Tech Sector Rotation
Tech stocks are seeing massive volume inflows, particularly in the New York session. Traders are aggressively bidding up leaders as the broader market sentiment shifts firmly to risk-on.
Market read, 4 November 2026
risk-on Published 21:55 UTCOn 4 November 2026 135 of the 228 instruments Kinzan measured closed the 24 hours higher and 88 lower, with the risk dial at 84 of 100 (risk-on). Of the instruments Kinzan tracks, AppLovin led at +10.69% and Volatility Index trailed at −20.26%.
Risk-on sentiment holds firm as the VIX craters, driving massive inflows into tech and crypto while energy commodities suffer a heavy New York liquidation.
The risk-on trend is cementing, with New York session volume now aggressively rotating out of energy into tech.
The day's movers, and what happened next
"Since" is close-to-close from this day to the latest daily close
| Instrument | That day | Surprise | Since |
|---|---|---|---|
| AppLovin APP | +10.69% | +2.9σ | +43.96% |
| Riot Platforms RIOT | +9.63% | +1.4σ | +8.72% |
| Injective INJ | +9.09% | +2.0σ | +3.94% |
| Palladium PALL | +7.65% | +4.4σ | +1.43% |
| Microsoft MSFT | +6.68% | +4.4σ | −4.53% |
| Volatility Index VIX | −20.26% | −2.6σ | +54.36% |
| Brent Crude Oil BRENT | −8.37% | −2.6σ | +3.91% |
| WTI Crude Oil WTI | −8.04% | −2.8σ | +3.08% |
| Marvell Technology MRVL | −7.08% | −1.3σ | −11.64% |
| Heating Oil HEATOIL | −7.03% | −2.3σ | +3.00% |
Trending that day
On the board because they moved — not instruments Kinzan tracks, so no surprise figure and no page
- Ohmyhome LimitedOMH +434.18%
- Kyndryl Holdings, Inc.KD +30.14%
- Duolingo, Inc.DUOL +25.99%
- Amdocs LimitedDOX −30.07%
- Everus Construction Group, Inc.ECG −29.29%
- Trump Media & Technology Group DJT −24.54%
Themes in play
Energy Market Liquidation
Energy commodities are suffering a brutal sell-off, with New York traders dumping positions. This is a clear reversal of previous trends as capital rotates into higher-growth tech assets.
Volatility Collapse
The VIX has plunged, signaling that traders have abandoned hedging and are fully embracing the current bull run. This lack of fear is the primary engine behind the current risk-on environment.
Crypto-Linked Rally
Crypto assets and related stocks are catching a significant bid. With Ethereum leading the charge, traders are using these assets as high-beta plays to capitalize on the improved market mood.
Anomalous Stock Spikes
Several stocks are seeing massive, unexplained volume spikes in the New York session. These moves are driving prices to the top of their ranges, suggesting localized institutional accumulation or news-driven breakouts.