Weekly Market UpdateWeek of Nov 2, 2026Oct 30, 2026
Most sectors rose. The index didn’t.
Three Things to Know This Week
Nine sectors rose; the S&P 500 fell
Health care +3.1% · communication services −5.3%
- Materials gained 2.8%, behind health care’s 3.1%.
- Technology lost 2.0% and communication services lost 5.3%.
October’s divide widened
Energy +13.9% in October · technology −8.3%
- Consumer staples gained 10.9% and health care 9.8% during October.
- Communication services fell 10.0% for the month.
Participation is stronger than the headline
64.6% above the 50-day average
- 62.2% of covered constituents were above the 200-day average.
- The same-session breadth reading covers 495 of 503 S&P 500 constituents.
State of the Stock Market
S&P 500 · Oct 30, 2026
Trend: Weak
Above 1 of 3 moving averages · 1 trading session in this weak trend since Oct 30, 2026
Risk
Low & Falling
63-day realized vol 10.5% · reference 15.0%
From 52-week high
-3.0%
52-week high set Oct 6, 2026
Position
Well Below Trend
Relative to the S&P 500's own 200-day trend history
Distance from trend
50-Day
-1.4%
1 trading session below since Oct 30, 2026
100-Day
-0.2%
1 trading session below since Oct 30, 2026
200-Day
+4.1%
144 trading sessions above since Apr 8, 2026
Broad markets
Total returns across major market exposures and horizons, shown side by side.
Tip: click any ticker to analyze it.
Sorted by YTD return · strongest to weakest
| Exposure | WTD | MTD | QTD | YTD | 1Y | 3Y Ann. | 5Y Ann. | 10Y Ann. |
|---|---|---|---|---|---|---|---|---|
| Broad commoditiesDBC | Broad commodities, Week to date: down 1.4 percent | Broad commodities, Month to date: up 4.0 percent | Broad commodities, Quarter to date: up 4.0 percent | Broad commodities, Year to date: up 50.3 percent | Broad commodities, 1 year: up 52.0 percent | Broad commodities, 3 years annualised, annualised: up 15.4 percent | Broad commodities, 5 years annualised, annualised: up 12.6 percent | Broad commodities, 10 years annualised, annualised: up 10.1 percent |
| U.S. small companiesIJR | U.S. small companies, Week to date: up 1.5 percent | U.S. small companies, Month to date: up 3.1 percent | U.S. small companies, Quarter to date: up 3.1 percent | U.S. small companies, Year to date: up 17.7 percent | U.S. small companies, 1 year: up 17.3 percent | U.S. small companies, 3 years annualised, annualised: up 18.8 percent | U.S. small companies, 5 years annualised, annualised: up 6.1 percent | U.S. small companies, 10 years annualised, annualised: up 10.7 percent |
| Emerging marketsEEM | Emerging markets, Week to date: down 1.6 percent | Emerging markets, Month to date: down 8.6 percent | Emerging markets, Quarter to date: down 8.6 percent | Emerging markets, Year to date: up 12.2 percent | Emerging markets, 1 year: up 12.9 percent | Emerging markets, 3 years annualised, annualised: up 21.5 percent | Emerging markets, 5 years annualised, annualised: up 6.2 percent | Emerging markets, 10 years annualised, annualised: up 7.5 percent |
| U.S. equitiesIVV | U.S. equities, Week to date: down 0.5 percent | U.S. equities, Month to date: down 0.9 percent | U.S. equities, Quarter to date: down 0.9 percent | U.S. equities, Year to date: up 11.8 percent | U.S. equities, 1 year: up 12.9 percent | U.S. equities, 3 years annualised, annualised: up 24.1 percent | U.S. equities, 5 years annualised, annualised: up 12.0 percent | U.S. equities, 10 years annualised, annualised: up 15.4 percent |
