Tuesday, September 29, 2026

Market Regime: RISK_ON QNTM's regime engine reads today's setup as risk-on, consistent with a VIX near 15.7 and crude holding in the low $90s — a backdrop that has historically favored cyclical and momentum exposure over defensives.

Conviction: 48.1/100 A composite near the midpoint, with just 1.5% of the 1,418-name universe scoring "high conviction." That's a neutral signal — QNTM sees breadth as thin rather than broadly bullish, even with the risk-on regime flag.

On the calendar today

This morning brings housing data, consumer confidence and monthly JOLTS job data. No FOMC meeting today — the Fed's next decision isn't until late October. The BEA releases PCE inflation data Thursday and the September jobs report follows Friday.

Overnight & premarket

US stock futures posted modest gains Tuesday, with S&P 500 futures 0.2% higher and Nasdaq 100 contracts up 0.4% as Brent crude fell 1.2% to $104. In Asia, the Nikkei fell 396 points, Shanghai rose 6 points, and the Hang Seng declined 118 points, with China stocks helped by pledges of counter-cyclical policy support. Movers: SpaceX rose about 1% premarket , and Deutsche Bank upgraded Netflix following a sharp September drawdown.

What to watch 1) Consumer confidence and JOLTS data testing the soft-landing narrative. 2) Oil's pullback from recent geopolitical highs and whether de-escalation headlines hold. 3) Tech-vs-cyclical divergence at the open, per QNTM's momentum pillar.

Research/education only — not investment advice.