Indexes closed lower but orderly: S&P 500 -0.02% to 7,805.45, Nasdaq -0.15%, Dow -0.35%, Russell 2000 -0.4%, with S&P futures pointing to a -0.24% open and Russell futures -1.01%. The tape is rotating, not selling off — Energy (+1.8%) and Comm. Svcs (+0.74%) led while Health Care (-1.35%) and Financials (-0.42%) lagged. The inflation thread is the story: headlines put September CPI at 3.7% annual on surging gas costs, and the 10-year sits at 5.24%. VIX added 3.54% to 15.81 — a modest hedge bid, not stress. Small caps were the day's wildest corner: FMFC up 3,958.92% and JBDI +243% on the gain side, BBCI -40.2% and ALIS -23.3% on the down side.
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.
Our 5-factor distribution across 5,032 names shows 26.2% bullish — 1,319 buy-or-better versus 1,157 sell-or-worse, with 2,556 neutral at the core. Breadth changed just -0.3 pts versus yesterday, a flat read: participation is neither broadening nor thinning, but leadership has narrowed to commodity and defensive-adjacent groups while rate-sensitive sectors carry the sells. With the 10-year at 5.24%, the sell cohort skews toward duration-sensitive large caps (GE, CDNS among sample strong sells) — consistent with a rates-dominated regime.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: P · NXT · LW · MTN · NSIT · WLYB · ECPG · TEN · HLF · BH.A · PSIX · CBRL
Strong Sell standouts: GE · CDNS · RKT · SMMT · IESC · AXSM · AVAV · S · BLTE · FRVO · EWTX · BETA
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| GOOGL | 2026-10-22 | 7d | +294.4% | +24.2% |
| TSLA | 2026-10-22 | 7d | -3.0% | +25.5% |
| MSFT | 2026-10-28 | 13d | +0.0% | +17.7% |
| AMZN | 2026-10-30 | 15d | +242.3% | +19.6% |
| META | 2026-10-29 | 15d | -13.4% | +28.0% |
| AAPL | 2026-10-30 | 16d | +28.7% | +16.4% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
The IPO calendar is active: Iambic Therapeutics (IAM, $15–17) prices tomorrow and City Therapeutics (CTY, $17–19) Friday, with two more deals slated for the 19th. Mega-cap earnings kick off in 7 days — GOOGL and TSLA report Oct 22, with MSFT, META, AMZN and AAPL following into month-end.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| IAM | Iambic Therapeutics, Inc. | 2026-10-15 | 1d | $15–$17 | XNAS |
| CTY | CITY THERAPEUTICS, INC. | 2026-10-16 | 2d | $17–$19 | XNAS |
| MDAT | Web3Labs Global Inc. | 2026-10-19 | 5d | $4–$5 | XNAS |
| BIAI | Bitari Inc | 2026-10-19 | 5d | $7–$7 | XNAS |
| YHTE | Primagrove Ltd | 2026-10-26 | 12d | $4–$6 | XNAS |
| SWA | Simwon America Corp | TBA | — | $18–$22 | XNAS |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
The private tape is active and AI-heavy: TypeSafe AI's $870M Series A at a $7.5B valuation led by Andreessen Horowitz headlines a six-deal week that also includes Benchmark's $60M seed in Hone ($285M valuation). a16z is the clear pace-setter with 15 led deals totaling $2.8B tracked, well ahead of Insight Partners (8 deals, $441.6M).
| Date | Company | Event | Amount | Lead 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.
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.
Breadth — the share of a universe trading with positive signal bias — tells you whether an index move is carried by many names or a few. Today's 26.2% bullish reading with a -0.3 pt change is a textbook 'flat breadth, rotating tape': the S&P barely moved, but the leadership list changed almost entirely, with Energy up 1.8% while Health Care fell 1.35%. When breadth is flat but sector dispersion is wide, gains are being redistributed rather than created — rallies in the leaders are funded by selling in the laggards. That dynamic tends to persist until a macro catalyst (here, the CPI print or next week's mega-cap earnings) forces a directional decision. The practical lesson: in flat-breadth regimes, sector selection matters more than index exposure, because the index can go nowhere while individual sector trades move several percent.