The sour mood in equity markets has extended for another session, dominated by persistent risk-off sentiment over stretched Tech sector valuations. The entire day is squarely focused on $NVDA (+0,78 %) 's Q3 earnings results after the close.

📉 Equities: Volatility & Global Declines

🇺🇸 US Indices: The S&P 500 and Nasdaq closed down for a fourth consecutive day (-0.7% each).

🇪🇺 Europe: Euro area equities led the losses, accumulating a decline of over 3% in a week.

😨 Volatility: The $VIX volatility index (the "fear gauge") is soaring, up 42% week-over-week and trading above 24 points, reflecting high pre-Nvidia uncertainty.

🇦🇺 Australia: The $XAO (-0 %) index plunged by 2% (Tech sector down 6% in one day), while $CBA (Commonwealth Bank) hit a 6-month low.

💡 Labor Data & The Fed Narrative

Despite the equity panic, macro data supports bets on a Fed rate cut:

Unemployment: Early data revealed 232000 new unemployment claims (week ending Oct 18).

ADP (Jobs): Companies shed an average of 2500 jobs per week in the four weeks ending Nov 1, highlighting labor market weakness.

Fixed Income: US Treasury yields ended %lower% as investors sought safer assets, slightly increasing the market-implied probability that the Fed will lower rates in December%.

💻 Tech and Crypto on Edge

$NVDA (+0,78 %) : Attention is at its peak. The stock fell over 1% ahead of Q3 results, which are seen as a critical test of the longevity of the AI boom.

$AAPL (+0,18 %) : A rare US outperformer (+0.3%) due to a 37% sales increase in China.

$MSFT (+1,08 %) / $NVDA (+0,78 %) : The AI arms race continues with an agreement to invest another 15 Billion USD into OpenAI competitor Anthropic.

$$BRK.B (+0,05 %) Bought 5 Billion USD of $GOOG (+1,62 %) stock.

₿ Crypto: $BTC (+1,76 %) is stabilizing near $91k after a sharp drop, with overall crypto markets holding steady ahead of macro data.

⛽ Commodities & Safe Havens

Oil ($1BRN ): Closed higher, near 65$/barrel, due to supply concerns related to Russian sanctions.

Gold 🥇: Sellers meet willing buyers; the precious metal shows resilience amid the risk-off environment.

Today's Focus: All eyes are on $NVDA (+0,78 %) 's earnings after the close. The market's reaction will set the tone for the rest of the week!

Where do you buy your $BTC (+1,76 %) ?

Do you keep them on the exchange or move them to a cold wallet?

These are the doubts I constantly have, and they’re what keep me from feeling confident about buying large amounts.

The recent market action leaves little room for interpretation: the correction has begun.

This shift is not the result of a single catalyst, but the culmination of technical and macro signals that have been building for weeks. Understanding these signals with clarity is essential for any investor who wants to navigate the next phase with discipline rather than emotion.

The first warning came from the major indices. $CSNDX (+0,66 %) , $SPY (+1,23 %) , and $BIWM39 have all broken through key support levels, and they have done so in unison. Historically, this alignment is not a trivial observation. When all three indices turn simultaneously, it reflects broad market weakness rather than isolated sector pressures. In previous cycles, similar patterns were followed by drawdowns ranging from 8 percent to more than 30 percent. The recent decline is only the beginning of that historical range.

Technical structures further reinforce the developing trend. The bearish crossovers appearing on the charts have a long track record of preceding extended downward moves. These patterns are not predictions; they are statistical observations repeated over years of market cycles. The more these signals align, the stronger their message.

Cryptocurrencies are also showing signs of strain. $BTC (+1,76 %) pullback from the ninety-thousand level and $ETH (+1,45 %) weakening structure indicate that digital assets are moving in tandem with traditional risk markets rather than decoupling from them. In periods of tightening liquidity and rising volatility, this correlation tends to strengthen, not fade.

A lesser-known indicator, Coreum, has shown a consistent relationship with market downturns over the past two years. Each time it spikes sharply, market declines have followed. While no single indicator should be treated as absolute, recurring correlations deserve attention, especially when they appear during periods of broader stress.

At the same time, the $VIX is beginning to rise in a manner that suggests markets may experience sharper volatility ahead. If it moves into the thirty-to-forty range, history suggests that selling pressure can accelerate quickly, creating the kind of cascade often referred to as a waterfall effect.

The underlying issue behind this vulnerability is leverage. Elevated leverage levels across the market amplify every downward move. When prices begin to fall, leveraged positions face margin pressure, triggering forced selling that compounds the initial decline. High valuations in several sectors also leave limited margin for error when sentiment shifts.

For disciplined investors, the path forward is not complicated, but it requires self-control. Raising cash by fifteen to thirty percent provides flexibility at a time when liquidity becomes a source of strength. Well-placed stop losses protect against destructive drawdowns, especially in leveraged or high-beta positions. The goal is not to abandon the market, but to preserve capital until clear opportunity re-emerges.

Market downturns are not anomalies. They are part of the natural rhythm of investing, and they serve a purpose: they reset valuations, remove excess speculation, and create the foundation for future growth. But only investors with patience, liquidity, and emotional discipline are able to benefit from what follows.

The priority now is stability. Not short-term returns. Not aggressive positioning. Stability. When the storm clears, those who preserved their capital will be in the strongest position to act.

Solid strength from $ASTER (-0,16 %) while $BTC (+1,76 %) went down from 120k to 89k.

I already had conviction before, but after seeing its behaviour during the last 2 months, fundamentally and technically it feels 100% aligned.

Holding my bag for Q1/Q2 26.