Monday morning, and the scoreboard splits clean in two. On the winning side: the futures. At 5:10 a.m. Eastern, Dow futures were up 376 points, about 0.73%, S&P 500 futures up 0.40%, Nasdaq-100 futures up 0.21% — bargain hunters buying last week's bruising, when the S&P lost 2.7% and the Nasdaq slid into correction. On the wreckage side, three names did the damage. Nvidia fell about 5% before the bell, against the tape. Bitcoin slipped under $74,000 over the weekend. And oil kept sliding, Brent down about 3.6% to near $94.80 a barrel, WTI down about 3.1% to near $88.05. Winners bought the bounce. The wreckage had names.
Biggest wreck first: Nvidia, and this one is not about chips. Nvidia's board has opened an independent investigation into whether CEO Jensen Huang was the target of a foreign intelligence effort. The New York Times reported last month that Huang had a relationship with Alice Huang — no relation — a former executive at Singapore-based Megaspeed, a Nvidia customer that U.S. authorities have investigated over suspicions it helped Beijing get access to Nvidia's advanced AI chips, the ones barred from shipment to China. U.S. authorities concluded she was a Chinese intelligence asset, per the Times; Reuters says it could not independently verify those claims. On Sunday, Huang told employees he had been unfaithful to his wife and took responsibility. Nvidia says its board has "no reason to believe" U.S. national security or company secrets were affected, an independent committee of directors with outside counsel will run the review, and Huang — who built a $420 billion company in late 2022 into a $4.5 trillion one as of November 6 — stays in charge and is cooperating. The rest of the chip shelf barely flinched: Intel, Marvell and Qualcomm were down only half a percent to 1.2% premarket. This is a one-company story about the one man the whole AI trade is priced on, and his next real test was already on the calendar: Nvidia earnings on November 17.
Second wreck: crypto spent the weekend going down the stairs. Bitcoin traded near $75,700 on Saturday, then late Sunday it broke under $74,000 and touched about $73,708 — its lowest level since August — before recovering to about $74,856 this morning, down 1.4% on the day. Ethereum fell harder, down 5.2% to about $2,122, and the total crypto market sits near $2.49 trillion with Bitcoin holding 60.2% of it. The Fear & Greed Index ticked up one point to 29 — still Fear, just fear with slightly better posture. The coverage pins the slide on the same three weights: post-midterm regulatory uncertainty, last week's $1.28 billion Bitcoin ETF outflow, and the still-unresolved fallout from the October 29 Binance hack. Nothing new broke this weekend. The floor just kept giving.
Third wreck: oil, still falling out of last week's collapse — the steepest weekly drop since the start of COVID. President Trump told CNN that further U.S. strikes on Iran are highly unlikely if the two countries reach a strong agreement, and every headline like that takes another slice out of the war premium. Price says peace, same as Friday. The barrels have not signed anything.
The earnings desk
And this morning it belongs to the winners. Three beats before the bell. Constellation Energy earned $5.06 a share adjusted, against about $3.89 expected — a beat of roughly 30% — on revenue up 45% to $9.55 billion, and it raised its full-year forecast to $12.50 to $12.80 a share, from $11.50 to $12.50. Its nuclear fleet ran at 97.2% of capacity, it signed a new 20-year deal to supply 270 megawatts starting in 2028, and the stock rose 2.6% premarket to $256.50. NRG Energy beat bigger on percentage: $4.68 a share against $3.35 expected, revenue $9.47 billion against $8.42 billion expected. And KKR posted record profit: adjusted earnings of $1.78 a share against about $1.59 expected, fee-related earnings up 27% to a record $1.3 billion, assets under management up 11% to $804 billion — with one honest wrinkle, GAAP revenue fell to $4.56 billion from $5.53 billion a year earlier. After the close today: Take-Two, expected at about 97 cents a share adjusted with net bookings guided at $1.62 to $1.67 billion, and judged on almost none of it — the print that matters is whether management reaffirms the $8.0 to $8.2 billion full-year bookings range and the November 19 launch date for Grand Theft Auto VI, ten days out, with pre-orders already estimated at about $750 million. Also after the close: Occidental Petroleum, expected at about $1.45 to $1.47 a share, Rocket Lab, and crypto miner Marathon Digital, expected to lose about 23 cents a share. One line hanging over all of it: Tuesday's October CPI is the week's real test, and a soft futures bounce does not get to skip it.
The oversold corner
The screen ran this morning on 127 assets — large caps, midcaps, microcaps, and the top cryptos, from Yahoo Finance and Coinbase daily closes — and 27 meet all three tests: RSI at or below 35, MACD bearish, price under the 90-day average. Monday honesty: stocks have not traded since Friday, so the stock rows are Friday's closes — what changed is crypto joined the list. Fortinet still leads at $118.84, RSI 23.1, 27.5% below its 90-day average — the profitable cybersecurity heavyweight that kept falling while chips bounced, because the selling rotated into software and security. Intel is second at $56.28, RSI 25.7, 42.8% below, still in the hole its earnings collapse dug. Marvell is third at $141.20, RSI 26.2, 37.6% below — an AI-chip name more than a third under its own average, and this morning's Nvidia news will not help the shelf it sits on. Opendoor is fourth at $1.40, RSI 26.8, the deepest hole here at 54.9% below — a thin housing name with mortgage rates above 7% and a possible December rate hike in front of it. And the new face: XRP at $1.10, RSI 27.1, 17.8% below its 90-day average, dragged down by the weekend crypto slide and the hack overhang — about 233 million XRP was among what left Binance on October 29. Oversold is a description, not a buy idea.
