Trends and horizons: Wednesday, November 4, 2026
Every asset's change over 1 day to 1 year and its distance from the 5-year high, and the relative pairs as the trailing 90-day gap at the latest close and each month-end. The main table on the 2026-11-04 market moves page shows each asset's trailing 90-day change.
Horizon table
Horizon
| Asset | Last | |||||||
|---|---|---|---|---|---|---|---|---|
| Us Equity | ||||||||
| S&P 500 (SPY) | 766.81 | +1.65% | −0.7% | −0.4% | −0.3% | +7.3% | +14.8% | −1.6% |
| Nasdaq 100 (QQQ) | 691.95 | +0.97% | −4.6% | −7.7% | −4.3% | +3.1% | +12.3% | −8.9% |
| Dividend (SCHD)new 5y high | 36.21 | +1.86% | +3.2% | +10.7% | +7.8% | +16.7% | +41.7% | 0.0% |
| Dow (DIA ETF) | 533.11 | +3.10% | +1.6% | +4.3% | −1.0% | +9.7% | +14.9% | −1.5% |
| Russell 2000 (IWM ETF) | 284.02 | +1.51% | +1.0% | +0.9% | −5.6% | +2.7% | +19.0% | −6.7% |
| Sectors | ||||||||
| Tech (XLK) | 176.50 | −0.01% | −7.6% | −11.7% | −5.5% | +9.2% | +20.7% | −12.6% |
| Health care (XLV)new 5y high | 189.66 | +3.06% | +5.5% | +14.1% | +17.4% | +32.1% | +32.9% | 0.0% |
| Financials (XLF)new 5y high | 59.20 | +3.51% | +5.5% | +10.7% | +2.6% | +15.6% | +14.7% | 0.0% |
| Energy (XLE) | 63.52 | −4.74% | −7.2% | +1.1% | +9.2% | +8.4% | +49.8% | −9.3% |
| Staples (XLP)new 5y high | 91.94 | +3.36% | +5.9% | +14.2% | +8.4% | +11.6% | +24.3% | 0.0% |
| Discretionary (XLY) | 122.33 | +4.26% | +6.1% | +11.2% | +3.6% | +4.4% | +3.6% | −1.2% |
| Utilities (XLU) | 43.61 | +0.44% | +2.6% | +9.5% | −0.4% | −4.7% | +1.0% | −6.7% |
| Materials (XLB)new 5y high | 53.90 | +2.49% | +3.9% | +10.3% | +4.1% | +7.3% | +29.5% | 0.0% |
| Real estate (XLRE) | 45.12 | +3.32% | +7.1% | +10.6% | +0.7% | +4.1% | +14.1% | −1.1% |
| Communication (XLC) | 104.96 | +3.47% | +1.8% | −4.9% | −6.0% | −9.1% | −5.8% | −11.8% |
| Industrials (XLI) | 169.46 | −1.09% | +0.6% | −0.3% | −8.8% | −0.4% | +12.3% | −8.9% |
| Themes | ||||||||
| Semiconductors (SMH) | 504.27 | −2.75% | −11.2% | −20.0% | −12.4% | −0.5% | +43.4% | −24.6% |
| Software (IGV) | 103.56 | +0.88% | −7.5% | −4.5% | +1.5% | +17.1% | −7.5% | −12.1% |
| AI leaders basket (6 stocks, equal weight) | 7,835.04 | +2.04% | −2.3% | −6.6% | −5.8% | −0.8% | +6.7% | −8.9% |
| Equal-weight S&P 500 (RSP)new 5y high | 223.33 | +1.86% | +2.7% | +6.5% | +1.8% | +11.6% | +21.8% | 0.0% |
| Value (IWD)new 5y high | 265.30 | +2.60% | +2.5% | +6.4% | +3.8% | +16.3% | +32.8% | 0.0% |
| Growth (IWF) | 117.90 | +0.39% | −4.2% | −7.2% | −5.1% | −1.4% | −1.3% | −8.7% |
| Foreign | ||||||||
| Developed ex-US (EFA) | 105.72 | +2.56% | +2.0% | +1.7% | −1.5% | +6.6% | +16.9% | −2.8% |
