Gold stocks broke out of a major consolidation.
Copper miners followed with almost the same pattern. Are energy equities next? Source: Tavi Costa
🔴 Stock Market Crash "Hindenburg Omen" Triggered 🚨
The Hindenburg Omen, an indicator that correctly detected the 1987 and 2008 stock market crashes, has been triggered for the 5th time over the last month 👻😱 ➡️ What is a Hindenburg Open? The Hindenburg Omen is a technical stock-market indicator that attempts to predict increased probability of a market crash. It triggers when several conditions occur at the same time on a stock exchange (usually the NYSE), such as: A high number of new 52-week highs and 52-week lows on the same day A rising 50-day moving average Worsening market breadth Other internal market divergences It’s named after the Hindenburg disaster because it is meant to signal potential “market instability.” Source: Barchart
Under the surface, stocks continue to improve.
We keep hearing the opposite from Mr. Hindenburg, but fortunately we have the data to show what is really happening. Number of stocks above their 20-, 50-, and 200-day MAs are all moving higher the past week. Source: Ryan Detrick
Only 26% of S&P 500 stocks have outperformed the $SPX over the last 3 months, one of the worst market breadth readings since 2020
Source: Goldman
Buybacks are back...
"Goldman estimates over $6B worth of stock buyback vwap demand for each November trading day" Source: zerohedge
US corporate earnings growth is booming:
S&P 500 quarterly earnings growth is up to +18% YoY in Q3 2025, the highest since Q3 2021. Excluding the post-pandemic recovery, this marks the strongest growth since 2018. This comes as 6 of the 11 S&P 500 sectors reported positive average EPS growth in Q3, a material improvement from just 2 sectors in Q2. Additionally, median profit growth in the Russell 3000 index hit +11% YoY, the highest since Q3 2021 and up from +6% in Q2. Overall, the frequency of earnings beats is now among the highest on record. Earnings momentum is incredibly strong. Source: FT, Global Markets Investor
*SOFTBANK SHARES FELL AS MUCH AS 10% (before recovering somewhat to close at -3.5%)
Maybe liquidating NVDA to invest in its biggest cash-incinerating client wasn't the best idea... Source. zerohedge
Michael Burry has said that Oracle, $ORCL, and Meta, $META, could overstate earnings by 26.9% and 20.8%.
He adds: "It gets worse." Source: unusual_whales @unusual_whales