| International developedEFA | International developed, Week to date: up 0.7 percent | International developed, Month to date: down 0.5 percent | International developed, Quarter to date: down 0.5 percent | International developed, Year to date: up 9.3 percent | International developed, 1 year: up 12.5 percent | International developed, 3 years annualised, annualised: up 19.9 percent | International developed, 5 years annualised, annualised: up 8.5 percent | International developed, 10 years annualised, annualised: up 9.2 percent |
| Real estateVNQ | Real estate, Week to date: up 1.3 percent | Real estate, Month to date: up 4.8 percent | Real estate, Quarter to date: up 4.8 percent | Real estate, Year to date: up 9.2 percent | Real estate, 1 year: up 5.5 percent | Real estate, 3 years annualised, annualised: up 14.0 percent | Real estate, 5 years annualised, annualised: up 0.9 percent | Real estate, 10 years annualised, annualised: up 5.7 percent |
| High-yield creditHYG | High-yield credit, Week to date: up 0.5 percent | High-yield credit, Month to date: up 0.7 percent | High-yield credit, Quarter to date: up 0.7 percent | High-yield credit, Year to date: up 0.4 percent | High-yield credit, 1 year: up 1.3 percent | High-yield credit, 3 years annualised, annualised: up 8.5 percent | High-yield credit, 5 years annualised, annualised: up 3.4 percent | High-yield credit, 10 years annualised, annualised: up 4.3 percent |
| U.S. aggregate bondsAGG | U.S. aggregate bonds, Week to date: up 0.4 percent | U.S. aggregate bonds, Month to date: up 2.3 percent | U.S. aggregate bonds, Quarter to date: up 2.3 percent | U.S. aggregate bonds, Year to date: down 0.6 percent | U.S. aggregate bonds, 1 year: down 0.8 percent | U.S. aggregate bonds, 3 years annualised, annualised: up 5.3 percent | U.S. aggregate bonds, 5 years annualised, annualised: down 0.2 percent | U.S. aggregate bonds, 10 years annualised, annualised: up 1.4 percent |
| Investment-grade creditLQD | Investment-grade credit, Week to date: up 0.4 percent | Investment-grade credit, Month to date: up 2.5 percent | Investment-grade credit, Quarter to date: up 2.5 percent | Investment-grade credit, Year to date: down 2.0 percent | Investment-grade credit, 1 year: down 3.1 percent | Investment-grade credit, 3 years annualised, annualised: up 6.2 percent | Investment-grade credit, 5 years annualised, annualised: down 0.9 percent | Investment-grade credit, 10 years annualised, annualised: up 2.1 percent |
| Long-duration TreasuriesTLT | Long-duration Treasuries, Week to date: up 0.6 percent | Long-duration Treasuries, Month to date: up 5.6 percent | Long-duration Treasuries, Quarter to date: up 5.6 percent | Long-duration Treasuries, Year to date: down 2.8 percent | Long-duration Treasuries, 1 year: down 6.4 percent | Long-duration Treasuries, 3 years annualised, annualised: up 3.3 percent | Long-duration Treasuries, 5 years annualised, annualised: down 7.9 percent | Long-duration Treasuries, 10 years annualised, annualised: down 1.8 percent |
| GoldGLD | Gold, Week to date: down 3.0 percent | Gold, Month to date: down 6.6 percent | Gold, Quarter to date: down 6.6 percent | Gold, Year to date: down 10.2 percent | Gold, 1 year: down 5.8 percent | Gold, 3 years annualised, annualised: up 24.1 percent | Gold, 5 years annualised, annualised: up 16.4 percent | Gold, 10 years annualised, annualised: up 11.3 percent |
Total return, from adjusted closes. Data through Oct 30, 2026. — unavailable · 3Y/5Y/10Y annualised; shorter horizons cumulative.
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S&P 500 sectors
Total returns for the 11 S&P 500 sector ETFs across the same horizons.
