NDNight Desk
SPX7,650.50+0.17%NDX29,644.17+0.67%DJI51,682.64-0.18%RTY2,860.40-0.50%VIX14.810.00%ES7,672.25+0.06%CL100.30-1.58%BZ103.87-0.91%GC4,380.01+0.77%US10Y4.998+1.38%US02Y4.672+0.91%DXY100.215-0.03%EURUSD1.0842+0.07%USDJPY149.82+0.23%NVDA186.42+1.18%XOM128.44-1.06%LMT542.10+0.89%SPX7,650.50+0.17%NDX29,644.17+0.67%DJI51,682.64-0.18%RTY2,860.40-0.50%VIX14.810.00%ES7,672.25+0.06%CL100.30-1.58%BZ103.87-0.91%GC4,380.01+0.77%US10Y4.998+1.38%US02Y4.672+0.91%DXY100.215-0.03%EURUSD1.0842+0.07%USDJPY149.82+0.23%NVDA186.42+1.18%XOM128.44-1.06%LMT542.10+0.89%

WEEKNIGHT ISSUE · TUESDAY SESSION

Tue, Sep 15, 2026

FOMC eve

Positioning into the first hike in three years. Oil is the input; the committee is the output.

ISSUED
Mon 14 Sep 20:00 ET
FEDPOSITIONING

POSITIONING

Do not be cute in front of 14:00

Implieds are elevated for a 25 bp that everyone owns. The surprise, if any, is dots/guidance. Keep beta light, keep oil on the sheet, keep a plan for both a hawkish hold-the-path and a one-and-done attempt.

DESK

Monday watch

  • FOMC 14:00 Wed
  • WTI
  • VIX term structure

MARKS

Levels

  • SPX7,619.98

Marks are Friday cash / weekend futures. Not a live feed.

Night Desk issues a page every weeknight at 20:00 ET for the next cash session. Weekend release is Sunday 16:20 ET covering Monday. Issue archive.

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