| Developed (VEA) | 70.82 | +2.09% | +0.7% | −0.4% | −1.7% | +5.1% | +20.5% | −3.8% |
| Emerging (EEM) | 61.62 | +0.85% | −3.0% | −8.9% | −6.6% | −3.4% | +15.0% | −13.5% |
| Emerging (VWO) | 56.28 | +1.70% | −1.3% | −5.5% | −6.1% | −3.9% | +5.9% | −8.2% |
| Japan (EWJ) | 93.86 | +1.37% | −1.2% | −5.1% | −0.8% | +7.1% | +18.2% | −5.5% |
| China large-cap (FXI) | 34.59 | +4.22% | +6.6% | +4.2% | −4.7% | −4.7% | −10.5% | −15.6% |
| Germany (EWG) | 43.50 | +3.42% | +4.1% | +5.3% | −0.8% | +7.0% | +10.0% | −2.4% |
| Crypto | ||||||||
| Bitcoin (USD) | 80,428 | +4.00% | −1.0% | −7.0% | +25.6% | +0.7% | −20.7% | −35.5% |
| Ethereum (USD) | 2,422.27 | +6.63% | +2.8% | −11.2% | +29.6% | +3.2% | −26.3% | −49.9% |
| Commodity | ||||||||
| Gold (GLD ETF) | 372.49 | +3.68% | −0.3% | −2.0% | −0.4% | −10.2% | +2.8% | −24.9% |
| Silver (SLV ETF) | 47.16 | +5.17% | −3.9% | −13.8% | −12.4% | −28.5% | +10.3% | −55.3% |
| WTI crude (spot)as of 2026-11-03 | 99.64 | −0.42% | −3.6% | +1.8% | +21.6% | −5.4% | +61.3% | −19.4% |
| Brent crude (spot)as of 2026-11-03 | 107.03 | −0.34% | −13.1% | −21.0% | +20.4% | −9.5% | +62.7% | −22.6% |
| Copper (CPER ETF) | 38.59 | +0.21% | −4.3% | −2.4% | −3.9% | +8.5% | +26.4% | −6.9% |
| Rates | ||||||||
| US 3M bill | 4.21% | 0 bp | +3 bp | +2 bp | +32 bp | +51 bp | +25 bp | – |
| US 2Y | 4.58% | −3 bp | −9 bp | −25 bp | +38 bp | +63 bp | +100 bp | – |
| US 10Y | 4.90% | −5 bp | −15 bp | −38 bp | +27 bp | +45 bp | +80 bp | – |
| US 20Y | 5.30% | −5 bp | −11 bp | −37 bp | +12 bp | +29 bp | +65 bp | – |
| US 30Y | 5.28% | −4 bp | −9 bp | −35 bp | +10 bp | +26 bp | +61 bp | – |
| 2s10s spread | +32 bp | −2 bp | −6 bp | −13 bp | −11 bp | −18 bp | −20 bp | – |
| 30Y mortgage (weekly) | 7.24% | n/a | −8 bp | +21 bp | +66 bp | +101 bp | +105 bp | – |
| Credit | ||||||||
| IG corporate (LQD) | 104.50 | +0.75% | +0.8% | +3.0% | −0.9% | −1.1% | −1.1% | −5.0% |
| High yield (HYG) | 77.52 | +0.70% | +0.4% | +1.3% | −1.1% | +0.1% | +2.6% | −1.5% |
| EM dollar debt (EMB) | 92.44 | +1.01% | +1.2% | +3.0% | −1.6% | −0.2% | +1.6% | −2.4% |
| Alts | ||||||||
| Managed futures (CTA) | 26.73 | −5.71% | −11.4% | −7.9% | +6.5% | −15.7% | +4.6% | n/a |
| FX / Vol | ||||||||
| Dollar (UUP ETF) | 28.90 | −0.38% | −0.6% | 0.0% | +2.6% | +5.2% | +5.5% | −0.8% |
| USD/JPY | 158.42 | −0.15% | +0.4% | +0.4% | +0.4% | +0.8% | +3.1% | −3.3% |
| USD/MXN | 18.6089 | −1.13% | −0.1% | +2.6% | +7.9% | +6.3% | −0.3% | −15.0% |
| VIX (Cboe) | 16.61 | −20.26% | −1.8% | +8.5% | +0.7% | −9.2% | −12.6% | −68.3% |
