Market Pulse · September 15, 2026 · Post-Market Edition

MACRO ENVIRONMENT

The macro environment today registers a ‘RISK-ON’ stance, supported by a high score of 40, suggesting a generally favorable backdrop for risk assets. Key indicators like the Sahm Rule at -0.07 and a healthy unemployment rate of 4.1% signal a robust labor market, while the 10y-2y and 10y-3m yield curve spreads both remaining in ‘Normal’ territory indicate the absence of immediate recessionary fears. Despite elevated CPI at 3.7%, the Fed Funds Rate holds at a ‘Neutral’ 3.63%, and a ‘Weak Dollar’ DXY at 99.5 further bolsters risk appetite. The Fear & Greed Index at 57 points to ‘Greed’ but remains within ‘Balanced’ levels, suggesting caution is still warranted.

MARKET PHASE

US equities, represented by the S&P 500, are currently navigating a ‘SIDEWAYS’ trend, as evidenced by its position below the 20-day moving average and a low ADX of 11.2, indicating a lack of strong directional momentum. Conversely, Bitcoin (BTC) is exhibiting a robust ‘BULL’ trend, trading above its 20-day moving average with a high ADX of 43.1 signifying strong bullish conviction. The VIX remains ‘Normal’ at 17.1, with an 8.0% increase suggesting a slight uptick in expected near-term volatility but not signaling outright panic.

SECTOR TRENDS

Today’s market pulse shows a clear ‘Recovery’ theme in sector rotation, with Financials, Energy, and Industrials showing the strongest relative performance. Communication Services leads the pack with the highest score, followed by Energy and Healthcare, suggesting a broadening of market leadership beyond traditional tech. Conversely, Real Estate, Utilities, and Industrials are lagging significantly, indicating a shift away from defensive and interest-rate sensitive sectors. This rotation implies investors are favoring cyclical and value-oriented plays, potentially anticipating further economic expansion.