Major averages closed lower with the S&P 500 down 0.35% to 7,592.40, the Nasdaq off 0.39%, and the Dow slipping 0.36%, but the real damage was in small caps — the Russell 2000 fell 1.66%. Energy was the only sector with real traction, up 1.51%, while Materials (-1.28%) and Comm. Svcs (-0.96%) led the decline. VIX slipped 1.93% to 18.34 even as equities sold off, suggesting hedging demand is not building. Single-name action was dominated by small-cap volatility, with ADXN up 83% and CDNL down 62%. Headlines centered on the Fed bracing for another inflation fight and continued AI infrastructure momentum.
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 4,934-name universe shows 30.8% bullish signal coverage (1,521 buy-or-better vs. 986 sell-or-worse), with 2,427 names neutral. Breadth narrowed 7.1 points versus yesterday — leadership is thinning, with the strong-buy cohort concentrated in megacap tech (AAPL, GOOGL, AMZN, AVGO) while strong-sells skew to consumer and speculative names (RIVN, CRCL, STLA). Narrowing breadth into a defensive tape means fewer names are carrying the market, which raises single-name event risk.
Hover the line (or focus it and use ← →) to read any single session.
Strong Buy standouts: AAPL · GOOGL · GOOG · AMZN · AVGO · TSLA · MU · BRK.B · JPM · AMD · V · XOM
Strong Sell standouts: ING · TDG · ABEV · CRCL · RIVN · STLA · HL · FRHC · AG · IBRX · SBSW · BZ
See full signals →| Ticker | Next Report | In | Last EPS YoY | Last Rev YoY |
|---|---|---|---|---|
| NVDA | 2026-11-25 | 11d | +127.8% | +105.9% |
| WMT | 2026-11-27 | 14d | -9.1% | +5.9% |
| XOM | 2026-12-02 | 18d | +0.0% | +0.0% |
| AVGO | 2026-12-10 | 27d | +215.3% | +85.5% |
| META | 2027-01-19 | 67d | +264.8% | +26.1% |
| TSLA | 2027-01-21 | 68d | -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 is light on corporate events today, but Tracx Logis (TRCX) prices on the Nasdaq at an $18-$22 range, and Anthropic's IPO (ANT, $70-$78) lands November 19. NVDA earnings in 11 days (Nov 25) and WMT in 14 days are the next major catalysts on the tape.
| Ticker | Company | Listing Date | In | Offer Range | Exchange |
|---|---|---|---|---|---|
| TRCX | Tracx Logis Ltd. | 2026-11-13 | listed | $18–$22 | XNAS |
| ANT | ANTHROPIC, PBC | 2026-11-19 | 6d | $70–$78 | XNAS |
| YHTE | Primagrove Ltd | 2026-11-30 | 17d | $4–$6 | XNAS |
| BENE | Behneh Limited | TBA | — | $3–$5 | XNAS |
Full pipeline + S-1 tracker on IPO Radar · pre-IPO valuations and secondaries on Private Companies.
The private tape stays hot: Cyera closed a $400M Series G extension led by Blackstone at a $12B valuation today, following TypeSafe AI's $870M Series A from Andreessen Horowitz at $7.5B in October. a16z remains the most active lead with 10 deals and $2.11B deployed, ahead of General Catalyst's 5 deals and $825M.
| Date | Company | Event | Amount | Lead Investor |
|---|---|---|---|---|
| 2026-11-13 | Cyera · Cybersecurity | Series G extension $400M led by Blackstone | $400M | Blackstone |
| 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 tape shows an unusual pairing: the S&P down 0.35% and the Russell down 1.66%, yet VIX fell 1.93% to 18.34. This typically means options markets are pricing risk in large-cap names — where hedging liquidity is deep — rather than small caps, where protection is thinner and more expensive. The takeaway is that headline volatility readings can understate stress in the parts of the market actually breaking down. When breadth narrows (as it did today, -7.1 points) alongside falling VIX, the market is quietly de-risking beneath a calm surface. That combination historically warrants watching small-cap relative strength as your early-warning indicator rather than the index itself.