Saturday, November 07, 2026

Today's Headlines

Around X:

  • @Zerohedge 
  • @BarronsOnline
  • Had bullish commentary on (RMD), (NVDA), (AMD), (AVGO), (UBER), (MKL) and (AA).
  • @WriterRomana  
  • @TheChiefNerd
  • @TheSCIF
  • @WallStreetApes
  • HOLY CR*P!!! How is this even possible?? All of California’s major candidate election results are the EXACT SAME percentages for Democrats and Republicans. Governor 64% (D) vs 35% (R). Lieutenant Governor 64% (D) vs 35% (R). Secretary of State 64% (D) vs 35% (R). Controller 64% (D) vs 35% (R). Treasurer 64% (D) vs 35% (R). Attorney General 64% (D) vs 35% (R). Supreme Court Justice: Joshua Groban 72% (D) vs 28% (R). Supreme Court Justice: Kelli M. Evans 72% (D) vs 28% (R). These don’t look like real election results, they look like a computer algorithm. Our elections are fake. 
  • @HormuzLetter
  • @NicHulscher
  • @DowdEdward
  • @BennyJohnson
  • @GlockfordFiles
  • @nishantkumar07
  • @LaraLogan
  • @Shilohmarx
  • @ConflictAlarm
  • @Polymarket
  • @TheQNewsPatriot
  • Massive reports of potential fraud in US midterms already coming out — * New York: Voters being told at polling stations that they’ve already voted. * California: Voters being told at polling locations that they’ve already voted. * Texas: Total 2026 turnout exceeded 2024 turnout by almost the exact same number of total votes that went to the [D] candidate for Governor...
  • @TPV_John
  • @TomFitton
  • @PeterBernegger
  • @B_Smallberries
  • @JimmieX07
  • BREAKING: GINA HINOJOSA ISSUES ELON MUSK WITH AN ULTIMATUM OVER TESLA’S OPERATIONS IN TEXAS. Texas Governor-elect Gina Hinojosa has announced plans to introduce significantly higher tax rates targeting Elon Musk’s companies operating in Texas, insisting that Tesla must comply with the state’s new tax requirements or reconsider its continued manufacturing operations in the state. Under the proposed terms, Tesla would be required to pay the increased tax rate to maintain its production operations, including Cybertruck manufacturing at its Texas Gigafactory, or face the possibility of having production halted. The development would mark a significant escalation in the political and business tensions surrounding Musk’s relationship with Texas’ incoming Democratic leadership. 
  • BREAKING: ELON MUSK FINALLY RESPONDS AFTER GINA HINOJOSA THREATENED TO TAKE ACTION AGAINST HIS TESLA OPERATIONS IN TEXAS. “Gina is nothing more than a puppet of Barack Obama and Kamala Harris. Democratic Party power brokers put her in that position to advance their own political interests. But here’s the reality: they need me far more than I need them. If they don’t want me in Texas, I’m prepared to pack up and relocate to Florida without hesitation. I can already see what she’s planning. She will attempt to interfere with Cybertruck manufacturing by hiding behind increased taxation, but everyone understands the real motivation. Her political allies in the deep state want to punish me for standing behind Donald Trump during the election. This confrontation goes beyond my businesses. Their real objective is Trump, and they believe targeting me is another way to get to him. What they seem to have forgotten is that the President still possesses veto powers. I’m certainly not intimidated by Gina Hinojosa. Whenever she makes these threats, I simply find them amusing. Any reckless decision she makes will ultimately damage Texas, its economy and its residents much more than it will affect my companies. Let’s see whether Gina genuinely intends to protect the interests of Texans or whether she is willing to undermine everything the state has accomplished simply because of political hostility.” (video)
  • @miss_nfl_
  • @gatewaypundit
  • @unusual_whales
  • @theGAnerds_Real
  • @realJoeHoft
  • @dylanotes
  • @lunakye_world
  • @ClownWorld
  • The fake Dan Sullivan got 3,600 votes, and the real Republican lost by 637 votes. They didn't just play dirty, they literally stole the election with a spoiler candidate. This is rigging in plain sight. (pic)
  • @TruthAnswersAll
  • KANSAS: THE 15% GAP, COUNTY BY COUNTY. The 15% gap held across the Senate map. Here’s Kansas, all 105 counties. 94% of counties fell within range: 99 of the 105. Below the formula: Seward, Ford, Finney. Meatpacking counties in southwest Kansas. Above the formula: Wallace, Sheridan, Jewell. Three of the reddest ranch counties in the state, about 90% Trump. What the formula tells us: If a county is below the formula, the proportion of Democrats to Republicans who voted was higher than in 2024. If it’s above the formula, the proportion of Republicans to Democrats was higher than in 2024. Why this matters: This isn’t a statewide average hiding the normal county to county variation underneath. The same 15% shows up in counties with hundreds of voters and counties with hundreds of thousands of voters. The few that break from it break in predictable directions. One rule works at the state level and the county level. That’s not what scattered voter decisions usually look like.
