Next Day Prep #332: Calm Index, Cracking Breadth: The 8-Point Warning – Tuesday 9/29/2026

Episode summary

Despite a nearly flat S&P close, breadth collapsed sharply as stocks above their 20-day average fell from 21% to 13% in a single session. The hosts break down narrow chip-equipment leadership, FICO’s regulatory-driven crash, and why tomorrow’s PCE print will determine whether the Correction regime deepens or eases.