Risk appetite roared back with the Russell 2000 up 3.15% to 2840.81, the Nasdaq Composite +2.74% to 25253, the S&P 500 +2.35% to 7549.94, and the Dow +2.15% to 52389.75. Industrials (+3.82%) and Technology (+3.73%) led while Energy (+0.52%) and Staples (+0.90%) lagged — a classic cyclicality-over-defensives rotation. Small caps outperforming mega caps and ETF flows into SPY and QQQ ($9B per the tape) point to broad participation, though the VIX actually ticked up 1.05% to 20.13 despite the rally. Single-name action was dominated by extreme micro-cap prints: ARAY +3372.73% and WCT +1821.75% on the upside, ONCO -48.49% on the downside.
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.
Every bar opens the sector ETF's live page.
QL signal universe · click a bar for the live 5-factor read.
QL signal universe · click a bar for the live 5-factor read.
The 5-factor distribution across 5180 names shows 36.2% bullish (1876 buy-or-better vs 652 sell-or-worse), a 19.3-point one-day broadening — a sharp participation expansion rather than narrow index-level beta. Breadth recovering this fast alongside small-cap outperformance suggests risk appetite is rebuilding from the bottom up, but 51% of the universe still sits in neutral, so confirmation requires follow-through rather than a single-session spike.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: FER · RGLD · PFGC · BBIO · FIVE · FROG · RRX · KYMR · ALSN · FLS · SOLS · TGTX
Strong Sell standouts: AFRM · BMNR · SM · DBX · MUR · ACAD · MNDY · TNK · ECO · WIX · WTTR · HURN
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| NVDA | 2026-11-25 | 14d | +127.8% | +105.9% |
| WMT | 2026-11-27 | 17d | -9.1% | +5.9% |
| XOM | 2026-12-02 | 21d | +0.0% | +0.0% |
| AVGO | 2026-12-10 | 30d | +215.3% | +85.5% |
| META | 2027-01-19 | 70d | +264.8% | +26.1% |
| TSLA | 2027-01-21 | 71d | -43.6% | -0.2% |
Bar length = days until the report · green/red = last EPS YoY direction · click through to the live page.
Year-over-year movement
The calendar carries three Nasdaq/NYSE listings on Nov 12 (RZRA $11-$13, WWB $16-$18, VVVV $21-$24) plus the headline event: Anthropic's ANT IPO at a $70-$78 range with a targeted Nov 19 debut, after the Dangote refinery IPO reportedly drew $4.1B in orders. NVDA reports in 14 days (Nov 25) and WMT in 17 (Nov 27) — no major corporate events are on the calendar.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| RZRA | Rezera Inc. | 2026-11-12 | 2d | $11–$13 | XNAS |
| WWB | Windward Bio Group AG | 2026-11-12 | 2d | $16–$18 | XNAS |
| VVVV | vVARDIS Holding AG | 2026-11-12 | 2d | $21–$24 | XNYS |
| YHTE | Primagrove Ltd | 2026-11-16 | 6d | $4–$6 | XNAS |
| ANT | Anthropic, PBC | TBA | — | $70–$78 | XNAS |
| BENE | Behneh Limited | TBA | — | $3–$5 | XNAS |
Listing-pipeline headlines
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
The private tape is active at the top end: Cyera's $800M Series G extension led by Goldman Sachs Alternatives at a $12B valuation and TypeSafe AI's $870M Series A led by Andreessen Horowitz at $7.5B headline the last month, with a16z the most active lead at 10 deals totaling $2.11B, ahead of General Catalyst (5 deals, $825M).
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-11-05 | Cyera · Cybersecurity | Series G extension $800M led by Goldman Sachs Alternatives (Growth Equity) | $800M | Goldman Sachs Alternatives (Growth Equity) |
| 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 |
| 2026-10-09 | Klarent · Enterprise Software | Seed $8M led by Mosaic Ventures | $8M | Mosaic Ventures |
Track 2,699 pre-IPO names on Private Companies · browse 280+ investor profiles · live deal tape on Deal Signals.
Bar = amount raised · click through to the company's pre-IPO page.
Where the money went — sector split
Most active lead investors (last 45 days)
Educational framework discussion of market conditions — not investment advice or a recommendation to buy or sell any security.
Today's most useful signal is the combination of a breadth expansion with a rising VIX — normally opposing readings. Breadth measures participation (how many names advance vs a benchmark), while VIX measures the price of insurance against index-level downside; a healthy new leg up typically shows breadth expanding as vol compresses. When they move together, it often means the rally is being driven by positioning unwinds and short covering in beaten-down small caps rather than durable accumulation. The way to test which regime you're in is follow-through: breadth persisting above ~40% bullish with the 10-year stable near 4.86% would support the risk-on read, while breadth fading within days at elevated vol marks the move as a squeeze. Treat single-session thrusts as hypotheses, not conclusions.