  • @JohnnyWhiskyTX
  • @KupePaul
  • @DawnsMission
OpenVAERS:   
SKirsch.com:

Friday, November 06, 2026

Weekly Scoreboard*


S&P 500 7,401.1 -2.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • DJIA 51,417.3 -.6%
  • NASDAQ 24,630.0 -3.1%
  • Russell 2000 2,754.6 -2.0%
  • NYSE FANG+ 16,895.0 -4.0%
  • Goldman 50 Most Shorted 263.0 -5.4%
  • Vaneck Social Sentiment 31.2 -5.3%
  • Wilshire 5000 72,909.1 -2.4%
  • Russell 1000 Growth 4,508.9 -4.8%
  • Russell 1000 Value 2,538.2 -.2%
  • S&P 500 Consumer Staples 1,014.7 +1.2%
  • Bloomberg Cyclicals/Defensives Index(Ex Telecom) 257.4 -1.4% 
  • NYSE Technology 8,068.9 -8.1%
  • Transports 19,816.2 -2.4%
  • Utilities 1,102.4 -.8%
  • MSCI Europe Banks 126.1 +4.6%
  • MSCI Emerging Markets 59.38 -2.6%
  • Credit Suisse AllHedge Long/Short Equity Index 260.5 -.02%
  • Credit Suisse AllHedge Equity Market Neutral Index 136.2 -.06%
Sentiment/Internals
  • NYSE Cumulative A/D Line 612,174 -.3%
  • Nasdaq/NYSE Volume Ratio 15.7 +182.2%
  • Bloomberg New Highs-Lows Index -1,012 -941
  • Crude Oil Commercial Bullish % Net Position -10.2 +11.6%
  • CFTC Oil Net Speculative Position 74,343 -16.8%
  • CFTC Oil Total Open Interest 1,886,280 +2.8%
  • Total Put/Call .92 +1.1%
  • OEX Put/Call .65 +72.0%
  • Equity Put/Call .72 -13.3%
  • NYSE Arms .99 +7.7%
  • Bloomberg Global Risk-On/Risk-Off Index 113.50 -9.2%
  • Bloomberg US Financial Conditions Index .30 -54.0 basis points
  • Bloomberg European Financial Conditions Index .69 -42.0 basis points
  • Volatility(VIX) 24.9 +31.6%
  • S&P 500 Intraday % Swing 1.01 +27.9%
  • CBOE S&P 500 3M Implied Correlation Index 19.1 +25.3%
  • G7 Currency Volatility (VXY) 6.40 -3.0%
  • Emerging Markets Currency Volatility (EM-VXY) 6.82 -.9%
  • Smart Money Flow Index 17,013.9 -4.0%
  • CFTC Weekly Equity Positioning Sentiment Gauge(0-100) 47.0 +2.0
  • ICI Money Mkt Mutual Fund Assets $8.016 Trillion +1.5%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$7.100 Million
  • AAII % Bulls 34.1 -9.8%
Futures Spot Prices
  • CRB Index 390.54 -5.1%
  • Crude Oil 99.90/bbl. -12.5%
  • Reformulated Gasoline 277.7 -11.4%
  • Natural Gas 2.99 +4.8%
  • US Power PJM Western Hub Peak Forward Y1 90.6 USD/Megawatt +7.4% 
  • Dutch TTF Nat Gas(European benchmark) 103.9 euros/megawatt-hour +10.2%
  • Heating Oil 433.90 -10.4% 
  • Newcastle Coal 141.1 (1,000/metric ton) -7.0%
  • Gold 4,067.0 +5.0%
  • Silver 52.0 +6.0%
  • Bloomberg Industrial Metals Index 170.64 -1.5%
  • Copper 626.5 -4.1%
  • US No. 1 Heavy Melt Scrap Steel 406.5 USD/Metric Tonne +1.5%
  • China Iron Ore Spot 92.5 USD/Metric Tonne +1.8%
  • China Battery Grade Lithium Carbonate 14,975.0 USD/metric tonne unch.
