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◆QUANTLOGIX DAILY BRIEF
MONDAY · 09/28/2026 PRE-MARKET
S&P Futures
7,778.5
-0.32%
Nasdaq Futures
30,732
-0.51%
10Y Yield
5.18%
+1.37%
Macro Sentiment
56/100
Neutral
Signal Breadth
26%
bearish

◆ Market Pulse

Equities closed higher with the Dow up 0.93% to 51,828.62 leading the tape, the S&P 500 adding 0.51% to 7,743.41 and the Nasdaq gaining 0.48%, while the Russell 2000's 0.07% nudge flagged listless small-cap participation. Industrials (+0.95%) led sectors, with Communication Services (-0.90%) and Energy (-0.89%) lagging. KOD doubled (+100.93%) as the day's top gainer while MDB fell 19.36% after Meta hired away its CEO. With the 10-year at 5.18% and oil rising, stock futures point lower to start the week (S&P -0.32%) and the VIX is up 7.73% at 16.02.

◆ Index Board — Today's Close

S&P 500S&P 500 · 7,743.41 · +0.51% on the day+0.51%NASDAQ CompositeNASDAQ Composite · 27,068.72 · +0.48% on the day+0.48%Dow Jones IndustrialDow Jones Industrial Average · 51,828.62 · +0.93% on the day+0.93%Russell 2000Russell 2000 · 2,837.55 · +0.07% on the day+0.07%CBOE VolatilityCBOE Volatility Index · 16.02 · +7.73% on the day+7.73%

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 · 7,778.5 · -0.32%-0.32%Nasdaq FuturesNasdaq Futures · 30,732 · -0.51%-0.51%Dow FuturesDow Futures · 51,914 · -0.48%-0.48%Russell 2000 FuturesRussell 2000 Futures · 2,844.8 · -0.51%-0.51%

◆ Overnight Headlines

CNBC1m ago
Desai will lead the new Meta Enterprise Platform unit and report to CEO Mark Zuckerberg.
CNBC5m ago
Stock futures fell early Monday, weighed down by a jump in oil prices and Treasury yields to start the week.

◆ Signal Standouts

Across 4,696 counted names, 26.1% screen bullish (1,214 buy, 13 strong buy) versus 807 sell-side signals, and breadth narrowed 2.8 points from yesterday. Index gains on thinning breadth mean leadership is concentrating — fewer names are carrying the tape, so participation quality matters more than index level here. The 13-name strong-buy list skews to small caps (SILC, YDES, EAF) while the strong-sell cohort includes larger infrastructure and software names (UI, APPN).

26%BULLISH
Strong Buy
13
Buy
1,214
Neutral
2,662
Sell
774
Strong Sell
33
Signal breadth — last 36 sessions26%
2026-08-10low 19% · high 44%2026-09-28

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

Strong Buy standouts: SILC · YDES · EAF · SRFM · LINK · NA · MIRA · EEIQ · SONM · TWAV · GRI · SXTP

Strong Sell standouts: UI · FIG · APPN · NKTR · TBN · ANRO · SEG · AARD · TRT · AIRT · DTCX · QXL

See full signals →

◆ Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
MSFT 2026-10-26 28d +31.8% +17.7%
TSLA 2026-11-16 48d -3.0% +25.5%
AAPL 2026-11-23 56d +28.7% +16.4%
XOM 2026-11-24 56d +112.2% +42.3%
JPM 2026-11-30 63d +46.9% +27.7%
NVDA 2026-12-17 80d +127.8% +105.9%

◆ Sector Setup

Industrials
BULLISH
Led all sectors at +0.95% and powered the Dow's 0.93% advance, the strongest cyclical footprint of the session.
Financials
BULLISH
Gained 0.57% with the 10-year at 5.18%, keeping the rate environment workable for the group.
Technology
NEUTRAL
Up 0.80% on the day, but MDB's -19.36% plunge shows the sector's single-name headline risk.
Energy
BEARISH
Fell 0.89% despite the oil bid cited in the tape, a divergence worth monitoring.
Comm. Svcs
BEARISH
Worst sector at -0.90%, the clear demand laggard of the session.
Real Estate
BEARISH
Down 0.22%, the only other decliner, as 5.18% yields pressure rate-sensitive cash flows.

◆ 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
5.18%YoY +7.9%
Consumer Sentiment
51.7YoY -11.2%

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: 5.18% · +7.9% year over year+7.92%Consumer SentimentConsumer Sentiment: 51.7 · -11.2% year over year-11.17%

◆ Catalyst Calendar

The primary catalyst is the IPO window: Oura (OURA) is dated for Sept. 30 with a $40-$44 range, after SOUD priced at $11 and FLSC at $10. The earnings calendar is quiet — the nearest mega-cap report is MSFT on Oct. 26, 28 days out.