Sorted by YTD return · strongest to weakest
| Exposure | WTD | MTD | QTD | YTD | 1Y | 3Y Ann. | 5Y Ann. | 10Y Ann. |
|---|---|---|---|---|---|---|---|---|
| EnergyXLE | Energy, Week to date: up 1.0 percent | Energy, Month to date: up 13.9 percent | Energy, Quarter to date: up 13.9 percent | Energy, Year to date: up 59.7 percent | Energy, 1 year: up 63.5 percent | Energy, 3 years annualised, annualised: up 22.1 percent | Energy, 5 years annualised, annualised: up 23.8 percent | Energy, 10 years annualised, annualised: up 11.6 percent |
| Information TechnologyXLK | Information Technology, Week to date: down 2.0 percent | Information Technology, Month to date: down 8.3 percent | Information Technology, Quarter to date: down 8.3 percent | Information Technology, Year to date: up 24.7 percent | Information Technology, 1 year: up 22.8 percent | Information Technology, 3 years annualised, annualised: up 31.4 percent | Information Technology, 5 years annualised, annualised: up 18.2 percent | Information Technology, 10 years annualised, annualised: up 23.7 percent |
| Health CareXLV | Health Care, Week to date: up 3.1 percent | Health Care, Month to date: up 9.8 percent | Health Care, Quarter to date: up 9.8 percent | Health Care, Year to date: up 20.4 percent | Health Care, 1 year: up 28.2 percent | Health Care, 3 years annualised, annualised: up 16.3 percent | Health Care, 5 years annualised, annualised: up 8.3 percent | Health Care, 10 years annualised, annualised: up 12.4 percent |
| MaterialsXLB | Materials, Week to date: up 2.8 percent | Materials, Month to date: up 8.3 percent | Materials, Quarter to date: up 8.3 percent | Materials, Year to date: up 17.3 percent | Materials, 1 year: up 20.1 percent | Materials, 3 years annualised, annualised: up 14.1 percent | Materials, 5 years annualised, annualised: up 6.4 percent | Materials, 10 years annualised, annualised: up 10.6 percent |
| Consumer StaplesXLP | Consumer Staples, Week to date: up 1.3 percent | Consumer Staples, Month to date: up 10.9 percent | Consumer Staples, Quarter to date: up 10.9 percent | Consumer Staples, Year to date: up 15.1 percent | Consumer Staples, 1 year: up 15.4 percent | Consumer Staples, 3 years annualised, annualised: up 13.1 percent | Consumer Staples, 5 years annualised, annualised: up 7.3 percent | Consumer Staples, 10 years annualised, annualised: up 8.2 percent |
| Real EstateXLRE | Real Estate, Week to date: up 1.4 percent | Real Estate, Month to date: up 5.5 percent | Real Estate, Quarter to date: up 5.5 percent | Real Estate, Year to date: up 9.6 percent | Real Estate, 1 year: up 4.8 percent | Real Estate, 3 years annualised, annualised: up 13.9 percent | Real Estate, 5 years annualised, annualised: up 1.4 percent | Real Estate, 10 years annualised, annualised: up 7.2 percent |
| IndustrialsXLI | Industrials, Week to date: up 1.7 percent | Industrials, Month to date: up 0.3 percent | Industrials, Quarter to date: up 0.3 percent | Industrials, Year to date: up 7.9 percent | Industrials, 1 year: up 9.0 percent | Industrials, 3 years annualised, annualised: up 21.8 percent | Industrials, 5 years annualised, annualised: up 11.5 percent | Industrials, 10 years annualised, annualised: up 13.2 percent |
| FinancialsXLF | Financials, Week to date: up 1.1 percent | Financials, Month to date: up 5.8 percent | Financials, Quarter to date: up 5.8 percent | Financials, Year to date: up 3.2 percent | Financials, 1 year: up 7.7 percent | Financials, 3 years annualised, annualised: up 23.3 percent | Financials, 5 years annualised, annualised: up 8.8 percent | Financials, 10 years annualised, annualised: up 13.1 percent |
| UtilitiesXLU | Utilities, Week to date: up 2.0 percent | Utilities, Month to date: up 10.1 percent | Utilities, Quarter to date: up 10.1 percent | Utilities, Year to date: up 1.7 percent | Utilities, 1 year: down 3.0 percent | Utilities, 3 years annualised, annualised: up 17.1 percent | Utilities, 5 years annualised, annualised: up 8.4 percent | Utilities, 10 years annualised, annualised: up 9.3 percent |
| Consumer DiscretionaryXLY | Consumer Discretionary, Week to date: up 2.0 percent | Consumer Discretionary, Month to date: up 6.0 percent | Consumer Discretionary, Quarter to date: up 6.0 percent | Consumer Discretionary, Year to date: down 3.4 percent | Consumer Discretionary, 1 year: down 2.3 percent | Consumer Discretionary, 3 years annualised, annualised: up 16.4 percent | Consumer Discretionary, 5 years annualised, annualised: up 3.6 percent | Consumer Discretionary, 10 years annualised, annualised: up 12.6 percent |
| Communication ServicesXLC | Communication Services, Week to date: down 5.3 percent | Communication Services, Month to date: down 10.0 percent | Communication Services, Quarter to date: down 10.0 percent | Communication Services, Year to date: down 14.4 percent | Communication Services, 1 year: down 12.5 percent | Communication Services, 3 years annualised, annualised: up 17.9 percent | Communication Services, 5 years annualised, annualised: up 5.6 percent | Communication Services, 10 years annualised, annualised: not available |
Total return, from adjusted closes. Data through Oct 30, 2026. — unavailable · 3Y/5Y/10Y annualised; shorter horizons cumulative.
