Trends and horizons: Monday, November 9, 2026
Every asset's change over 1 day to 1 year and its distance from the 5-year high, and each relative pair's monthly gap. The main table on the 2026-11-09 market moves page shows each asset's change during each calendar month; every asset's trailing 90-day change is on all assets, raw 90-day values.
Horizon table
Horizon
| Asset | Last | |||||||
|---|---|---|---|---|---|---|---|---|
| Us Equity | ||||||||
| S&P 500 (SPY) | 752.69 | +2.37% | +0.1% | −3.3% | −2.4% | +2.6% | +13.4% | −3.4% |
| Nasdaq 100 (QQQ) | 679.35 | +3.54% | −0.3% | −9.6% | −5.9% | −4.3% | +11.9% | −10.6% |
| Dividend (SCHD) | 35.65 | +1.36% | −0.7% | +7.9% | +6.0% | +14.6% | +38.1% | −1.5% |
| Dow (DIA ETF) | 523.33 | +2.17% | +0.8% | +1.4% | −2.7% | +6.2% | +13.0% | −3.3% |
| Russell 2000 (IWM ETF) | 282.51 | +3.23% | +1.2% | +1.3% | −6.1% | −0.1% | +18.1% | −7.2% |
| Sectors | ||||||||
| Tech (XLK) | 170.88 | +3.73% | −1.9% | −14.0% | −9.0% | −2.4% | +19.2% | −15.4% |
| Health care (XLV) | 188.33 | +1.91% | +2.0% | +10.3% | +14.1% | +32.3% | +31.0% | −0.7% |
| Financials (XLF) | 57.99 | +1.45% | +0.7% | +6.0% | +1.0% | +14.0% | +11.6% | −2.0% |
| Energy (XLE) | 61.94 | +0.52% | −7.9% | −4.8% | +8.4% | +12.7% | +42.3% | −11.5% |
| Staples (XLP) | 90.89 | +0.90% | +0.1% | +8.9% | +7.5% | +9.4% | +21.7% | −1.1% |
| Discretionary (XLY) | 121.01 | +2.92% | +2.4% | +7.2% | +1.2% | +1.1% | +3.4% | −2.2% |
| Utilities (XLU) | 43.79 | +1.53% | +0.3% | +5.7% | +1.2% | −0.7% | +0.4% | −6.3% |
| Materials (XLB) | 52.94 | +1.91% | −1.4% | +7.1% | +0.6% | +3.5% | +25.6% | −1.8% |
| Real estate (XLRE) | 44.64 | +1.45% | +2.3% | +7.3% | +0.1% | +2.2% | +11.9% | −2.2% |
| Communication (XLC) | 107.36 | +2.45% | +7.1% | −2.7% | −3.2% | −7.7% | −3.1% | −9.8% |
| Industrials (XLI) | 168.89 | +3.82% | −0.5% | −0.2% | −8.6% | −2.0% | +11.4% | −9.2% |
| Themes | ||||||||
| Semiconductors (SMH) | 487.41 | +5.05% | −4.1% | −19.2% | −16.4% | −14.0% | +40.4% | −27.1% |
| Software (IGV) | 101.46 | +2.61% | −0.4% | −9.9% | −1.2% | +11.3% | −7.3% | −13.8% |
| AI leaders basket (6 stocks, equal weight) | 7,674.60 | +2.75% | +2.1% | −9.8% | −8.2% | −5.5% | +6.6% | −10.8% |
| Equal-weight S&P 500 (RSP) | 220.95 | +2.27% | +0.4% | +3.7% | +0.8% | +9.1% | +19.7% | −1.1% |
