M/A/DMarket Action Dynamics
OBSERVER / MARKET INTELLIGENCE

Your market, in focus.

The tape, emerging risk and the context behind the move. One place to start your day.

THE FIRST GLANCE / SHARED MARKET INTELLIGENCE

YOUR MARKET BRIEFING.

Study the price action ↗
01 / THE TAPE

Market context

SPY, QQQ, DIA and IWM versus their previous close. Four equity benchmarks, each paired with its futures market.

S&P 500

SPYETF
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ESFutures
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Nasdaq 100

QQQETF
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NQFutures
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Dow Jones

DIAETF
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YMFutures
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Russell 2000

IWMETF
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RTYFutures
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Volatility / dollar

VIXIndex
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DXYIndex
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Precious metals

GLDGold ETF
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GCGold futures
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SLVSilver ETF
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SISilver futures
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02 / THE CATALYST CLOCK

Know what comes next.

Full calendar ↗
CHECKING THE SCHEDULEKeep the calendar in view.

Published coverage can be incomplete; an empty schedule is not a no-news day.

Publisher schedules / New York time
03 / RATES & LIQUIDITY

The curve behind the move.

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Open Policy & Liquidity ↗
FROM CONTEXT TO EVIDENCE

Don’t stop at the headline.

Compare range formation, price at the release, and the first five minutes after it. Follow the reaction before building an outlook.

Range intelligence & Event Rhythm ↗
Loading market data… Shared market context for Observer. When signed in, personal calendar notes sync privately with your account.
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POLICY CONTEXT

The Fed policy compass.

Explore the public record without leaving Market Intelligence.

THE PEOPLE BEHIND POLICY

FED POLICY COMPASS.

Know the speaker. Read the record.

2026 POLICY ROSTER · 12 VOTING SEATSReviewed Oct 8, 2026Official FOMC roster ↗

Hawkish favors tighter policy. Dovish favors easier policy. Mixed means the direction changes with the evidence.

Public-history lean ≠ next vote

All seven governors and twelve Reserve Bank presidents, plus New York’s designated alternate. Non-voting presidents help shape the policy discussion; their remarks can still move markets.

PUBLIC HISTORY / MAD INTERPRETATION

Kevin Warsh

Board of Governors · 2026 voterHawkish lean

Recent emphasis on restoring price stability; this is a current lean, not a lifetime label.

What supports the label

Jackson Hole policy remarks

Put inflation at the center of the near-term policy discussion and called for sufficient progress toward the target.

Read the official record ↗

Recorded rate preferences Jan–Sep 2026

cut0
hold2
raise1
3 recorded votes · 0 dissents. Wording dissents count as holds when the member supported unchanged rates.
DECISIONS, NOT PERSONALITY SCORES

Warsh’s voting record

Six published meetings through September 2026. Each row links to the official decision.
MeetingCommittee decisionMember preferenceVote / context
Jan 28, 2026 ↗10–2 · HoldNot a voter—Not a voter at this meeting
Mar 18, 2026 ↗11–1 · HoldNot a voter—Not a voter at this meeting
Apr 29, 2026 ↗8–4 · HoldNot a voter—Not a voter at this meeting
Jun 17, 2026 ↗12–0 · HoldHoldWith majoritySupported the hold
Jul 29, 2026 ↗9–3 · HoldHoldWith majoritySupported the hold
Sep 16, 2026 ↗12–0 · Raise 25 bpRaise 25 bpWith majoritySupported a 25 bp increase
Curated snapshot, not an automatic speech-sentiment feed. Speaker calendars are not a complete record of every regional-bank appearance or unscheduled comment. Labels summarize the linked public statements and recorded preferences; they are not official Fed ratings, lifetime classifications or predictions. Historical calendar events use this dated reference, not a reconstruction of what was known then. Governors and New York vote each year; other Reserve Bank seats rotate.
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