Investment styles
Total returns across major U.S. style and factor exposures across the same horizons.
Sorted by YTD return · strongest to weakest
| Exposure | WTD | MTD | QTD | YTD | 1Y | 3Y Ann. | 5Y Ann. | 10Y Ann. |
|---|---|---|---|---|---|---|---|---|
| Small ValueIJS | Small Value, Week to date: up 1.0 percent | Small Value, Month to date: up 3.7 percent | Small Value, Quarter to date: up 3.7 percent | Small Value, Year to date: up 17.9 percent | Small Value, 1 year: up 19.1 percent | Small Value, 3 years annualised, annualised: up 19.3 percent | Small Value, 5 years annualised, annualised: up 6.8 percent | Small Value, 10 years annualised, annualised: up 10.0 percent |
| Small GrowthIJT | Small Growth, Week to date: up 2.0 percent | Small Growth, Month to date: up 2.5 percent | Small Growth, Quarter to date: up 2.5 percent | Small Growth, Year to date: up 17.0 percent | Small Growth, 1 year: up 15.3 percent | Small Growth, 3 years annualised, annualised: up 17.9 percent | Small Growth, 5 years annualised, annualised: up 4.9 percent | Small Growth, 10 years annualised, annualised: up 10.8 percent |
| Equal WeightRSP | Equal Weight, Week to date: up 0.8 percent | Equal Weight, Month to date: up 4.9 percent | Equal Weight, Quarter to date: up 4.9 percent | Equal Weight, Year to date: up 15.3 percent | Equal Weight, 1 year: up 16.0 percent | Equal Weight, 3 years annualised, annualised: up 19.7 percent | Equal Weight, 5 years annualised, annualised: up 8.5 percent | Equal Weight, 10 years annualised, annualised: up 12.3 percent |
| Large ValueIVE | Large Value, Week to date: up 0.6 percent | Large Value, Month to date: up 4.9 percent | Large Value, Quarter to date: up 4.9 percent | Large Value, Year to date: up 14.3 percent | Large Value, 1 year: up 16.0 percent | Large Value, 3 years annualised, annualised: up 19.6 percent | Large Value, 5 years annualised, annualised: up 11.6 percent | Large Value, 10 years annualised, annualised: up 12.2 percent |
| Momentum factorMTUM | Momentum factor, Week to date: down 1.8 percent | Momentum factor, Month to date: down 10.5 percent | Momentum factor, Quarter to date: down 10.5 percent | Momentum factor, Year to date: up 14.0 percent | Momentum factor, 1 year: up 11.9 percent | Momentum factor, 3 years annualised, annualised: up 29.0 percent | Momentum factor, 5 years annualised, annualised: up 9.5 percent | Momentum factor, 10 years annualised, annualised: up 15.5 percent |
| Quality factorQUAL | Quality factor, Week to date: down 0.1 percent | Quality factor, Month to date: up 0.1 percent | Quality factor, Quarter to date: up 0.1 percent | Quality factor, Year to date: up 12.7 percent | Quality factor, 1 year: up 14.1 percent | Quality factor, 3 years annualised, annualised: up 21.6 percent | Quality factor, 5 years annualised, annualised: up 10.7 percent | Quality factor, 10 years annualised, annualised: up 14.6 percent |
| Mid GrowthIJK | Mid Growth, Week to date: up 1.1 percent | Mid Growth, Month to date: down 1.5 percent | Mid Growth, Quarter to date: down 1.5 percent | Mid Growth, Year to date: up 11.9 percent | Mid Growth, 1 year: up 11.6 percent | Mid Growth, 3 years annualised, annualised: up 17.6 percent | Mid Growth, 5 years annualised, annualised: up 5.8 percent | Mid Growth, 10 years annualised, annualised: up 10.9 percent |