| Value (IWD) | 262.61 | +2.00% | +1.3% | +3.6% | +2.3% | +13.0% | +30.5% | −1.0% |
| Growth (IWF) | 115.01 | +2.92% | −1.0% | −10.1% | −7.6% | −6.7% | −2.1% | −11.0% |
| Foreign | ||||||||
| Developed ex-US (EFA) | 104.96 | +3.01% | +1.2% | +1.5% | −3.3% | +2.5% | +15.1% | −3.5% |
| Developed (VEA) | 69.89 | +2.93% | +0.4% | −0.7% | −3.9% | −0.6% | +18.4% | −5.0% |
| Emerging (EEM) | 61.03 | +2.87% | −0.1% | −8.6% | −7.0% | −9.7% | +14.1% | −14.3% |
| Emerging (VWO) | 56.61 | +2.39% | +1.6% | −5.3% | −6.2% | −6.2% | +6.1% | −7.7% |
| Japan (EWJ) | 91.48 | +3.65% | −1.5% | −6.5% | −5.6% | −0.3% | +14.6% | −7.9% |
| China large-cap (FXI) | 34.66 | −0.83% | +4.4% | +1.2% | −4.2% | −6.2% | −11.6% | −15.4% |
| Germany (EWG) | 42.99 | +3.39% | +2.0% | +5.0% | −2.3% | +2.8% | +8.3% | −3.6% |
| Crypto | ||||||||
| Bitcoin (USD) | 75,259 | +0.68% | −1.8% | −8.8% | +16.1% | −6.7% | −28.1% | −39.7% |
| Ethereum (USD) | 2,132.15 | +0.32% | −5.2% | −14.2% | +11.7% | −8.3% | −40.5% | −55.9% |
| Commodity | ||||||||
| Gold (GLD ETF) | 379.53 | +1.88% | +4.9% | −1.3% | −4.8% | −12.5% | +3.0% | −23.5% |
| Silver (SLV ETF) | 48.14 | +2.71% | +5.6% | −12.1% | −16.3% | −34.1% | +9.6% | −54.4% |
| WTI crude (front-month futures)as of 2026-11-06 | 90.83 | +0.34% | −12.8% | +1.6% | +17.5% | −4.5% | +52.8% | −26.6% |
| Brent crude (front-month futures)as of 2026-11-06 | 98.32 | +0.03% | −16.4% | −2.2% | +19.2% | −2.9% | +55.1% | −23.2% |
| Copper (CPER ETF) | 38.43 | +2.02% | −2.4% | −4.7% | −3.7% | +0.4% | +25.3% | −7.2% |
| Rates | ||||||||
| US 3M bill | 4.24% | +5 bp | +3 bp | −1 bp | +37 bp | +55 bp | +32 bp | – |
| US 2Y | 4.56% | +5 bp | −3 bp | −24 bp | +37 bp | +66 bp | +101 bp | – |
| US 10Y | 4.88% | +2 bp | −3 bp | −36 bp | +23 bp | +50 bp | +77 bp | – |
| US 20Y | 5.29% | 0 bp | −2 bp | −36 bp | +9 bp | +36 bp | +61 bp | – |
| US 30Y | 5.26% | 0 bp | −2 bp | −34 bp | +7 bp | +31 bp | +56 bp | – |
| 2s10s spread | +32 bp | −3 bp | 0 bp | −12 bp | −14 bp | −16 bp | −24 bp | – |
| 30Y mortgage (weekly, published Thursdays) | 7.18% | n/a | −6 bp | −10 bp | +52 bp | +88 bp | +101 bp | – |
| Credit | ||||||||
| IG corporate (LQD) | 104.67 | +0.13% | +0.9% | +2.6% | −0.5% | −1.8% | −0.9% | −4.8% |
| High yield (HYG) | 77.51 | +0.36% | +0.8% | +0.9% | −1.2% | −0.4% | +2.3% | −1.5% |
