The Maley Report

The Maley Report

Before the Open

A Fragile Market Faces Three Major Tests in November

Nov 02, 2026
∙ Paid

Some people mentioned that they did not get it today, so I’m resending it this afternoon.

  • Lower oil prices are providing some relief this morning amid hopes for renewed diplomacy with Iran…but geopolitical uncertainty and the midterm elections could/should keep volatility elevated.

  • Worsening credit-market stress…and growing doubts about AI investment returns…will likely matter MUCH more than historical patterns in determining the market’s direction going forward.

  • Apple (AAPL) continues to offer a relative safe haven, but at least some near-term caution is warranted…even if they report strong earnings/guidance.

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