Blog
Daily macro wraps and occasional notes on building IdleUntil.
July 31, 2026Risk-on · SPX +0.70% · VIX -5.03% · 10Y ↑7bp · XLY led (+3.29%), XLB lagged (-2.34%)
July 30, 2026Risk-on · SPX +1.66% · VIX -15.30% · Dollar softer · XLK led (+5.50%), XLC lagged (-2.68%)
July 29, 2026Risk-off · SPX -1.52% · VIX +11.86% · 10Y ↑6bp · Dollar softer · XLE led (+1.88%), XLI lagged (-3.19%)
July 28, 2026Risk-on · SPX +0.21% · VIX -1.98% · 10Y ↓4bp · XLV led (+2.36%), XLK lagged (-1.84%)
July 27, 2026Mixed tape · SPX +0.02% · VIX +0.86% · 10Y ↓4bp · XLP led (+1.46%), XLE lagged (-2.11%)
July 24, 2026Risk-on · SPX +0.05% · VIX -1.12% · 10Y ↓2bp · XLRE led (+2.22%), XLK lagged (-1.44%)
July 23, 2026Risk-off · SPX -1.21% · VIX +13.34% · 10Y ↑4bp · Dollar firmer · XLI led (+1.73%), XLY lagged (-4.61%)
July 22, 2026Mixed tape · SPX -0.14% · VIX -0.29% · 10Y ↑4bp · XLU led (+2.25%), XLC lagged (-0.75%)
July 21, 2026Risk-on · SPX +0.89% · VIX -9.06% · 10Y ↑3bp · Dollar firmer · XLK led (+2.89%), XLP lagged (-0.94%)
July 20, 2026Mixed tape · SPX -0.19% · VIX -1.44% · 10Y ↑5bp · Dollar firmer · XLE led (+0.45%), XLV lagged (-1.14%)
July 17, 2026Risk-off · SPX -1.01% · VIX +11.78% · 10Y ↓2bp · XLE led (+1.16%), XLC lagged (-1.78%)
July 16, 2026Risk-off · SPX -0.51% · VIX +5.68% · 10Y ↑2bp · Dollar firmer · XLP led (+2.80%), XLK lagged (-2.24%)
July 15, 2026Risk-on · SPX +0.38% · VIX -5.15% · 10Y ↓3bp · Dollar softer · XLC led (+1.73%), XLK lagged (-1.11%)
July 14, 2026Risk-on · SPX +0.38% · VIX -4.25% · 10Y ↓4bp · Dollar softer · XLK led (+1.29%), XLV lagged (-1.93%)
July 13, 2026Risk-off · SPX -0.79% · VIX +13.71% · 10Y ↑6bp · Dollar firmer · XLE led (+3.01%), XLK lagged (-2.42%)
July 10, 2026Risk-on · SPX +0.42% · VIX -5.18% · 10Y ↑2bp · XLB led (+1.25%), XLV lagged (-0.82%)
July 9, 2026Risk-on · SPX +0.81% · VIX -6.27% · XLK led (+2.18%), XLP lagged (-1.41%)
July 8, 2026Risk-off · SPX -0.28% · VIX +4.09% · XLE led (+1.76%), XLB lagged (-2.62%)
July 7, 2026Quiet tape
July 6, 2026Risk-on · SPX +0.72% · VIX -0.82% · XLK led (+1.65%), XLV lagged (-1.09%)
July 3, 2026Risk-on · SPX +0.00% · VIX -2.11% · XLV led (+2.63%), XLK lagged (-2.71%)
July 2, 2026Risk-on · SPX +0.00% · VIX -2.65% · Dollar softer · XLV led (+2.63%), XLK lagged (-2.71%)
July 1, 2026Mixed tape · SPX -0.22% · VIX -0.06% · 10Y ↑4bp · Dollar firmer · XLC led (+2.44%), XLK lagged (-2.57%)
June 30, 2026Risk-on · SPX +0.79% · VIX -10.32% · 10Y ↑6bp · XLK led (+2.76%), XLRE lagged (-1.98%)
June 29, 2026Risk-on · SPX +1.18% · VIX -4.07% · Dollar softer · XLY led (+2.40%), XLB lagged (-1.82%)
June 26, 2026Risk-off · SPX -0.05% · VIX +3.54% · 10Y ↓2bp · XLV led (+3.03%), XLK lagged (-1.87%)
June 25, 2026Mixed tape · SPX -0.01% · VIX -3.34% · Dollar softer · XLI led (+2.17%), XLY lagged (-1.49%)
June 24, 2026Risk-off · SPX -0.10% · VIX +13.31% · 10Y ↓9bp · Dollar firmer · XLI led (+1.16%), XLE lagged (-1.63%)
June 23, 2026Risk-off · SPX -1.44% · VIX +19.27% · Dollar firmer · XLP led (+1.87%), XLK lagged (-4.14%)