| EM dollar debt (EMB) | 92.54 | +0.63% | +0.8% | +1.9% | −1.5% | −1.2% | +1.5% | −2.3% |
| Alts | ||||||||
| Managed futures (CTA) | 26.33 | −1.64% | −6.0% | −9.4% | +3.2% | −11.8% | +2.9% | n/a |
| FX / Vol | ||||||||
| Dollar (UUP ETF) | 28.97 | −0.55% | 0.0% | −0.2% | +3.2% | +6.0% | +6.4% | −0.5% |
| USD/JPY | 157.90 | −0.35% | 0.0% | −0.3% | +0.1% | +0.8% | +2.9% | −3.6% |
| USD/MXN | 18.5276 | −0.43% | −0.2% | +0.7% | +8.2% | +8.0% | +0.5% | −15.3% |
| VIX (Cboe) | 19.92 | −22.31% | −5.8% | +34.2% | +33.7% | +15.9% | +4.4% | −61.9% |
| Stress | ||||||||
| TIPS (TIP) | 106.03 | −0.23% | −0.3% | +1.7% | −0.8% | −1.9% | −0.4% | −1.9% |
| Long zero-coupon (ZROZ) | 59.12 | +0.14% | +0.4% | +9.4% | +1.2% | −4.0% | −8.5% | −56.2% |
| T-bill ETF (SGOV)new 5y high | 100.50 | +0.01% | +0.1% | +0.3% | +1.0% | +1.9% | +3.7% | 0.0% |
| Commodities (DBC) | 30.98 | −1.78% | −4.6% | −6.0% | +7.2% | +2.2% | +39.8% | −9.1% |
| KRE/SPY ratio | 0.0976 | −0.62% | −0.5% | +10.1% | −0.7% | +3.7% | +8.7% | −39.6% |
| SOFR (NY Fed, published next day)as of 2026-11-06 | 3.89% | −3 bp | −6 bp | −1 bp | +24 bp | +28 bp | −3 bp | – |
Relative pairs: monthly gap
| Pair | Nov MTD | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan | Dec | Nov 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AI leaders basket vs S&P 500 (SPY) | +1.7 | −7.9 | +4.1 | −1.2 | +7.0 | −9.6 | −0.4 | +10.7 | −0.1 | −7.1 | −0.1 | −2.0 | −0.2 |
| Semiconductors (SMH) vs S&P 500 (SPY) | −6.3 | −13.3 | +9.7 | +0.3 | −17.6 | +10.5 | +12.9 | +21.7 | −0.7 | +1.6 | +10.6 | +2.5 | −3.2 |
| Tech (XLK) vs defensives (XLP, XLV, XLU) | −6.3 | −18.6 | +8.8 | +6.3 | −8.8 | −3.6 | +21.2 | +18.5 | +2.5 | −10.8 | −3.0 | +3.4 | −9.8 |
| Cyclicals (XLY, XLF, XLI, XLB) vs defensives (XLP, XLV, XLU) | +0.7 | −5.2 | −2.5 | +0.9 | −0.5 | −1.3 | +1.4 | +4.8 | +0.4 | −5.2 | +0.7 | +4.5 | −4.1 |
| Equal-weight (RSP) vs cap-weight S&P 500 (SPY) | +1.6 | +5.9 | −4.5 | −0.6 | +1.0 | +3.3 | −2.6 | −4.5 | −1.0 | +4.3 | +1.9 | +0.3 | +1.7 |
| Small caps (IWM) vs S&P 500 (SPY) | +1.5 | +1.4 | −4.9 | −1.7 | −3.1 | +4.7 | −0.8 | +1.6 | 0.0 | +1.5 | +4.0 | −0.8 | +0.8 |
| Value (IWD) vs growth (IWF) | +3.7 | +10.4 | −5.3 | −1.7 | +8.6 | +5.0 | −4.3 | −3.7 | +0.3 | +6.0 | +6.1 | +1.2 | +4.5 |
