{"id":52805,"date":"2026-11-09T19:06:46","date_gmt":"2026-11-10T00:06:46","guid":{"rendered":"https:\/\/prefblog.com\/?p=52805"},"modified":"2026-11-09T19:06:46","modified_gmt":"2026-11-10T00:06:46","slug":"november-9-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52805","title":{"rendered":"November 9, 2026"},"content":{"rendered":"<p>Looks like the buy-on-dips crowd <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/inside-the-market\/market-news\/article-premarket-stocks-edge-up-but-nvidia-woes-pose-a-fresh-test-oil-falls\/\">hasn&#8217;t run out of money yet<\/a>!<\/p>\n<blockquote><p>Each of the 11 major S&#038;P 500 sector indexes rose on the session, with nine showing gains of more than 1% on Monday. Industrials and consumer discretionary were the top performers, rising more \u200bthan 3% each.<\/p>\n<p>Markets were in rally mode even \u200cas Nvidia, the second-most valuable company in the world, tumbled 4.2% and closed at its lowest level since April 7. Investors questioned CEO Huang\u2019s future at the AI chipmaker after an internal investigation into whether a foreign intelligence effort had targeted him.<br \/><b>&#8230;<\/b><br \/>The S&#038;P recorded its biggest daily percentage gain since April 8, while the Nasdaq marked its biggest daily advance since July 30.<\/p>\n<p>The Dow Jones Industrial Average rose 1,104.02 points, or 2.15%, to 52,389.75, the S&#038;P 500 gained 173.08 points, or 2.35%, to 7,549.94 \u200band the Nasdaq Composite gained 673.71 points, or 2.74%, to 25,253.14.<\/p><\/blockquote>\n<p>The New York Fed published the <a href=\"https:\/\/www.newyorkfed.org\/microeconomics\/sce#\/\">October Survey of Consumer Expectations<\/a>:<\/p>\n<blockquote><p><b>October Survey: Inflation Expectations Unchanged at Short-, Medium-, and Longer-Term Horizons; Labor Market Expectations Mixed<\/b><\/p>\n<ul>\n<li>Median inflation expectations were unchanged at the one-, three-, and five-year-ahead horizons at 3.9 percent, 3.3 percent, and 3.0 percent, respectively.\n<li>Mean unemployment expectations\u2014or the mean probability that the U.S. unemployment rate will be higher one year from now\u2014increased by 1.4 percentage points (ppt) to 45.3 percent, the highest reading since April 2020. The increase was driven by those without a college degree.\n<li>The mean perceived probability of losing one\u2019s job in the next twelve months increased by 0.4 ppt to 13.9 percent, remaining below its 12-month trailing average of 14.3 percent. The mean probability of leaving one\u2019s job voluntarily in the next twelve months decreased by 0.5 percentage point to 19.4 percent, remaining above the series\u2019 12-month trailing average of 18.4 percent.\n<li>The mean perceived probability of finding a job if one\u2019s current job was lost increased by 0.4 ppt to 46.5 percent, the highest level since November 2025.<\/ul>\n<\/blockquote>\n<table border='1'>\n<tr>\n<td colspan='8'><strong>HIMIPref&trade; Preferred Indices<br \/>These values reflect the December 2008 revision of the HIMIPref&trade; Indices<\/strong><br \/>Values are provisional and are finalized monthly<\/td>\n<\/tr>\n<tr>\n<td>Index<\/td>\n<td>Mean<br \/>Current<br \/>Yield<br \/>(at bid)<\/td>\n<td>Median<br \/>YTW<\/td>\n<td>Median<br \/>Average<br \/>Trading<br \/>Value<\/td>\n<td>Median<br \/>Mod Dur<br \/>(YTW)<\/td>\n<td>Issues<\/td>\n<td>Day&#8217;s Perf.