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◆QUANTLOGIX DAILY BRIEF
THURSDAY · 10/29/2026 PRE-MARKET
S&P Futures
7,751.5
-0.41%
Nasdaq Futures
29,620.75
-1.20%
10Y Yield
4.99%
-0.20%
Macro Sentiment
51/100
Neutral
Signal Breadth
45%
bearish

◆ Market Pulse

Equities closed higher across the board: S&P 500 +0.28% to 7743.98, Nasdaq +0.27%, Dow +0.19%, with the Russell 2000 leading at +0.41% — a small-cap tilt. Technology (+0.8%) was the day's leading sector; Utilities (-0.84%) lagged worst, with Real Estate (-0.73%) and Comm. Svcs. (-0.42%) also red. Single-name action was extreme: ULBI +145.44% and AIOK +109.69% topped gainers, while BCAX (-44.16%), MF (-30.23%) and PARA (-23.29%) led declines. VIX sits at 17.08, up 1.01%, and the 10Y holds a heavy 4.99%. Futures point softer into the next session — Nasdaq futures -1.2% vs. Russell futures +0.27%.

◆ Index Board — Today's Close

S&P 500S&P 500 · 7,743.98 · +0.28% on the day+0.28%NASDAQ CompositeNASDAQ Composite · 26,549.85 · +0.27% on the day+0.27%Dow Jones IndustrialDow Jones Industrial Average · 52,475.1 · +0.19% on the day+0.19%Russell 2000Russell 2000 · 2,830.51 · +0.41% on the day+0.41%CBOE VolatilityCBOE Volatility Index · 17.08 · +1.01% on the day+1.01%

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 · 7,751.5 · -0.41%-0.41%Nasdaq FuturesNasdaq Futures · 29,620.75 · -1.20%-1.20%Dow FuturesDow Futures · 52,555 · -0.27%-0.27%Russell 2000 FuturesRussell 2000 Futures · 2,847.2 · +0.27%+0.27%

◆ Overnight Headlines

THE BLOCK2m ago
Polygon added Solana to its payments platform, connecting businesses to bank funding, cross-chain transfers, stablecoins and global payouts.
BENZINGA2m ago
Glaukos beat Q3 estimates, raised FY26 sales guidance to $775M-$785M, and shares jumped 17.4%; analysts lifted price targets. GKOS
DECRYPT3m ago
The FCA says the Justin Sun-linked exchange will no longer target UK consumers, ending its first case against a crypto firm over marketing.
MARKETWATCH4m ago
The companies say their proposed merger will help smaller grocers compete, but analysts wonder if regulators will conduct an “extended review” of antitrust risks.
COINDESK4m ago
None of the numbers most commonly used to assess tokenized assets answer the question a chief investment officer would ask about those assets on her own balance sheet: what is it d
BENZINGA4m ago
ExxonMobil, Chevron and ConocoPhillips are overbought, with RSI readings above 70 after strong monthly gains, warning momentum investors. COP CVX XOM

◆ Signal Standouts

QuantLogix 5-factor breadth across 4,792 names sits at 44.6% bullish, up 1.8 points and broadening — participation is widening beyond the leadership group, a constructive risk-on tell. The distribution remains neutral-heavy (2,255 neutral vs. 2,135 bullish and 402 bearish), so the widening is happening from a balanced base, not an extended one.

45%BULLISH
Strong Buy
65
Buy
2,070
Neutral
2,255
Sell
342
Strong Sell
60
Signal breadth — last 40 sessions45%
2026-09-04low 14% · high 46%2026-10-29

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

Strong Buy standouts: EVR · PRAX · BLCO · CRSP · DNTH · KRMN · RLAY · PII · IRON · BEAM · PHVS · NMRK

Strong Sell standouts: FFIV · EDU · MXL · CAMT · LSTR · TNGX · NATL · SXI · TMDX · PPLI · VECO · WERN

See full signals →

◆ Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
AMZN 2026-10-30 today +242.3% +19.6%
AAPL 2026-10-30 1d +28.7% +16.4%
XOM 2026-11-02 4d +0.0% +0.0%
LLY 2026-11-03 5d +26.2% +47.7%
JPM 2026-11-05 7d +46.9% +27.7%
NVDA 2026-11-25 27d +127.8% +105.9%

◆ Sector Setup

Technology
BULLISH
Leads the tape at +0.8% and carries the largest bullish signal weight, but Nasdaq futures at -1.2% into AMZN/AAPL earnings make the follow-through the thing to watch.
Utilities
BEARISH
Worst sector at -0.84% with Real Estate (-0.73%) alongside — rate-sensitive names are buckling while the 10Y holds 4.99%.
Financials
NEUTRAL
+0.45% keeps it in the upper half, with JPM's 11/5 report the sector's next real catalyst.
Energy
NEUTRAL
+0.35% on the day, but the 'energy stocks to dump in Q4' headline chatter and XOM's 11/2 earnings keep the tape's conviction unresolved.
Health Care
BULLISH
+0.3% with deep strength in the signal universe — PRAX, CRSP, DNTH, RLAY among sample strong buys — and LLY reporting 11/3.
Cons. Staples
BEARISH
-0.36% as defensive lagging alongside the small-cap-led tape is typical risk-on rotation, but consumer sentiment at 48.1 (-12.7% YoY) caps the upside case.

