60d | +112.2% | +42.3% |
| JPM | 2026-11-30 | 67d | +46.9% | +27.7% |
| NVDA | 2026-12-17 | 84d | +127.8% | +105.9% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
The event calendar is light: ADARx Pharmaceuticals (ADRX) prices tomorrow with a $15-$17 range, and AMRO priced today at $7.06, but no corporate events are on the board. Major earnings are weeks out — MSFT in 32 days is the nearest of the big six.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| IAM | Iambic Therapeutics Inc. | 2026-09-21est. | listed | — | XNAS |
| AMRO | Amaero Inc. | 2026-09-24 | listed | $7.06 | XNAS |
| ADRX | ADARx Pharmaceuticals Inc. | 2026-09-25 | 1d | $15–$17 | XNAS |
| ACCV | Accelevation Holdings Corp. | 2026-09-30 | 6d | $20–$24 | XNAS |
| OURA | Oura Inc. | 2026-09-30 | 6d | $40–$44 | XNAS |
| STNF | Santa Ana Global Enterprises S.A. | TBA | — | $13–$15 | XASE |
| FYH | Sprout Red International Ltd. | TBA | — | — | XNAS |
| NSCL | Nscale Ltd. | TBA | — | — | XNYS |
| SKUB | Skubbs Holdings Ltd. | TBA | — | $5 | XNAS |
| VME | VME Companies Inc. | TBA | — | — | XNAS |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
The private tape stays hot: Crusoe Energy Systems raised a $3.9B Series F at a $30.9B valuation led by Atreides Management, Mubadala Capital, and Valor Equity Partners, and Rainmaker added a $100M Series B — while a16z leads the most active investors with 7 deals totaling $774M, and UAE-affiliated entities have deployed $6B across 2 deals. Late-stage AI/infrastructure capital is where the concentration sits.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-09-22 | Atum · Financial Software | Undisclosed (stealth emergence) $14M | $14M | — |
| 2026-09-22 | Baselayer · Fintech | Series A $35M led by M13 | $35M | M13 |
| 2026-09-21 | Rainmaker · Climate | Series B $100M | $100M | — |
| 2026-09-21 | Feldera · Database Software | Series A led by Inovia Capital | — | Inovia Capital |
| 2026-09-21 | Corridor · Insurtech | Seed $25M led by Bain Capital Ventures | $25M | Bain Capital Ventures |
| 2026-09-17 | Crusoe Energy Systems · Energy | Series F $3,900M led by Atreides Management, Mubadala Capital and Valor Equity Partners | $3.9B | Atreides Management, Mubadala Capital and Valor Equity Partners |
| 2026-09-17 | MIND · Cybersecurity | Series B $72M led by Crosspoint Capital Partners | $72M | Crosspoint Capital Partners |
| 2026-09-17 | Watney Robotics · Robotics | Series A $80M led by Valor Atreides AI Fund and Hummingbird Ventures | $80M | Valor Atreides AI Fund and Hummingbird Ventures |
Track 2,523 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.
When only one of eleven sectors closes positive on a broad index decline, that's a narrow tape — and the composition of the winner tells you the story. Energy's +0.95% against Utilities' -1.92% is a rate trade in disguise: with the 10-year at 4.96%, income-like sectors get repriced fastest while commodity-linked names can decouple on their own supply-demand math. Track the spread between the best and worst sector (today nearly 3 points) as a regime gauge — when it compresses, participation is broadening; when it widens further, leadership keeps thinning and index-level moves become increasingly dependent on a single sector's bid.