ZeroGamma Research

THE WEEKLY MARKET BRIEFING

The Gamma Tape

One email, every Friday after the close. What actually moved markets, verified with receipts. No hype, no guru calls, no noise.

LATEST ISSUE

Issue #001: The SpaceX Spectrum Shock

Friday, October 9, 2026

Friday was a tale of two tapes. Telecom got annihilated on SpaceX's $8B spectrum grab while tower operators ripped 16%. Small caps bled for a fifth straight week. And the VIX fell under 15 anyway. Here is what actually happened, with receipts.

S&P +0.59% TMUS -13.3% CCI +16% VIX 14.84
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#001 LATEST

OCTOBER 9, 2026

The SpaceX Spectrum Shock

Telecom got smoked. Towers got paid. Small caps bled for the fifth straight week. Plus: CPI preview and bank earnings.

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