Monday, November 2, 2026
Morning: Intel sent the chip trade running for cover, while our Reddit shares took the full brunt of Google AI search · Evening: Crude collapsed into a cyclical rotation, and Oracle decided twenty billion in dilution was just what tech needed
Crude Plunge Fuels Cyclical Rotation Brent crude dropped more than 7% on Middle East peace hopes, powering a cyclical rally that lifted the Dow 0.4% while the S&P 500 slid 0.5% and the Nasdaq sank 1.1%. The steep divergence highlights heavy rotation out of high-multiple tech into defensives as macro anxiety pushed sentiment down to 23 into Extreme Fear.