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◆QUANTLOGIX DAILY BRIEF
TUESDAY · 10/13/2026 PRE-MARKET
S&P Futures
7,851.5
-0.08%
Nasdaq Futures
30,664.5
-0.76%
10Y Yield
5.22%
-1.14%
Macro Sentiment
55/100
Neutral
Signal Breadth
27%
bearish

◆ Market Pulse

The S&P 500 closed essentially flat at 7807.24 (-0.06%) while the Dow added 0.38% to 51850.55, but the Nasdaq lagged at -0.44% and Russell 2000 fell 0.45% — a value-led, tech-weak session. Energy (+1.43%) and Cons. Staples (+1.17%) led, Technology (-1.22%) and Cons. Disc. (-0.51%) lagged. VIX ticked up 3.1% to 15.3 as JPMorgan's rare earnings miss on higher rates and a 5.22% 10-year kept rate-sensitive nerves on edge. Futures point the same way overnight: Dow futures +0.85%, Nasdaq futures -0.76%.

◆ Index Board — Today's Close

S&P 500S&P 500 · 7,807.24 · -0.06% on the day-0.06%NASDAQ CompositeNASDAQ Composite · 27,245.9 · -0.44% on the day-0.44%Dow Jones IndustrialDow Jones Industrial Average · 51,850.55 · +0.38% on the day+0.38%Russell 2000Russell 2000 · 2,794.48 · -0.45% on the day-0.45%CBOE VolatilityCBOE Volatility Index · 15.3 · +3.10% on the day+3.10%

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 · 7,851.5 · -0.08%-0.08%Nasdaq FuturesNasdaq Futures · 30,664.5 · -0.76%-0.76%Dow FuturesDow Futures · 52,555 · +0.85%+0.85%Russell 2000 FuturesRussell 2000 Futures · 2,815.9 · +0.13%+0.13%

◆ Overnight Headlines

CNBC4m ago
Follow live bank earnings coverage for JPMorgan, Wells Fargo, Goldman Sachs and Citigroup, with third-quarter results, calls and stock moves.
NEW YORK TIMES5m ago
After banner stretch, the bank released surprisingly spotty earnings results for the third quarter. Its rival Goldman Sachs posted better-than-expected results.
BENZINGA6m ago
US Regulators probe banks' AI risks, cybersecurity safeguards and controls amid concerns over cyberattacks and market disruptions. JPM

◆ Signal Standouts

Bullish signals sit at just 26.5% of the 5,116-name universe (1,358 bullish vs 1,128 bearish), and breadth narrowed another 4.6 points versus yesterday. Leadership is thinning: the Dow's gain rests on fewer shoulders, and defensive strength (staples, real estate, utilities) alongside tech weakness fits a de-risking rotation rather than fresh risk-on.

27%BULLISH
Strong Buy
24
Buy
1,334
Neutral
2,630
Sell
912
Strong Sell
216
Signal breadth — last 40 sessions27%
2026-08-19low 14% · high 41%2026-10-13

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

Strong Buy standouts: HNGE · PENG · HURN · WLY · WLYB · KSS · AHG · CYH · GLSI · HLP · EMPD · TTEC

Strong Sell standouts: VST · RKT · ONTO · IESC · WULF · PRAX · AVAV · APPF · AXTI · FLY · QS · WGS

See full signals →

◆ Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
TSLA 2026-10-22 8d -3.0% +25.5%
GOOGL 2026-10-22 9d +294.4% +24.2%
MSFT 2026-10-28 14d +0.0% +17.7%
AAPL 2026-10-30 16d +28.7% +16.4%
META 2026-10-29 16d -13.4% +28.0%
AMZN 2026-10-30 17d +242.3% +19.6%

◆ Sector Setup

Energy
BULLISH
Sector leader at +1.43% with the 10-year at 5.22%, keeping it on the right side of the rotation.
Cons. Staples
BULLISH
+1.17% strength alongside rising VIX signals classic defensive demand.
Real Estate
NEUTRAL
+0.74% is notable against a 5.22% 10-year, but rate sensitivity caps conviction.
Financials
NEUTRAL
+0.58% masks the tension after JPMorgan's rate-driven earnings miss.
Cons. Disc.
BEARISH
-0.51% with consumer sentiment at 51.7 leaves the discretionary tape without a demand story.
Technology
BEARISH
Worst sector at -1.22% and leading Nasdaq futures lower at -0.76% overnight.

