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◆QUANTLOGIX DAILY BRIEF
WEDNESDAY · 11/04/2026 PRE-MARKET
S&P Futures
7,660.25
+0.84%
Nasdaq Futures
28,340.5
+0.12%
10Y Yield
4.91%
-0.61%
Macro Sentiment
54/100
Neutral
Signal Breadth
19%
bearish

◆ Market Pulse

The Nasdaq Composite gained 0.83% to 25,372 while the S&P 500 added 0.36% to 7,568.92 and the Dow slipped 0.38%, with the Russell 2000 up 0.23%. The VIX fell 11.86% to 18.36. Technology (+1.31%) and Comm. Svcs (+1.18%) led sectors while Cons. Staples (-2.07%) and Materials (-2.01%) lagged hard — a growth-over-defensive rotation. Single-name action was dominated by small caps: UFG spiked 1,095.73% while SUPN dropped 32.85% and RZAI fell 32.81%.

◆ Index Board — Today's Close

S&P 500S&P 500 · 7,568.92 · +0.36% on the day+0.36%NASDAQ CompositeNASDAQ Composite · 25,372.01 · +0.83% on the day+0.83%Dow Jones IndustrialDow Jones Industrial Average · 51,786.72 · -0.38% on the day-0.38%Russell 2000Russell 2000 · 2,812.45 · +0.23% on the day+0.23%CBOE VolatilityCBOE Volatility Index · 18.36 · -11.86% on the day-11.86%

Change on the day for the major indices. VIX sits in the metric strip above — it reads inversely, so it is kept out of this scale.

◆ Overnight Futures

S&P FuturesS&P Futures · 7,660.25 · +0.84%+0.84%Nasdaq FuturesNasdaq Futures · 28,340.5 · +0.12%+0.12%Dow FuturesDow Futures · 52,736 · +1.62%+1.62%Russell 2000 FuturesRussell 2000 Futures · 2,863 · +1.35%+1.35%

◆ Overnight Headlines

SEEKING ALPHA5m ago
VONOY
CNBC5m ago
These are the stocks posting the largest moves in the premarket.
BENZINGA5m ago
BABA jumps 4% premarket. Explore how China policy support, Qwen AI expansion, Apple integration, and upcoming earnings are lifting Alibaba. AAPL BABA JEMA NVDA

◆ Signal Standouts

Across the 4,947-name universe, 18.5% carry bullish signals with strong_buy and strong_sell clusters at 327 and 101 names respectively. Breadth narrowed 2.2 points from yesterday, meaning leadership is thinning even as the Nasdaq grinds higher — the mega-cap strong-buy list (AAPL, MSFT, AMZN, META, TSLA) is doing the lifting while the median name stays neutral at 3,302 of 4,947.

19%BULLISH
Strong Buy
327
Buy
590
Neutral
3,302
Sell
627
Strong Sell
101
Signal breadth — last 40 sessions19%
2026-09-10low 14% · high 49%2026-11-04

Hover the line (or focus it and use ← →) to read any single session.

Strong Buy standouts: AAPL · MSFT · AMZN · META · TSLA · MU · BRK.B · JPM · AMD · WMT · V · XOM

Strong Sell standouts: AIG · RNR · TTMI · SCI · STVN · PSMT · SKYW · HOS · MH · SUPN · CALX · CBL

See full signals →

◆ Earnings Ahead

Sort by date, EPS growth, or revenue growth.
TickerNext ReportInLast EPS YoYLast Rev YoY
NVDA 2026-11-25 20d +127.8% +105.9%
WMT 2026-11-27 23d -9.1% +5.9%
XOM 2026-12-02 28d +0.0% +0.0%
AVGO 2026-12-10 36d +215.3% +85.5%
META 2027-01-19 75d +264.8% +26.1%
TSLA 2027-01-21 78d -43.6% -0.2%

◆ Sector Setup

Technology
BULLISH
Best sector on the tape at +1.31%, backed by mega-cap tech dominating the strong-buy signal list.
Comm. Svcs
BULLISH
Up 1.18% in the second-best slot, confirming the growth-led session.
Financials
BEARISH
Down 0.64% with insurers like AIG and RNR on the strong-sell list, and JPM the lone financial among strong buys.
Materials
BEARISH
Worst day at -2.01% as cyclical and commodity-linked names de-rated alongside the Array/Shoals merger headline in adjacent industrial tech.
Cons. Staples
BEARISH
Bottom of the board at -2.07%, an unusual defensive selloff that suggests positioning shifts rather than a risk-off bid.
Industrials
NEUTRAL
Up 0.95% with the Array Technologies–Shoals all-stock merger a live consolidation theme in the space.

