Stocks Got Rocked. Bonds Picked Up Some Slack
Stocks Got Rocked. Bonds Picked Up Some Slack
Chipmakers and other tech names got absolutely rocked today starting at the 9:30am NYSE open. Hedge funds dumped semiconductors like a bad habit early and often (Sandisk down 20% anyone?!), and with tech comprising so much of the 2026 growth story, the rest of the stock market followed suit. Bonds were a hair weaker at 9:30am, but that rapidly changed due to the magnitude of the equity market exodus. Still, 10yr yields falling a mere 5-6bps is pretty underwhelming considering stocks had their worst day in over a year and hit their worst levels since April (NASDAQ specifically). Friday's jobs report is still a contender for volatility although any major swings in stocks should set the tone.
Stocks Rocked. Bonds Picked Up Some Slack
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Nov 06 | |||||
| 8:30AM | Oct Participation Rate | Oct | 61.8% | ||
| 8:30AM | Oct Average earnings mm (%) | Oct | 0.3% | 0.1% | |
| 8:30AM | Oct Unemployment rate mm (%) | Oct | 4.2% | 4.2% | |
| 8:30AM | Oct Non Farm Payrolls (k) | Oct | 65K | 29K | |
| 10:00AM | Nov Sentiment: 5y Inflation (%) | Nov | 3.5% | ||
| 10:00AM | Nov U Mich conditions | Nov | 48 | 46.7 | |
| 10:00AM | Nov Sentiment: 1y Inflation (%) | Nov | 4.7% | ||
| 10:00AM | Nov Consumer Sentiment (ip) | Nov | 48 | 48.0 | |
| 3:00PM | Sep Consumer credit (bl) | Sep | $12B | $8.28B | |
| Monday, Nov 09 | |||||
| 10:20AM | NY Fed Bill Purchases 1 to 4 months | $3.653 billion | |||
| 11:00AM | Oct Consumer Inflation Expectations | Oct | 3.9% | ||
