Wednesday, October 7, 2026

Market Regime: QNTM reads RISK_OFF today, with the VIX at 15.8 and WTI crude at $89.73. Despite the low VIX print, the regime flag reflects an active war-escalation macro event — Houthi strikes on Saudi energy infrastructure have kept Houthi attacks on Saudi Arabia adding to oil supply risks , a geopolitical overhang that's capping risk appetite even as equities sit near highs.

Conviction: QNTM's composite stands at 47.8/100 across 1,418 scored names, with only 1.7% rated high-conviction. A sub-50 reading with a thin high-conviction tail signals a broad, hesitant tape — the model sees few stocks with a clear multi-pillar edge right now.

On the calendar today: FOMC Meeting Minutes from the September 15–16 meeting are due at 2:00 PM ET . Expected earnings from Levi Strauss (LEVI) and Applied Digital (APLD) . This follows yesterday's ISM Services PMI at 54.9 for September and a Composite PMI of 58.4, the fastest private-sector expansion in over five years .

Overnight & premarket: Dow futures slipped 0.7%, S&P 500 futures fell 0.3%, and Nasdaq-100 futures dropped 0.6% after Tuesday's record closes, as bond yields retreated Tuesday but remain near multidecade highs . Brent crude remains above $100 a barrel amid the latest Houthi attacks in the Middle East .

What to watch: 1. Tone of the Fed minutes on inflation persistence vs. growth. 2. Any further Red Sea/Saudi infrastructure headlines moving oil and energy names. 3. Follow-through in rate-sensitive tech/small-caps given yield pressure.

Educational research, not investment advice.