◆ Economic Snapshot

Fed Funds Rate
3.75%YoY -11.1%
Unemployment Rate
4.2%YoY -2.3%
Inflation Rate (YoY)
3.35%
GDP Growth
2.2%YoY +0.0%
10-Year Treasury
5.22%YoY +5.2%
Consumer Sentiment
51.7YoY -11.2%

Year-over-year movement

Fed Funds RateFed Funds Rate: 3.75% · -11.1% year over year-11.14%Unemployment RateUnemployment Rate: 4.2% · -2.3% year over year-2.33%Inflation Rate (YoY)Inflation Rate (YoY): 3.35% · +0.0% year over year+0.00%GDP GrowthGDP Growth: 2.2% · +0.0% year over year+0.00%10-Year Treasury10-Year Treasury: 5.22% · +5.2% year over year+5.24%Consumer SentimentConsumer Sentiment: 51.7 · -11.2% year over year-11.17%

◆ Catalyst Calendar

The IPO calendar is active with Iambic Therapeutics (IAM, $15-$17) on Oct 15 and City Therapeutics (CTY, $17-$19) on Oct 16. The earnings heavyweight block looms next week: TSLA and GOOGL on Oct 22, then META, AMZN, AAPL and MSFT into month-end.

  • IPO IAM — Iambic Therapeutics, Inc. · 2026-10-15
  • IPO CTY — CITY THERAPEUTICS, INC. · 2026-10-16
  • IPO MDAT — Web3Labs Global Inc. · 2026-10-19
  • IPO BIAI — Bitari Inc · 2026-10-19
  • IPO YHTE — Primagrove Ltd · 2026-10-26
  • IPO SWA — Simwon America Corp

◆ IPO Radar — Upcoming Listings & Pipeline News

Sort by listing date, days out, or offer range · amber = news-estimated date
TickerCompanyListing DateInOffer RangeExchange
IAM Iambic Therapeutics, Inc. 2026-10-15 2d $15–$17 XNAS
CTY CITY THERAPEUTICS, INC. 2026-10-16 3d $17–$19 XNAS
MDAT Web3Labs Global Inc. 2026-10-19 6d $4–$5 XNAS
BIAI Bitari Inc 2026-10-19 6d $7–$7 XNAS
YHTE Primagrove Ltd 2026-10-26 13d $4–$6 XNAS
SWA Simwon America Corp TBA — $18–$22 XNAS

Listing-pipeline headlines

BENZINGA35m ago
SK Hynix closed below its 200-day average for the first time since May 2025. Counterpoint ranks China’s YMTC No. 3 in NAND.

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

◆ Private Markets & Pre-IPO Activity

The private tape stays hot: TypeSafe AI's $870M Series A led by Andreessen Horowitz at a $7.5B valuation headlines a slate that also includes Benchmark's $60M seed into Hone and Framework Ventures' $50M Series A into Ultra. a16z remains the most active lead with 15 deals and $2.8B deployed.

DateCompanyEventAmountLead Investor
2026-10-12 Ambi · AI Pre-Series A $26M led by Luminous Ventures $26M Luminous Ventures
2026-10-09 Ultra · Robotics Series A $50M led by Framework Ventures $50M Framework Ventures
2026-10-09 TypeSafe AI · AI Series A $870M led by Andreessen Horowitz $870M Andreessen Horowitz
2026-10-09 Hone · AI Seed $60M led by Benchmark $60M Benchmark
2026-10-09 Meticulous · Enterprise Software Series A $15M led by Chemistry $15M Chemistry
2026-10-09 Kapta Space · Space Series A $24M led by Washington Harbour Partners $24M Washington Harbour Partners
2026-10-09 Klarent · Enterprise Software Seed $8M led by Mosaic Ventures $8M Mosaic Ventures
2026-10-08 Manus AI · AI Growth $500M led by Boyu Capital / IDG Capital $500M Boyu Capital / IDG Capital

Track 2,699 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.

◆ Trading Implications

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

◆ Deep Dive

Concept of the Day

Today's tape is a textbook divergence setup: the Dow up 0.38% while the Nasdaq drops 0.44% and breadth narrows 4.6 points. When an index holds but the number of advancing stocks shrinks, the average position in the market is deteriorating faster than the headline suggests — the rally is being carried by a shrinking core. Historically, narrowing breadth into a heavy earnings calendar is where single-name idiosyncratic risk peaks, because misses land on a market with fewer marginal buyers. The practical lesson: treat index flatness as neutral, not supportive, until the bullish share of the universe stabilizes or reverses.

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.