The BogusAPY angle
Two hooks. First, the Binance count got an update: Elliptic's latest tally, published this weekend, puts about $2.85 billion of the stolen crypto frozen or seized — Tether froze about $1.77 billion of USDT, Circle about $825 million of USDC — while roughly $3.13 billion still sits in addresses linked to the attack, spread across more than 20,000 wallets. That is the custody side of the yield question nobody puts on the landing page: an exchange can advertise a clean APY on your coins while $3.13 billion of somebody's coins are still sitting in a thief's wallets. Where does the yield come from matters. Where the coins actually sit matters just as much. Second hook, the opposite direction: Constellation just beat by 30% and raised its year on power that is literally contracted — a nuclear fleet running at 97.2% of capacity and 20-year supply deals you can read in the release. No advertised APY, no mystery payer. When a yield pitch cannot show you a contract like that, you have your answer about where the yield comes from: probably you.
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Sources: Reuters, November 9, 2026 (U.S. futures at 5:10 a.m. ET: Dow E-minis +376 points, +0.73%; S&P 500 E-minis +0.40%; Nasdaq-100 E-minis +0.21%; Nvidia down 4.5% premarket, deepening to about 5% in later premarket reads; Intel, Marvell and Qualcomm down 0.5% to 1.21%); Reuters explainer, November 9 (Nvidia board probe: independent committee of directors with outside counsel; Jensen Huang's Sunday message to employees; New York Times reporting on Alice Huang and Megaspeed, which Reuters could not independently verify; Nvidia statement of "no reason to believe" national security or company secrets were affected; Nvidia market value $4.5 trillion as of November 6, up from $420 billion in late 2022; Nvidia earnings November 17 per eToro via Reuters reactions); CoinDesk reporting via CoinTurk, KuCoin and CoinPaper, November 9 (Bitcoin low of about $73,708 late Sunday, lowest since August, after trading near $75,700 Saturday; Ethereum toward $2,120); CoinGecko snapshot, November 9, about 13:00 UTC (BTC $74,856, −1.4% in 24 hours; ETH $2,121.71, −5.2%; total crypto market cap about $2.49 trillion; Bitcoin dominance 60.2%); alternative.me Crypto Fear & Greed Index, November 9 (29, Fear; 28 on November 8); Cornerstone Futures morning highlights, November 9, 6:45 a.m. ET, corroborated by Samuel & Co. premarket brief (Brent January futures $94.82, −3.6%; WTI December futures $88.05, −3.1%); Reuters via Angel One and Traders Union, November 9 (Trump told CNN further strikes on Iran are highly unlikely if a strong agreement is reached; Brent's weekly fall last week was its steepest since the start of COVID); Constellation Energy Q3 2026 release, November 9 (adjusted EPS $5.06 vs $3.89–$3.99 consensus by provider, up from $3.04 a year earlier; revenue $9.55 billion, +45%; full-year guidance raised to $12.50–$12.80 from $11.50–$12.50; nuclear fleet capacity factor 97.2%; new 20-year 270 MW Peak+ agreement from 2028; shares +2.6% premarket to $256.50 from Friday's $249.95 close); MarketBeat via FiscalAI, November 9 (NRG Energy EPS $4.68 vs $3.35 consensus; revenue $9.47 billion vs $8.42 billion expected); Reuters and WSJ, November 9 (KKR adjusted EPS $1.78 vs $1.59 LSEG / $1.58 FactSet; adjusted net income +29% to about $1.6 billion; fee-related earnings +27% to a record $1.3 billion; AUM $804 billion, +11%; GAAP net income $1.12 billion, $1.19 a share; GAAP revenue $4.56 billion vs $5.53 billion a year earlier); Koyfin via Stocktwits and company guidance via TechTimes, November 9 (Take-Two fiscal Q2 after the close: adjusted EPS consensus about $0.97; company net bookings guidance $1.62–$1.67 billion; fiscal 2027 net bookings guidance $8.0–$8.2 billion; Grand Theft Auto VI launch November 19; Sensor Tower November 3 estimate of about $750 million in pre-orders); earnings calendars via Nexqual, Saxo and TipRanks (Occidental Petroleum after the close, consensus $1.45–$1.47; Rocket Lab and Marathon Digital, consensus about −$0.23, after the close); Elliptic laundering update via ComplyAdvantage, published November 9 (about $2.85 billion frozen or seized as of November 7 — Tether about $1.77 billion USDT, Circle about $825 million USDC; about $3.13 billion remaining in attacker-linked addresses; more than 20,000 wallets across 16 blockchains; about 233.5 million XRP among the October 29 outflows per Bitquery via CCN); Yahoo Finance and Coinbase Exchange (oversold screener, 127 assets, computed November 9, 2026; 27 flagged, top five listed in the post). Not financial advice.
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