| Mid ValueIJJ | Mid Value, Week to date: up 1.6 percent | Mid Value, Month to date: up 5.6 percent | Mid Value, Quarter to date: up 5.6 percent | Mid Value, Year to date: up 11.8 percent | Mid Value, 1 year: up 13.1 percent | Mid Value, 3 years annualised, annualised: up 18.1 percent | Mid Value, 5 years annualised, annualised: up 8.2 percent | Mid Value, 10 years annualised, annualised: up 10.5 percent |
| Minimum VolatilityUSMV | Minimum Volatility, Week to date: down 0.0 percent | Minimum Volatility, Month to date: up 5.6 percent | Minimum Volatility, Quarter to date: up 5.6 percent | Minimum Volatility, Year to date: up 10.5 percent | Minimum Volatility, 1 year: up 10.5 percent | Minimum Volatility, 3 years annualised, annualised: up 15.2 percent | Minimum Volatility, 5 years annualised, annualised: up 7.6 percent | Minimum Volatility, 10 years annualised, annualised: up 10.8 percent |
| Large GrowthIVW | Large Growth, Week to date: down 1.5 percent | Large Growth, Month to date: down 5.5 percent | Large Growth, Quarter to date: down 5.5 percent | Large Growth, Year to date: up 9.4 percent | Large Growth, 1 year: up 10.0 percent | Large Growth, 3 years annualised, annualised: up 27.5 percent | Large Growth, 5 years annualised, annualised: up 11.5 percent | Large Growth, 10 years annualised, annualised: up 17.4 percent |
Total return, from adjusted closes. Data through Oct 30, 2026. — unavailable · 3Y/5Y/10Y annualised; shorter horizons cumulative.
Chart of the Week
Sectors: this week and the year so far
Health Care (XLV)+3.1%
Materials (XLB)+2.8%
Utilities (XLU)+2.0%
Consumer Discretionary (XLY)+2.0%
Industrials (XLI)+1.7%
Real Estate (XLRE)+1.4%
Consumer Staples (XLP)+1.3%
Financials (XLF)+1.1%
Energy (XLE)+1.0%
S&P 500 (IVV)-0.5%
Technology (XLK)-2.0%
Communication Services (XLC)-5.3%
Weekly and YTD total returns through October 30. Both columns use the same sector order, with a separate scale for each horizon. · Data through Oct 30, 2026
Energy leads YTD, while health care led this week. Technology remains positive for the year despite its recent losses; communication services is negative over both periods.
Three Things We're Watching
Can the lagging sectors recover?
Technology −2.0% this week
- Watch technology and communication services together.
- A rebound with continued gains elsewhere would be more broadly supported.
Does participation hold?
64.6% above the 50-day average
- Track both shorter- and longer-term participation.
- An index bounce with falling breadth would leave the picture uneven.
Does the October sector pattern persist?
Energy +13.9% in October
- Compare energy, staples and health care with technology.
- Use the weekly and YTD columns together rather than treating a single week as a lasting change.
Notes & methodology
Weekly total returns through October 30, 2026. Market tables use adjusted-close period anchors; the model section uses its explicitly labelled published weekly convention. Market tables use IVV for the S&P 500. The model table uses SPY and the same weekly YTD convention as Model Research. The ETF, source series and year-end anchor differ; compare each model with the benchmark in its own table.
AI assistance. This issue was prepared with AI-assisted research and drafting and reviewed by TrendToWealth before publication.
Explore full cross-asset returns and screening on the Market Map.