Market Pulse · September 11, 2026 · Post-Market Edition

MACRO ENVIRONMENT

The macro environment registers a ‘RISK-ON’ stance, bolstered by a robust Sahm Rule indicating no immediate recessionary pressures and a ‘Normal’ 10y-3m yield curve spread suggesting healthy credit market functioning. While the headline CPI remains ‘Elevated’ at 3.5%, the Fed funds rate is holding ‘Neutral,’ and the unemployment rate is at a ‘Healthy’ 4.1%, supporting a cautiously optimistic outlook. The ‘Weak Dollar’ trend, as indicated by the DXY at 99.1, further aids risk assets, and the Fear & Greed Index at 69 suggests a ‘Balanced’ market sentiment leaning towards greed.

MARKET PHASE

US equities, represented by the S&P 500, are currently in a ‘Weak BEAR’ trend phase, trading below its 20-day moving average with a low ADX of 12.3, indicating a lack of conviction and potential for sideways movement. Bitcoin, on the other hand, is exhibiting a strong ‘Sideways’ trend with a high ADX of 46.0, though it too is trading below its 20-day moving average. The VIX sits at a ‘Normal’ 17.84, a slight increase of 8.4%, signaling no immediate surge in expected volatility but warranting close observation for any shifts.

SECTOR TRENDS

Sector rotation is showing signs of a ‘Recovery’ theme, with Energy, Technology, and Communication leading the pack in positive momentum according to the UQ AI Engine’s analysis. Conversely, Materials, Consumer Discretionary, and Industrials are the bottom performers, indicating a potential shift away from cyclical and goods-heavy sectors. This divergence suggests investors are favoring themes with perceived resilience or inflation hedging properties, such as energy, over more growth-dependent industries.