Weekly Market Notes — November 1–8, 2026

Weekly Market Intelligence · Compiled by Albert Tang · Issue date: November 8, 2026 ℹ️ NOT FOR FINANCIAL ADVICE — FOR INFORMATIONAL AND ENTERTAINMENT USE ONLY Market Snapshot (Friday, Nov 6 close) Instrument Level Week S&P 500 7,376.86 ▼ 2.7% Dow 51,285.73 ▼ 0.9% Nasdaq Composite 24,579.42 ▼ 3.4% Russell 2000 2,754.11 ▼ 2.1% Brent Crude ~$97.79 ▼ ~12.5% 10-Yr Yield 4.86% ▼ ~7 bps Gold ~$4,081 (Fri. futures) ▲ ~5.0% Bitcoin ~$75,600 ▼ ~2.2% Weekly Overview A blue wave turned into a growth scare inside of 48 hours. Democrats flipped the House Tuesday, winning more than 40 GOP-held seats, and Wall Street's first read was relief — the Dow jumped roughly 3% Wednesday on hopes a divided Washington meant fewer policy shocks. Thursday flipped the script: voters had also decided 39 of 45 local data-center ballot measures in favor of restricting AI infrastructure, and the Nasdaq fell more than 5%, its worst session since April 2025's tariff shock, erasing well over $2 trillion in paper wealth in hours. Apple, reporting record September-quarter revenue the same week, still closed lower. Friday brought a stabilizer and a complication at once: October payrolls nearly tripled forecasts, calming recession talk but pushing December Fed rate-hike odds to roughly 80%. Oil posted its steepest weekly drop since the pandemic as Iran and Qatar edged toward a Hormuz breakthrough, and Binance said it has now covered 98% of last week's record hack. Estimated reading time: 8–9 minutes Headline 01 of 06 · Democrats Flip the House in a Midterm Blue Wave, and Wall Street Cheers — Briefly Midterm Elections · Policy Risk · Divided Government Tuesday's midterms delivered the clearest result of Trump's second term: Democrats took the House, flipping more than 40 Republican-held seats. Democrats were on pace for 251–268 seats, with Leader Hakeem Jeffries projecting at least 255 once every race is called; Senate results were mixed. Markets read it as good news — a divided Washington lowers the odds…