| S&P 500 (SPY) vs developed ex-US (EFA) | −1.9 | −0.4 | +3.0 | +0.9 | −1.6 | −1.7 | +2.8 | +5.2 | +2.9 | −5.5 | −3.4 | −2.6 | −0.5 |
| Emerging (EEM) vs S&P 500 (SPY) | +0.4 | −7.7 | 0.0 | +1.9 | −6.3 | +1.3 | +1.9 | +2.2 | −4.3 | +6.8 | +6.6 | +2.1 | −2.0 |
| High yield (HYG) vs IG corporate (LQD) | −0.1 | −1.8 | +0.7 | +0.5 | +2.1 | 0.0 | −0.4 | +1.2 | +1.1 | −1.4 | +0.3 | +1.2 | −0.2 |
| Regional banks (KRE) vs S&P 500 (SPY) | +2.4 | +4.6 | −4.7 | −6.0 | +1.6 | +9.2 | −5.6 | −3.3 | +3.1 | −2.1 | +4.7 | +3.5 | +4.8 |
| Copper (CPER) vs gold (GLD) | −8.1 | +4.6 | +6.2 | −8.8 | +4.0 | +8.8 | +7.9 | +7.6 | +4.4 | −7.5 | −8.1 | +6.1 | −3.0 |
| Energy stocks (XLE) vs WTI crude | +1.2 | −1.3 | −8.7 | +6.1 | −9.7 | +15.5 | +11.2 | −6.3 | −41.0 | +6.8 | +0.6 | +1.6 | +6.6 |
| Discretionary (XLY) vs staples (XLP) | +3.2 | −4.9 | −1.9 | +0.5 | −3.4 | −3.7 | +3.8 | +5.8 | +1.9 | −11.3 | −6.0 | +2.5 | −5.5 |
| Dividend (SCHD) vs Nasdaq 100 (QQQ) | +1.3 | +16.7 | −9.3 | +0.1 | +12.1 | −1.5 | −9.2 | −11.2 | +2.2 | +8.9 | +7.5 | +1.1 | +4.7 |
| Nasdaq 100 (QQQ) vs S&P 500 (SPY) | −1.2 | −5.8 | +3.6 | +1.5 | −6.6 | +0.9 | +5.3 | +5.2 | +0.1 | −1.5 | −0.2 | −0.7 | −1.8 |
| Dow (DIA) vs Nasdaq 100 (QQQ) | +2.8 | +8.4 | −7.4 | −2.7 | +7.0 | +2.7 | −7.7 | −8.4 | −0.4 | +2.6 | +0.6 | +1.6 | +2.0 |
| Russell 2000 (IWM) vs Nasdaq 100 (QQQ) | +2.8 | +7.2 | −8.5 | −3.2 | +3.5 | +3.8 | −6.1 | −3.6 | −0.1 | +3.0 | +4.2 | 0.0 | +2.6 |
| Gold (GLD) vs S&P 500 (SPY) | +7.1 | −5.7 | −6.4 | +7.2 | +0.8 | −10.7 | −6.8 | −12.0 | −6.1 | +9.6 | +10.8 | +2.1 | +5.2 |
| Bitcoin vs S&P 500 (SPY) | −2.4 | −6.4 | +6.7 | +22.4 | +7.3 | −19.4 | −8.8 | +1.3 | +6.8 | −14.0 | −11.6 | −3.3 | −17.7 |
| Bitcoin vs gold (GLD) | −9.5 | −0.8 | +13.1 | +15.1 | +6.5 | −8.8 | −2.0 | +13.4 | +12.9 | −23.6 | −22.4 | −5.4 | −22.9 |
| Ethereum vs bitcoin | −2.6 | −8.7 | +2.4 | +7.6 | +11.2 | −1.2 | −7.6 | −4.6 | +5.2 | −4.9 | −7.3 | +2.3 | −4.7 |
| Silver (SLV) vs gold (GLD) | +1.3 | −11.6 | −2.6 | +4.9 | −2.9 | −10.1 | +4.0 | −0.6 | −8.8 | +3.9 | +4.8 | +23.6 | +11.0 |
| High yield (HYG) vs IG corporate (LQD) | −0.1 | −1.8 | +0.7 | +0.5 | +2.1 | 0.0 | −0.4 | +1.2 | +1.1 | −1.4 | +0.3 | +1.2 | −0.2 |
| Emerging (EEM) vs developed ex-US (EFA) | −1.6 | −8.1 | +3.0 | +2.8 | −8.0 | −0.5 | +4.8 | +7.3 | −1.4 | +1.3 | +3.1 | −0.5 | −2.5 |
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.