◆ Economic Snapshot

Fed Funds Rate
3.75%YoY -11.1%
Unemployment Rate
4.2%YoY -2.3%
Inflation Rate (YoY)
3.72%
GDP Growth
2.2%YoY +0.0%
10-Year Treasury
4.99%YoY -4.4%
Consumer Sentiment
48.1YoY -12.7%

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): 3.72% · +0.0% year over year+0.00%GDP GrowthGDP Growth: 2.2% · +0.0% year over year+0.00%10-Year Treasury10-Year Treasury: 4.99% · -4.4% year over year-4.41%Consumer SentimentConsumer Sentiment: 48.1 · -12.7% year over year-12.70%

◆ Catalyst Calendar

The calendar is anything but light: AMZN and AAPL both report 2026-10-30, with XOM (11/2) and LLY (11/3) close behind. Three IPOs price 10/29–10/30 — GBC today, then OPAY ($19–21 range) and biotechs BBTX and ASPE ($15–17 ranges) tomorrow.

  • IPO GBC — GEORGIA BANKING CO INC · 2026-10-29
  • IPO OPAY — OPAY Ltd · 2026-10-30
  • IPO BBTX — Bambusa Therapeutics, Inc. · 2026-10-30
  • IPO ASPE — Aspen Neuroscience, Inc. · 2026-10-30
  • IPO BIAI — Bitari Inc · 2026-11-02
  • IPO YHTE — Primagrove Ltd · 2026-11-09
  • IPO SWA — Simwon America Corp
  • IPO STA — Starton Holdings, Inc.,
  • IPO NEOA — Neo Aeronautics, Inc
  • IPO FMSN — Focus Media Network Ltd

◆ IPO Radar — Upcoming Listings & Pipeline News

Sort by listing date, days out, or offer range · amber = news-estimated date
TickerCompanyListing DateInOffer RangeExchange
FMSN Focus Media Network Ltd 2026-10-28est. listed $4–$6 XNAS
GBC GEORGIA BANKING CO INC 2026-10-29 listed — XNAS
OPAY OPAY Ltd 2026-10-30 1d $19–$21 XNYS
BBTX Bambusa Therapeutics, Inc. 2026-10-30 1d $15–$17 XNAS
ASPE Aspen Neuroscience, Inc. 2026-10-30 1d $15–$17 XNAS
BIAI Bitari Inc 2026-11-02 4d $7–$7 XNAS
YHTE Primagrove Ltd 2026-11-09 11d $4–$6 XNAS
SWA Simwon America Corp 2026-11-25est. 27d $18–$22 XNAS
STA Starton Holdings, Inc., TBA — $5–$7 XNAS
NEOA Neo Aeronautics, Inc TBA — $4–$6 XASE

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

◆ Private Markets & Pre-IPO Activity

The private tape is dominated by one print: DeepSeek's $16B Series A at a $45B valuation, led by China's Big Fund. Andreessen Horowitz is the most active lead with 10 deals and $2.11B deployed — including TypeSafe AI's $870M round at a $7.5B valuation — well ahead of Insight Partners (6 deals, $415M) and General Catalyst (5 deals, $825M).

DateCompanyEventAmountLead Investor
2026-10-23 DeepSeek · Technology Series A $16,000M led by China's Big Fund (National Integrated Circuit Industry Investment $16.0B China's Big Fund (National Integrated Circuit Industry Investment Fund)
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

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

Breadth-vs-yesterday deltas are one of the cleaner regime tells because they measure participation change, not level. Today's +1.8pt broadening on a 44.6% bullish base — with 47% of the universe still neutral — is the profile of a market early in re-engagement: the fence-sitters are the fuel, and they haven't committed yet. Compare that to a broadening reading from a 60%+ bullish base, where widening often marks late-cycle blowoff as the last holdouts chase. The neutral-heavy distribution is what makes the next session's AMZN/AAPL reactions informative: if earnings pull the mega-caps up and breadth keeps expanding, the move has room; if the megacaps gap down and breadth keeps expanding anyway, that's genuine rotation into the 4,000+ names not priced off two tickers.

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.