Market Overview - The market is experiencing poor breadth, with concerns about high valuations, particularly in tech and AI-related stocks [2][4] - Liquidity is decreasing in the market, contributing to profit-taking across various sectors, especially in technology [2][3] Valuation Metrics - The S&P 500 is trading at 23 times forward earnings estimates, above its 5-year average of 20 times, while the NASDAQ 100 is at 28 times compared to 19 times in 2022 [6] - An equal-weighted S&P 500 index is trading at a more than 25% discount to the standard S&P 500 index, indicating potential for rotation if market conditions change [7] Sector Performance - Consumer cyclicals are under scrutiny, with the potential for them to benefit from market rotation, but they need to demonstrate stronger performance [8] - Industrial sectors have shown flat performance over the past 10 to 11 months, indicating a lack of clear leadership in the market [9] Earnings Reports - Amgen reported a 12% growth in product sales, driven by a 14% increase in volume, although offset by a 4% decrease in net selling price [11] - The company raised its full-year revenue and EPS guidance, reflecting positive performance despite initial stock fluctuations [11] Small Cap Stocks - Small-cap stocks have not participated in the recent tech-driven market rally and are more exposed to temporary disruptions from business shutdowns [12][14] - Since October, larger market-cap stocks have outperformed smaller-cap stocks across most sectors, indicating a divergence in performance based on market capitalization [14]

Strains in money markets could persist into November as funding costs remain stubbornly high, building pressure for the Federal Reserve to bolster liquidity even before it stops shrinking its portfolio next month, according to Wall Street analysts https://t.co/oUeCZtL89j ...

RT Ruthie (@Ruthycrypt)Solana DEXs just processed $7.49B in trading volume over the past 24 hours.Even in a choppy market, Solana’s liquidity remains unmatched, showing how deep its DeFi rails have become. https://t.co/izuLHArIpq ...

The vibe? Cautious optimism.Liquidity is flowing, but conviction is thin.See how the community is reading the Fed move and drop your take inside CMC Topics🔗 https://t.co/Ln1UnsiD0J4/4 ...

Bitcoin liquidity disconnect. Photo by BeInCrypto Bitcoin is trading at $104,376 as of this writing, extending losses from the weekend after hitting highs of $111,190 on Friday and $111,250 by Sunday. The pullback comes even as global liquidity surges to levels unseen since the pandemic, with the US Federal Reserve injecting $125 billion into the banking system over the past five days and China’s money supply topping $47 trillion. More money is flooding the system, yet Bitcoin isn’t responding. $47 Trill ...

RT Milk Road (@MilkRoad)Stablecoin liquidity on Ethereum continues to explode.The stablecoin supply on $ETH just crossed $184B.That’s +$100B since January, the fastest inflow the chain has ever seen. https://t.co/ueQsEuUnSn ...

The U.S. Secured Overnight Financing Rate (SOFR) rose by 18 basis points to 4.22% on November 3, marking its largest single-day increase in a year. The spike may have been driven by heightened government shutdown risks prompting the U.S. Treasury to concentrate short-term debt issuance. The resulting surge in Treasury supply likely drained liquidity from funding markets, pushed up repo rates, and in turn lifted SOFR. https://t.co/gaA7wjoXUp ...

RT Milk Road (@MilkRoad)Stablecoin liquidity on Ethereum continues to explode.The stablecoin supply on $ETH just crossed $184B.That’s +$100B since January, the fastest inflow the chain has ever seen. https://t.co/ueQsEuUnSn ...

RT Neon (@Neon_EVM)Liquidity and users coming to the best chain.Your EVM dApp should too. 🏎️ ...

Bitcoin has hit bottom. Now it can only go up. That’s according to analysts David Brickell and Chris Mills. In their Connecting the Dots newsletter on Sunday, they said that in “this past week, we believe we’ve seen the ‘peak’ in US liquidity conditions tightening.” The London Crypto Club analysts see the moment as “marking a local bottom,” and predict that a surge in liquidity over the coming weeks will see Bitcoin “reconnect to the broader risk picture” and “retest record highs.” The bullish call come ...