Friday, July 10, 2026

Market Regime: MILDLY BULLISH QNTM's regime overlay reads Mildly Bullish, with VIX near 15.8 signaling low hedging demand — a backdrop still favorable for risk-taking, though not stretched.

Conviction: 54.6/100 Conviction sits at 54.6, with 16.7% of the ~1,000-name scored universe flagged high-conviction — a modestly constructive but unspectacular signal, consistent with a market grinding higher without broad-based enthusiasm.

On the calendar today No major U.S. data releases are scheduled; "there are no noteworthy economic reports scheduled for release on Friday, June 10" (per Kiplinger's July calendar). Earnings-wise, Delta Air Lines (DAL) is expected to report this morning. The main corporate event is SK Hynix's Nasdaq debut, seen as a test for the AI trade amid ongoing Strait of Hormuz monitoring.

Overnight & premarket Futures are mixed: Dow futures gained 0.2%, S&P 500 futures were roughly flat, and Nasdaq 100 futures fell 0.2% after Thursday's rally. Asian markets were mixed — Nikkei up, Shanghai down, Hang Seng up — while Europe's DAX and FTSE 100 edged higher. Gold fell 0.62% to $4,115.20/oz while WTI crude rose slightly to $72.14/barrel.

What to watch 1) SK Hynix's record-setting IPO — the largest US listing ever by a foreign company — as a bellwether for AI/chip sentiment. 2) Delta's earnings for read-through on travel demand. 3) Middle East headlines, given the war-deescalation tag against a backdrop of recent Strait of Hormuz flare-ups.

Research/education only — not investment advice.