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StockMarket.NewsNov 3, 2026 at 09:28 PM
The S&P 500 is only about 3% below its record high, yet 60% of its stocks are already in a bear market, per Goldman Sachs
That means 3 in 5 members are down 20% or more from their 52 week highs, a setup Goldman trader Bobby Molavi calls a "stealth bear market"
The Magnificent 7 have lost about $4 trillion in market value since Oct 15, and the Philly semiconductor index fell 7% last Friday to break below its 200 day average for the first time in a year
Demand isn't the problem. $Alphabet(GOOGL.US) Cloud revenue doubled, $Microsoft(MSFT.US) Azure grew 48% and $Amazon(AMZN.US) AWS grew 39%, its fastest pace in 5 years
The worry is the bill. The 4 biggest hyperscalers generated just $26B of combined free cash flow, and $Amazon(AMZN.US) long term debt jumped from $66B to $173B in 9 months
Molavi also flags the spread between B and CCC rated bonds at 8 points, a level seen fewer than 5 times since 1996, and the S&P 500 was at least 11.5% below its high every time
The index headline looks calm, but under the hood most stocks are already in a downturn while AI capex, not AI demand, sets the tone
Source: StockMarket.News
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StockMarket.NewsNov 3, 2026 at 06:55 PM
Bitcoin miners are ripping today, with 9 big names up between 10% and 17%
$Hut 8 Mining(HUT.US) +16.7%
$Cipher Digital(CIFR.US) +16.7%
$Riot Platforms(RIOT.US) +16.3%
$Terawulf(WULF.US) +14.2%
$CleanSpark(CLSK.US) +13.5%
$Galaxy Digital(GLXY.US) +13.1%
$Core Scientific, Inc.(CORZ.US) +10.8%
$IREN(IREN.US) +10.6%
$Mara(MARA.US) +10.3%
Bitcoin itself is only up about 1%, and the S&P 500 is up 0.6%
The bounce comes after a brutal month. $Cipher Digital(CIFR.US) fell 56% and $IREN(IREN.US) fell 47% in the 21 trading days into Monday's close, and most of the group lost 30% to 45%
Keefe Bruyette warned Monday of a "lease catalyst drought" for AI data center hosting deals, while JPMorgan called $Cipher Digital(CIFR.US) "substantially undervalued" this morning with an $18 target, as other analysts cut theirs
These stocks now trade as AI data center plays more than bitcoin bets, so a 15% day after a 40% drawdown says more about positioning than fundamentals, and the next hosting lease is what decides whether it sticks
Source: StockMarket.News
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StockMarket.NewsNov 3, 2026 at 06:05 PM
The S&P 500 has finished higher 12 months after every midterm election since 1950
That's 19 for 19, with an average gain of about 15%, per JPMorgan Asset Management
Today is Election Day, and JPMorgan mapped out how $SPY could react to each result
Democratic sweep (66% odds) means anywhere from -0.25% to +0.5%
Dem House with a GOP Senate (26% odds) means +0.5% to +1%
Republican sweep (7% odds) means +1% to +1.25%
The bank says a blue wave could hit AI stocks on data center regulation fears, while a red wave could keep the Iran campaign and deficit spending going
The catch this time is valuation. The Shiller CAPE sits at 40.7, the highest ever heading into a midterm and well above the old record of 33.8 in 1998
History favors the bulls, but no streak has ever started from a market this expensive, so tonight's result might matter less than whether AI earnings can justify the price tag
Source: StockMarket.News
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NewUser_zS0M8w Nebius Return RateMicrosoftNov 3, 2026 at 03:16 PM
I thought it would be a decent recovery on Monday but I guessed wrong. Stocks went tumbling down even further after I went to sleep. Will the pattern repeat again today?
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Captain's Watch
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...
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NewUser_OLAl4Nov 3, 2026 at 02:47 PM
$VG S&P 500(VOO.US)
VOO opened higher as US midterm polls got underway, with investors positioning ahead of a potentially market-moving result. The initial optimism is encouraging, but I expect volatility to pick up as results come in. The key question is whether Republicans can retain control of Congress against current expectations. I’m staying invested but keeping some room to add on weakness if election uncertainty triggers a deeper pullback.
Trade Showcase: Trade, Show & Earn Rewards!
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NewUser_ThinkSwimGo Beyond!Nov 3, 2026 at 02:11 PM
The market tonight will be wild as the mid-term election begins in the USA. I do not know if we are going to up or down movements but that it will be a rollercoaster ride. As for the long advice for leaps one year into June next year might be a good idea based on historical data but not financial advice. DCA slowly into the stock you are eyeing for.
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Captain's Watch
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...
P
Paradi LabNov 3, 2026 at 12:55 PM
A Democratic sweep at the Midterms is largely priced in IMO.
During the 2024 Presidential elections, equity positioning was at similar levels to now and was tracking closely to earnings growth. Higher earnings, higher positioning.
However there's currently a mis-match where earnings growth is significantly higher large-cap equity positioning per Deutsche.
It therefore feels like ongoing geopolitcal tensions and negative tech sentiment are the bigger overhang on stocks right now.
Both are dancing together in the eye of the storm which we saw yesterday with an initial "Brent down, S&P up" move that later got reversed as people remembered their lingering AI financing concerns.
For the past 5-6 weeks, prediction markets have suggested a Democratic sweep, and as of this morning, Polymarket gives the Democrats a 95% chance of winning the House and a 79% chance of retaking the Senate.
However, I would still expect volatility through the day particularly with the AI complex so highly levered toward U.S. government policy combined with back-to-back weeks of downside pressure.
Doesn't seem like a tasty cocktail (to me) despite Semis currently trading higher pre-market.
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Ivy_CheongNov 3, 2026 at 10:24 AM
Hang tight
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Captain's Watch
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...
J
jasontzyNov 3, 2026 at 08:45 AM
There’s gonna be a big swing cause of results release so be careful before investing as always.
All the best and hope your trades go green
C
Captain's Watch
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...
S
ShortWalkNov 3, 2026 at 07:17 AM
Good earnings still cant save bloodbath from happening
C
Captain's Watch
Featured☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite
Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though...