June 22, 2026Risk-off · SPX -0.37% · VIX +3.40% · 10Y ↑5bp · Dollar firmer · XLE led (+1.26%), XLC lagged (-2.11%)
June 19, 2026Risk-on · SPX +1.08% · VIX -9.00% · 10Y ↓3bp · XLK led (+3.04%), XLE lagged (-1.65%)
June 18, 2026Mixed tape · SPX +1.08% · VIX +0.73% · 10Y ↓3bp · Dollar firmer · XLK led (+3.04%), XLE lagged (-1.66%)
June 17, 2026Risk-off · SPX -1.21% · VIX +11.94% · 10Y ↑6bp · Dollar firmer · XLI led (-0.14%), XLC lagged (-2.78%)
June 16, 2026Risk-off · SPX -0.57% · VIX +0.43% · 10Y ↓4bp · XLF led (+1.47%), XLK lagged (-2.79%)
June 15, 2026Risk-on · SPX +1.65% · VIX -17.70% · 10Y ↓1bp · XLK led (+3.78%), XLE lagged (-3.48%)
June 8, 2026Risk-on · SPX +0.30% · VIX -12.97% · XLK led (+2.15%), XLU lagged (-1.87%)
June 5, 2026Risk-off · SPX -2.64% · VIX +25.78% · 10Y ↑8bp · Dollar firmer · XLP led (+1.71%), XLK lagged (-6.66%)
June 4, 2026Risk-on · SPX +0.41% · VIX -5.04% · 10Y ↓2bp · XLV led (+3.07%), XLK lagged (-1.56%)
June 3, 2026Risk-off · SPX -0.74% · VIX +1.78% · 10Y ↑3bp · Dollar firmer · XLE led (+1.29%), XLC lagged (-1.31%)
June 2, 2026Risk-on · SPX +0.13% · VIX -1.74% · XLU led (+1.86%), XLC lagged (-1.76%)
June 1, 2026Mixed tape · SPX +0.26% · VIX +4.37% · 10Y ↑2bp · Dollar firmer · XLK led (+2.48%), XLU lagged (-2.97%)
May 29, 2026Risk-on · SPX +0.22% · VIX -2.54% · XLK led (+2.23%), XLP lagged (-1.80%)
May 28, 2026Risk-on · SPX +0.58% · VIX -3.87% · 10Y ↓3bp · Dollar softer · XLV led (+1.40%), XLU lagged (-1.13%)
May 27, 2026Risk-on · SPX +0.02% · VIX -1.63% · 10Y ↓2bp · XLY led (+1.76%), XLE lagged (-1.49%)
May 26, 2026Mixed tape · SPX +0.61% · VIX +2.05% · 10Y ↓6bp · XLK led (+2.63%), XLE lagged (-2.76%)
May 25, 2026Risk-on · SPX +0.37% · VIX -0.66% · 10Y ↓1bp · XLV led (+1.17%), XLC lagged (-0.55%)
May 22, 2026Mixed tape · SPX +0.37% · VIX +0.30% · 10Y ↓1bp · XLV led (+1.17%), XLC lagged (-0.55%)
May 21, 2026Risk-on · SPX +0.17% · VIX -4.01% · XLU led (+1.10%), XLE lagged (-1.12%)
May 20, 2026Risk-on · SPX +1.08% · VIX -3.77% · 10Y ↓10bp · Dollar softer · XLY led (+2.53%), XLE lagged (-2.43%)
May 19, 2026Risk-off · SPX -0.67% · VIX +1.63% · 10Y ↑6bp · XLE led (+1.17%), XLB lagged (-2.35%)
May 18, 2026Mixed tape · SPX -0.07% · VIX -3.74% · 10Y ↑2bp · Dollar softer · XLE led (+1.92%), XLK lagged (-1.08%)
May 15, 2026Risk-off · SPX -1.24% · VIX +6.32% · 10Y ↑12bp · Dollar firmer · XLE led (+2.36%), XLB lagged (-2.65%)
May 14, 2026Risk-on · SPX +0.77% · VIX -3.13% · Dollar firmer · XLK led (+1.50%), XLB lagged (-0.75%)
May 13, 2026Risk-on · SPX +0.58% · VIX -0.39% · Dollar firmer · XLK led (+0.94%), XLU lagged (-1.15%)
May 12, 2026Mixed tape · SPX -0.16% · VIX -2.39% · 10Y ↑4bp · Dollar firmer · XLV led (+1.96%), XLK lagged (-1.51%)
May 11, 2026Mixed tape · SPX +0.19% · VIX +6.81% · 10Y ↑4bp · XLE led (+2.64%), XLC lagged (-1.16%)
May 8, 2026Mixed tape · SPX +0.84% · VIX +0.41% · 10Y ↓3bp · Dollar softer · XLK led (+3.44%), XLU lagged (-0.89%)
May 7, 2026Mixed tape · SPX -0.38% · VIX -1.61% · 10Y ↑5bp · XLC led (+0.03%), XLB lagged (-1.93%)
May 6, 2026Mixed tape · SPX +1.46% · VIX +0.29% · 10Y ↓7bp · XLK led (+2.66%), XLE lagged (-4.12%)