Market Conditions — 2026-10-22

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Article published Oct 22, 2026. Prices below use latest available snapshots.

SPY $759.97 -1.0% 30d QQQ $704.40 -5.0% 30d IWM $275.75 -2.2% 30d

A frozen snapshot: each card records its own moment and is meant to read stale later. The strip of cards, in order, is the climate history.

Gauge Read Note
Indexes (7d) SPY -1.0% · QQQ -3.2% · IWM +0.6% · RSP +1.5% 30d: SPY -1.2% · QQQ -5.8% · IWM -3.7% · RSP +2.5%
Volatility VIX 19.03 (NORMAL) · 1d +14.1% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Canadian OG, Volume Setups, Cloud SAAS, Travel Leisure, Lazarus (+21 more) · Out: Neoclouds, Nearline Storage, Memory, Thebuildout High Speed Pcbs Server Networking, Quantum Computing (+83 more) 26 in / 88 out / 0 emerging of 125 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.0% · LQD +0.8% · IEF +0.9% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD -3.6% · USO +3.3% · COPX -9.5% Gold · oil · copper miners

Sources

  • market-pulse + rotation-map.json · data/state/vix-gate.json (all numbers code-computed and frozen at emit)