| Stress | ||||||||
| TIPS (TIP) | 106.10 | 0.00% | 0.0% | +2.1% | −0.7% | −1.6% | −0.4% | −1.8% |
| Long zero-coupon (ZROZ) | 58.85 | +1.24% | +1.8% | +10.2% | +0.7% | −2.5% | −9.9% | −56.4% |
| T-bill ETF (SGOV)new 5y high | 100.45 | +0.01% | +0.1% | +0.3% | +1.0% | +1.9% | +3.7% | 0.0% |
| Commodities (DBC) | 31.29 | −3.55% | −7.4% | −3.8% | +10.5% | −0.1% | +41.2% | −8.2% |
| KRE/SPY ratio | 0.0967 | +0.06% | +3.5% | +5.1% | −3.9% | +1.3% | +10.5% | −40.2% |
| SOFR (NY Fed)as of 2026-11-03 | 3.97% | +2 bp | +2 bp | +9 bp | +32 bp | +33 bp | −16 bp | – |
Relative pairs: trailing 90-day gap
| Pair | 90D as of Last | Oct 31 | Sep 30 | Aug 31 | Jul 31 | Jun 30 | May 31 | Apr 30 | Mar 31 | Feb 28 | Jan 31 | Dec 31 | Nov 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AI leaders basket vs S&P 500 (SPY) | −5.6 pp | −5.4 pp | +9.5 pp | −3.4 pp | −4.1 pp | −2.2 pp | +9.6 pp | +1.9 pp | −7.0 pp | −9.1 pp | −2.3 pp | +0.9 pp | +5.2 pp |
| Semiconductors (SMH) vs S&P 500 (SPY) | −11.8 pp | −4.8 pp | +0.2 pp | −13.2 pp | +2.1 pp | +53.1 pp | +36.9 pp | +21.4 pp | +10.8 pp | +15.0 pp | +9.7 pp | +4.6 pp | +15.1 pp |
| Tech (XLK) vs defensives (XLP, XLV, XLU) | −13.2 pp | −3.7 pp | +13.3 pp | −11.9 pp | +5.1 pp | +38.2 pp | +42.7 pp | +9.2 pp | −10.7 pp | −10.4 pp | −9.5 pp | −1.5 pp | +1.7 pp |
| Cyclicals (XLY, XLF, XLI, XLB) vs defensives (XLP, XLV, XLU) | −8.0 pp | −6.8 pp | −1.5 pp | −2.3 pp | −0.6 pp | +4.3 pp | +5.5 pp | −0.1 pp | −3.8 pp | +0.4 pp | +1.3 pp | −0.9 pp | −7.4 pp |
| Equal-weight (RSP) vs cap-weight S&P 500 (SPY) | +2.5 pp | +0.5 pp | −5.5 pp | +3.6 pp | +2.5 pp | −3.3 pp | −8.0 pp | −1.0 pp | +5.0 pp | +6.8 pp | +4.1 pp | −1.3 pp | −4.3 pp |
| Small caps (IWM) vs S&P 500 (SPY) | −4.5 pp | −5.2 pp | −9.0 pp | −0.2 pp | +0.6 pp | +6.4 pp | −0.2 pp | +3.1 pp | +5.3 pp | +4.8 pp | +4.1 pp | −1.0 pp | −0.2 pp |
| Value (IWD) vs growth (IWF) | +8.4 pp | +3.6 pp | −2.7 pp | +12.0 pp | +10.8 pp | −2.4 pp | −7.3 pp | +3.1 pp | +11.8 pp | +13.3 pp | +11.9 pp | +3.1 pp | −2.4 pp |
| S&P 500 (SPY) vs developed ex-US (EFA) | +1.5 pp | +3.5 pp | +3.1 pp | −2.7 pp | −1.1 pp | +7.3 pp | +9.1 pp | +2.6 pp | −5.5 pp | −12.0 pp | −6.8 pp | −1.5 pp | +2.2 pp |
| Emerging (EEM) vs S&P 500 (SPY) | −5.2 pp | −6.2 pp | −1.0 pp | −6.1 pp | −3.5 pp | +5.9 pp | +1.0 pp | +4.1 pp | +8.2 pp | +16.2 pp | +6.7 pp | +0.4 pp | +2.7 pp |
| High yield (HYG) vs IG corporate (LQD) | −0.4 pp | −0.5 pp | +3.0 pp | +2.6 pp | +1.7 pp | +0.6 pp | +1.7 pp | +1.0 pp | 0.0 pp | +0.1 pp | +1.3 pp | +1.3 pp | −1.4 pp |
