Congresswoman and former Speaker of the House Nancy Pelosi (D-Calif.) has announced she will not seek re-election in the 2026 election and will leave the House of Representatives after her current term ends.
Dalio’s comments come at a time when the Fed has announced that it will halt its QT program on December 1, with its balance sheet currently standing at approximately $7 trillion.
After two consecutive sessions of weakness, market breadth rebounded decisively on Wednesday, November 5. However, despite the impressive one-day recovery, longer-term breadth readings remain below key thresholds, signaling that the market still has work to do to confirm a sustainable uptrend.
Trump touted stock market record highs through Friday while acknowledging the shutdown is now affecting markets during his speech at the breakfast with Republican senators.
U.S. stock futures were fluctuating on Wednesday after Tuesday’s lower close. Futures of major benchmark indices were mixed. Investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.
On Tuesday, November 4, market breadth deteriorated sharply once again. Key metrics across advancing/declining stocks, moving averages, and longer-term trend indicators all turned more negative. The fading strength observed on Monday deepened into broader weakness, with downside momentum accelerating.