  • Silicon Data LLM Token Expenditure Index .86(price per million tokens) -3.7% 
  • inSpectrum Tech Inc. DRAM Spot DDR5 16Gb 1Gx16 53.12 unch.
  • CME Lumber 512.0 -1.1%
  • UBS-Bloomberg Agriculture 1,444.6 -3.2%
  • US Gulf NOLA Potash Spot 345.0 USD/Short Ton unch.
  • US Gulf NOLA Urea Granular Spot 430.5 USD/Short Ton -1.0%
Economy
  • Atlanta Fed GDPNow Q4 Forecast +3.4% +20.0 basis points
  • US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 14.3 +1.5 percentage points
  • NY Fed Real-Time Weekly Economic Index 3.47 +17.6%
  • Caldara Iacoviello Geopolitical Risk Index 97.7 -41.0% 
  • Global Monitor Iran Instability Index 83.0 +14.0
  • Strait of Hormuz Oil Tanker Traffic Curtailed 45.0% unch.
  • US Economic Policy Uncertainty Index 168.2 -33.0%
  • Bloomberg Global Trade Policy Uncertainty Index .6 +.2
  • DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
  • S&P 500 Current Quarter EPS Growth Rate YoY(440 of 500 reporting) +27.0% -2.4 percentage points
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 415.59 +2.19:  Growth Rate +26.8% +.9 percentage point, P/E 17.9 -.5
  • S&P 500 Current Year Estimated Profit Margin 16.34% -6.0 basis points
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(8 of 10 reporting) +34.9% -6.3 percentage points
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 1,103.91 +6.84: Growth Rate +64.4% +1.0 percentage point, P/E 15.1 -1.0
  • Citi US Economic Surprise Index 69.8 +17.4 points
  • Citi Eurozone Economic Surprise Index -1.0 -5.6 points
  • Citi Emerging Markets Economic Surprise Index 40.4 +4.7 points
  • Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 3.5-3.75%, 20.9%(-8.4 percentage points) chance of no change, 79.1%(+8.4 percentage points) chance of +25.0 basis point hike to 4.0-4.25% on 12/9
  • US Dollar Index 102.26 +.28%
  • MSCI Emerging Markets Currency Index 1,917.8 -.27%
  • Bitcoin/USD 75,631 -2.5%
  • Euro/Yen Carry Return Index 202.7 +.4%
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.13 +.9%
  • Yield Curve(2s/10s) 33.75 unch.
  • 10-Year US Treasury Yield 4.85% -8.0 basis points
  • Japan 30-Year Yield 3.84% -1.0 basis point
  • Federal Reserve's Balance Sheet $6.701 Trillion +.04%
  • Federal Reserve's Discount Window Usage $9.983 Billion +5.1%
  • U.S. Sovereign Debt Credit Default Swap 46.68 +.02%
  • Illinois Municipal Debt Credit Default Swap 187.7 -3.6%
  • Italian/German 10Y Yld Spread 107.0 -12.0 basis points
  • France Sovereign Debt Credit Default Swap 90.60 -6.7% 
  • UK Sovereign Debt Credit Default Swap 25.5 -1.8%
  • China Sovereign Debt Credit Default Swap 35.9 -4.4%
  • Brazil Sovereign Debt Credit Default Swap 150.2 +3.1%
  • Israel Sovereign Debt Credit Default Swap 57.0 -7.8%
  • Saudi Sovereign Debt Credit Default Swap 70.1 -2.3%
  • South Korea Sovereign Debt Credit Default Swap 23.2 -3.6%
  • China Corp. High-Yield Bond USD ETF(KHYB) 23.48 unch.
  • China High-Yield Real Estate Total Return Index 115.76 +1.0%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +3.4% unch.
  • Zillow US All Homes Rent Index YoY +2.9% unch.
  • US Urban Consumers Food CPI YoY +2.5% unch.
  • CPI Core Services Ex-Shelter YoY +2.9% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +3.20% unch.: CPI YoY +3.74% unch.