  • IPO CTY — City Therapeutics Inc.
  • IPO SOUD — Hacker Interstellar Inc.
  • IPO FLSC — Frazier Life Sciences Acquisition Corp. II
  • IPO BYOP — KiNRG Inc.
  • IPO IVAI — Ives Ultra AI Opportunities Inc.
  • IPO OURA — Oura Inc. · 2026-09-30
  • IPO STNF — Santa Ana Global Enterprises S.A.
  • IPO ACCV — Accelevation Holdings Corp. · 2026-09-30
  • IPO FYH — Sprout Red International Ltd.
  • IPO IAM — Iambic Therapeutics Inc.

◆ IPO Radar — Upcoming Listings & Pipeline News

Sort by listing date, days out, or offer range · amber = news-estimated date
TickerCompanyListing DateInOffer RangeExchange
OURA Oura Inc. 2026-09-30 2d $40–$44 XNAS
ACCV Accelevation Holdings Corp. 2026-09-30 2d $20–$24 XNAS
CTY City Therapeutics Inc. TBA — — XNAS
SOUD Hacker Interstellar Inc. TBA — $11 XNAS
FLSC Frazier Life Sciences Acquisition Corp. II TBA — $10 XNAS
BYOP KiNRG Inc. TBA — $5–$7 XASE
IVAI Ives Ultra AI Opportunities Inc. TBA — $10–$10 XNYS
STNF Santa Ana Global Enterprises S.A. TBA — $13–$15 XASE
FYH Sprout Red International Ltd. TBA — — XNAS
IAM Iambic Therapeutics Inc. TBA — — XNAS

Listing-pipeline headlines

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

◆ Private Markets & Pre-IPO Activity

OpenEvidence's reported $250M raise at a $15B valuation anchors a busy private tape, alongside Rightway's $155M Series E at a $1.75B valuation led by Francisco Partners. Insight Partners leads on deal count (6, $336.6M) while UAE-affiliated entities top dollar deployment at $6B across 2 deals.

DateCompanyEventAmountLead Investor
2026-09-26 Sanyark Space · Space Pre-Seed $2M led by Avaana Capital; AUM Ventures $2M Avaana Capital; AUM Ventures
2026-09-25 Arivihan · Education Series A $10M led by Accel; Prosus $10M Accel; Prosus
2026-09-24 OpenEvidence · Healthcare Unlabeled (reported) $250M $250M —
2026-09-24 HIFI · Fintech Series A $37M led by Left Lane Capital $37M Left Lane Capital
2026-09-24 Rightway · Healthcare Series E $155M led by Francisco Partners $155M Francisco Partners
2026-09-24 BigHat Biosciences · Drug Discovery Series C $75M led by DFJ Growth; Premji Invest (co-leads) $75M DFJ Growth; Premji Invest (co-leads)
2026-09-24 Ando · Business/Productivity Software Pre-seed + Seed (combined) $20M led by Index Ventures; Emergence Capital (seed); Accel (pr $20M Index Ventures; Emergence Capital (seed); Accel (pre-seed)
2026-09-24 Basalt Health · Healthcare Series A $20M led by NEA $20M NEA

Track 2,587 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.

◆ Round Sizes — Recent Raises

Sanyark SpaceSanyark Space · Pre-Seed $2M led by Avaana Capital; AUM Ventures · valuation $8M — open the company page$2MArivihanArivihan · Series A $10M led by Accel; Prosus · valuation $60M — open the company page$10MOpenEvidenceOpenEvidence · Unlabeled (reported) $250M · valuation $15.0B — open the company page$250MHIFIHIFI · Series A $37M led by Left Lane Capital — open the company page$37MRightwayRightway · Series E $155M led by Francisco Partners · valuation $1.8B — open the company page$155MBigHat BiosciencesBigHat Biosciences · Series C $75M led by DFJ Growth; Premji Invest (co-leads) — open the company page$75MAndoAndo · Pre-seed + Seed (combined) $20M led by Index Ventures; Emergence Capital (seed); — open the company page$20MBasalt HealthBasalt Health · Series A $20M led by NEA — open the company page$20M

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

Where the money went — sector split

Healthcare $425M: 425,000,000Drug Discovery $75M: 75,000,000Fintech $37M: 37,000,000Business/Productivity Software $20M: 20,000,000Education $10M: 10,000,000Space $2M: 2,000,000

Most active lead investors (last 45 days)

Insight Partners · 6 deals · $337MAndreessen Horowitz · 5 deals · $694MUnited Arab Emirates and affiliated investment entities · 2 deals · $6.0BAndreessen Horowitz / Accel / Founders Fund / General Catalyst / Avenir (co-led) · 2 deals · $4.0BJane Street · 2 deals · $3.0B

◆ Trading Implications

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

◆ Deep Dive

Index strength vs. narrowing breadth: reading the divergence

When an index rises while signal breadth narrows — today's S&P +0.51% against a 2.8-point drop in bullish share — the average stock is quietly underperforming the average headline. Narrow breadth means gains rest on fewer large weights, so the index grows more sensitive to any single holding's news, as MDB's 19.36% plunge illustrates. At a 5.18% 10-year yield, the opportunity cost of holding weak-participation names is elevated, which tends to accelerate rotation toward the leaders. The metric to track is whether bullish share stabilizes near 26% or keeps eroding: the former suggests consolidation, the latter a leadership regime that can reverse quickly.

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.