| Regional banks (KRE) vs S&P 500 (SPY) | −2.5 pp | −6.2 pp | −9.6 pp | +5.2 pp | +5.6 pp | +0.1 pp | −7.2 pp | −2.1 pp | +5.5 pp | +6.0 pp | +13.6 pp | +1.6 pp | −9.5 pp |
| Copper (CPER) vs gold (GLD) | −0.9 pp | +2.8 pp | +6.0 pp | −0.6 pp | +21.4 pp | +25.7 pp | +21.7 pp | +5.1 pp | −10.1 pp | −10.5 pp | −5.3 pp | +2.7 pp | −7.2 pp |
| Energy stocks (XLE) vs WTI crude | −16.4 pp | −6.5 pp | −23.1 pp | +21.8 pp | +20.1 pp | +21.5 pp | −28.8 pp | −50.8 pp | −41.7 pp | +10.4 pp | +12.4 pp | +8.5 pp | +9.9 pp |
| Discretionary (XLY) vs staples (XLP) | −4.9 pp | −6.2 pp | −2.3 pp | −5.2 pp | −3.7 pp | +4.3 pp | +10.9 pp | −3.7 pp | −14.7 pp | −15.3 pp | −9.2 pp | −0.5 pp | +3.3 pp |
| Dividend (SCHD) vs Nasdaq 100 (QQQ) | +11.4 pp | +7.3 pp | −2.7 pp | +12.5 pp | +3.7 pp | −21.4 pp | −18.7 pp | +0.9 pp | +18.7 pp | +18.1 pp | +13.6 pp | −0.2 pp | −8.9 pp |
| Nasdaq 100 (QQQ) vs S&P 500 (SPY) | −3.1 pp | −0.9 pp | +1.3 pp | −5.1 pp | −1.8 pp | +11.9 pp | +11.0 pp | +3.4 pp | −1.6 pp | −2.5 pp | −2.8 pp | −0.6 pp | +2.5 pp |
| Dow (DIA) vs Nasdaq 100 (QQQ) | +2.5 pp | −1.5 pp | −7.3 pp | +7.6 pp | +4.1 pp | −13.5 pp | −16.8 pp | −5.6 pp | +2.7 pp | +4.8 pp | +4.2 pp | +2.2 pp | −3.6 pp |
| Russell 2000 (IWM) vs Nasdaq 100 (QQQ) | −1.4 pp | −4.3 pp | −10.3 pp | +4.9 pp | +2.3 pp | −5.5 pp | −11.3 pp | −0.3 pp | +6.9 pp | +7.2 pp | +6.8 pp | −0.3 pp | −2.6 pp |
| Gold (GLD) vs S&P 500 (SPY) | −4.4 pp | −5.7 pp | −1.9 pp | −2.1 pp | −16.1 pp | −30.1 pp | −25.4 pp | −8.9 pp | +12.9 pp | +24.0 pp | +19.1 pp | +9.5 pp | +15.7 pp |
| Bitcoin vs S&P 500 (SPY) | +25.1 pp | +20.5 pp | +33.2 pp | +16.6 pp | −24.1 pp | −28.3 pp | −3.6 pp | −13.4 pp | −17.7 pp | −26.6 pp | −30.6 pp | −29.7 pp | −23.5 pp |
| Bitcoin vs gold (GLD) | +29.6 pp | +26.2 pp | +35.2 pp | +18.7 pp | −7.9 pp | +1.8 pp | +21.8 pp | −4.5 pp | −30.6 pp | −50.6 pp | −49.7 pp | −39.2 pp | −39.2 pp |
| Ethereum vs bitcoin | +2.2 pp | −2.3 pp | +22.1 pp | +15.0 pp | +0.5 pp | −12.6 pp | −8.0 pp | −7.2 pp | −7.1 pp | −8.4 pp | −8.4 pp | −6.4 pp | −13.4 pp |
| Silver (SLV) vs gold (GLD) | −11.2 pp | −10.6 pp | −1.6 pp | −10.7 pp | −11.1 pp | −5.7 pp | −1.4 pp | −6.9 pp | −2.8 pp | +41.2 pp | +50.5 pp | +39.8 pp | +19.6 pp |
| High yield (HYG) vs IG corporate (LQD) | −0.4 pp | −0.5 pp | +3.0 pp | +2.6 pp | +1.7 pp | +0.6 pp | +1.7 pp | +1.0 pp | 0.0 pp | +0.1 pp | +1.3 pp | +1.3 pp | −1.4 pp |
| Emerging (EEM) vs developed ex-US (EFA) | −3.7 pp | −2.7 pp | +2.1 pp | −8.8 pp | −4.6 pp | +13.1 pp | +10.1 pp | +6.7 pp | +2.7 pp | +4.1 pp | −0.1 pp | −1.1 pp | +4.9 pp |
Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.