  • 1-Year TIPS Spread 2.00 -59.0 basis points
  • 10-Year TIPS Spread 2.23 -11.0 basis points
  • Treasury Repo 3M T-Bill Spread 19.75 +4.0 basis points
  • 2-Year SOFR Swap Spread -14.0 -.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.0 +.25 basis point
  • N. America Investment Grade Credit Default Swap Index 61.5 -1.0% 
  • BofA Private Credit Proxy Index 69.7 +1.4%
  • America Energy Sector High-Yield Credit Default Swap Index 146.0 +47.7%
  • High-Yield Tech Sector OAS Index 475.0 +.8% 
  • Bloomberg TRACE # Distressed Bonds Traded 294.0 +23.0
  • European Financial Sector Credit Default Swap Index 70.7 -4.6%
  • Emerging Markets Credit Default Swap Index 164.4 -3.0%
  • MBS 5/10 Treasury Spread 120.0 -5.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 567.0 +9.0 basis points
  • Avg. Auto ABS OAS .53 unch.
  • M2 Money Supply YoY % Change +5.7% unch.
  • Commercial Paper Outstanding $1,503.3B +.3%
  • 4-Week Moving Average of Jobless Claims 194,750 -1.1%
  • Continuing Claims Unemployment Rate 1.1% unch.
  • Kastle Back-to-Work Barometer(entries in secured buildings) 56.5 +.7%
  • Average 30-Year Fixed Home Mortgage Rate 7.30% -7.0 basis points
  • Weekly Mortgage Applications 192,600 -1.2%
  • Weekly Retail Sales +9.80% +20.0 basis points
  • OpenTable US Seated Diners % Change YoY +7.0% -5.0 percentage points
  • Box Office Weekly Gross $140.8M -1.3%
  • Nationwide Gas $4.07/gallon -.14/gallon 
  • Nationwide Diesel $6.23/gallon -.09/gallon 
  • Baltic Dry Index 2,740.0 +1.0%
  • Drewry World Container Freight Index $4,389.0/40 ft Box -.9%
  • China (Export) Containerized Freight Index 1,924.7 +2.3%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 400.0 -20.0%
  • Truckstop.com Market Demand Index 97.8 +8.7%
  • Rail Freight Carloads 280,264 -7.7%
  • TSA Total Traveler Throughput 2,610,670 +54.8% 
  • US Morning Consult Daily Consume Sentiment Index 86.4 +.1 point
  • Rasmussen Reports Daily Presidential Approval Tacking Poll 42.0% +1.0 percentage point
Best Performing Style
  • Large-Cap Value -.2%
Worst Performing Style
  • Mid-Cap Growth -6.3%
Leading Sectors
  • Gold & Silver +11.8%
  • Airlines +9.1%
  • Medical Equipment +6.7%
  • Video Gaming +6.4%
  • Social Media +5.0%
Lagging Sectors
  • Shipping -11.0%
  • Oil Service -11.5%
  • Energy -12.8%
  • Computer Hardware -14.3%
  • AI/Innovation -14.4%
Weekly High-Volume Stock Gainers (95)
  • FROG, KRMN, FLY, LASR, TMDX, QNT, LYNX, FLGT, CYRX, ETON, CGON, SLVM, LEU, IONQ, RGTI, EWTX, DNA, PPTA, EXTR, ZLAB, STEP, XERS, ADUR, AEVA, RIOT, COMP, LION, HSAI, PVLA, ARDT, TRUP, APP, ONT, ELAN, BETA, ONT, BKSY, ATEN, SPHR, ZVRA, RVMD, ACHC, ELF, U, GRDN, OUST, TPC, FOXF, HYMC, PAR, WSC, CSIQ, SKM, IMVT, JKS, REF, FNF, SARO, XPEV, RCEL, WYNN, ROIV, PCTY, ONC, ARHS, HUM, AAUC, IAG, JAN, STGW, TECX, ODTX, BILL, AU, IBN, ITT, LI, SG, MAT, ICUI, BIP, AERO, BIPC, AMPH, NVRI, KT, VCEL, VNT, BEN and PH 
Weekly High-Volume Stock Losers (74)
  • PAGP, MDGL, BTI, FIGS, PAA, CPT, CVSA, BSM, HUBS, ROCK, LYV, PBH, SFM, AFRM, DOX, APEI, CVI, FRNM, SLDE, SAP, HURN, LMND, CAVA, LOPE, URGN, DNOW, LTGO, LYTS, ARQT, CSV, OUT, MH, CRSR, ARQT, KE, AMSC, CAI, ROOT, CSTL, INOD, ZD, INGR, CLMT, SCSC, PNTG, TNDM, STRA, WLDN, GMED, RIGL, ASTH, REAX, MCHP, NTRA, NMIH, TILE, TEAM, WK, FIVN, ARLO, OMDA, AXON, HLIO, BL, AORT, AMN, DKNG, KRUS, IRTC, IRTC and PRAA
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