◆ Economic Snapshot

Fed Funds Rate
3.88%YoY -5.1%
Unemployment Rate
4.2%YoY -2.3%
Inflation Rate (YoY)
3.72%
GDP Growth
3.4%YoY -24.4%
10-Year Treasury
4.91%YoY -3.7%
Consumer Sentiment
48.1YoY -12.7%

Year-over-year movement

Fed Funds RateFed Funds Rate: 3.88% · -5.1% year over year-5.13%Unemployment RateUnemployment Rate: 4.2% · -2.3% year over year-2.33%Inflation Rate (YoY)Inflation Rate (YoY): 3.72% · +0.0% year over year+0.00%GDP GrowthGDP Growth: 3.4% · -24.4% year over year-24.44%10-Year Treasury10-Year Treasury: 4.91% · -3.7% year over year-3.73%Consumer SentimentConsumer Sentiment: 48.1 · -12.7% year over year-12.70%

◆ Catalyst Calendar

The event calendar is light today with no corporate events listed; the nearest hard catalysts are NVDA earnings on 2026-11-25 and WMT on 2026-11-27, plus a modest IPO pipeline led by Primagrove (YHTE, $4-6 range) on 2026-11-09.

  • IPO YHTE — Primagrove Ltd · 2026-11-09
  • IPO BIAI — Bitari Inc · 2026-11-16
  • IPO SWA — Simwon America Corp
  • IPO FIT — Fitness Fanatics Ltd
  • IPO STA — Starton Holdings, Inc.,
  • IPO FMSN — Focus Media Network Limited
  • IPO TRCX — Tracx Logis Ltd.
  • IPO KATX — KAT Construction Services, Inc.

◆ IPO Radar — Upcoming Listings & Pipeline News

Sort by listing date, days out, or offer range · amber = news-estimated date
TickerCompanyListing DateInOffer RangeExchange
FIT Fitness Fanatics Ltd 2026-11-03est. listed $4–$6 XNAS
YHTE Primagrove Ltd 2026-11-09 5d $4–$6 XNAS
BIAI Bitari Inc 2026-11-16 12d $7–$7 XNAS
SWA Simwon America Corp 2026-11-25est. 21d $18–$22 XNAS
STA Starton Holdings, Inc., TBA — $5–$7 XNAS
FMSN Focus Media Network Limited TBA — $4–$6 XNAS
TRCX Tracx Logis Ltd. TBA — $18–$22 XNAS
KATX KAT Construction Services, Inc. TBA — $5–$7 XASE

Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.

◆ Private Markets & Pre-IPO Activity

The private tape is hot at the top: DeepSeek's $16B Series A at a $45B valuation (led by China's Big Fund) and TypeSafe AI's $870M Series A at $7.5B (led by Andreessen Horowitz) headline late-October activity, with a16z the most active lead at 10 deals and $2.11B deployed.

DateCompanyEventAmountLead Investor
2026-10-30 DeepSeek · Technology Series A $16,000M led by China's Big Fund (National Integrated Circuit Industry Investment $16.0B China's Big Fund (National Integrated Circuit Industry Investment Fund)
2026-10-29 Kalshi · Fintech Series F $1,000M $1.0B —
2026-10-12 Ambi · AI Pre-Series A $26M led by Luminous Ventures $26M Luminous Ventures
2026-10-09 Ultra · Robotics Series A $50M led by Framework Ventures $50M Framework Ventures
2026-10-09 TypeSafe AI · AI Series A $870M led by Andreessen Horowitz $870M Andreessen Horowitz
2026-10-09 Hone · AI Seed $60M led by Benchmark $60M Benchmark
2026-10-09 Meticulous · Enterprise Software Series A $15M led by Chemistry $15M Chemistry
2026-10-09 Kapta Space · Space Series A $24M led by Washington Harbour Partners $24M Washington Harbour Partners

Track 2,699 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.

◆ Trading Implications

Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.

◆ Deep Dive

Reading divergence: index up, breadth down

When an index rises while breadth narrows, a shrinking pool of large constituents is contributing most of the index's gain — today's 0.36% S&P advance against a 2.2-point bullish-breadth decline is that pattern. Divergences like this don't predict a top on their own, but they define the failure mode: the index becomes hostage to a few heavyweight names, so single-stock news moves the whole tape. The practical discipline is to track the signal distribution daily, not just the index — if the neutral block (3,302 names today) flips toward buy in a rising tape, the rally is broadening; if it flips toward sell while the index holds, leadership has thinned to a fragile core. Breadth is the participation meter, and participation is what sustains or breaks trends.

QuantLogix briefings are educational market commentary generated from live data, not investment advice. Signals are quantitative model outputs, not recommendations. Markets carry risk of loss.