<\/td>\n<td>Index Value<\/td>\n<\/tr>\n<tr>\n<td>Ratchet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1367 %<\/td>\n<td>2,760.3<\/td>\n<\/tr>\n<tr>\n<td>FixedFloater<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>0.1367 %<\/td>\n<td>5,198.1<\/td>\n<\/tr>\n<tr>\n<td>Floater<\/td>\n<td>5.61 %<\/td>\n<td>5.70 %<\/td>\n<td>44,809<\/td>\n<td>14.33<\/td>\n<td>1<\/td>\n<td>0.1367 %<\/td>\n<td>2,995.7<\/td>\n<\/tr>\n<tr>\n<td>OpRet<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1331 %<\/td>\n<td>3,611.1<\/td>\n<\/tr>\n<tr>\n<td>SplitShare<\/td>\n<td>4.91 %<\/td>\n<td>5.38 %<\/td>\n<td>52,404<\/td>\n<td>3.25<\/td>\n<td>6<\/td>\n<td>-0.1331 %<\/td>\n<td>4,312.4<\/td>\n<\/tr>\n<tr>\n<td>Interest-Bearing<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1331 %<\/td>\n<td>3,364.7<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Premium<\/td>\n<td>5.72 %<\/td>\n<td>-6.24 %<\/td>\n<td>43,348<\/td>\n<td>0.08<\/td>\n<td>1<\/td>\n<td>0.7552 %<\/td>\n<td>3,068.3<\/td>\n<\/tr>\n<tr>\n<td>Perpetual-Discount<\/td>\n<td>5.72 %<\/td>\n<td>5.81 %<\/td>\n<td>43,282<\/td>\n<td>14.17<\/td>\n<td>33<\/td>\n<td>0.1030 %<\/td>\n<td>3,292.7<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Disc<\/td>\n<td>5.71 %<\/td>\n<td>6.14 %<\/td>\n<td>88,262<\/td>\n<td>13.49<\/td>\n<td>22<\/td>\n<td>-0.1637 %<\/td>\n<td>3,349.6<\/td>\n<\/tr>\n<tr>\n<td>Insurance Straight<\/td>\n<td>5.63 %<\/td>\n<td>5.76 %<\/td>\n<td>53,668<\/td>\n<td>14.24<\/td>\n<td>20<\/td>\n<td>0.4040 %<\/td>\n<td>3,197.3<\/td>\n<\/tr>\n<tr>\n<td>FloatingReset<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1637 %<\/td>\n<td>4,089.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Prem<\/td>\n<td>6.00 %<\/td>\n<td>5.37 %<\/td>\n<td>69,712<\/td>\n<td>2.28<\/td>\n<td>28<\/td>\n<td>-0.0757 %<\/td>\n<td>2,609.5<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Bank Non<\/td>\n<td>0.00 %<\/td>\n<td>0.00 %<\/td>\n<td>0<\/td>\n<td>0.00<\/td>\n<td>0<\/td>\n<td>-0.1637 %<\/td>\n<td>3,423.9<\/td>\n<\/tr>\n<tr>\n<td>FixedReset Ins Non<\/td>\n<td>5.67 %<\/td>\n<td>5.64 %<\/td>\n<td>46,296<\/td>\n<td>14.13<\/td>\n<td>13<\/td>\n<td>-0.5135 %<\/td>\n<td>3,215.5<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Performance Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Change<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>-6.61 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 22.48<br \/>\nEvaluated at bid price : 23.18<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-5.41 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 20.10<br \/>\nEvaluated at bid price : 20.10<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>-1.64 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.P<\/td>\n<td>FixedReset Disc<\/td>\n<td>-1.55 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 21.00<br \/>\nEvaluated at bid price : 21.00<br \/>\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.N<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>-1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 23.11<br \/>\nEvaluated at bid price : 24.42<br \/>\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.P<\/td>\n<td>Insurance Straight<\/td>\n<td>1.03 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 23.17<br \/>\nEvaluated at bid price : 23.47<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>Insurance Straight<\/td>\n<td>1.10 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 20.24<br \/>\nEvaluated at bid price : 20.24<br \/>\nBid-YTW : 5.64 %<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>Insurance Straight<\/td>\n<td>1.13 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 20.61<br \/>\nEvaluated at bid price : 20.61<br \/>\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PR.T<\/td>\n<td>FixedReset Disc<\/td>\n<td>4.22 %<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 22.50<br \/>\nEvaluated at bid price : 23.45<br \/>\nBid-YTW : 6.03 %<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='4'><strong>Volume Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Shares<br \/>Traded<\/td>\n<td>Notes<\/td>\n<\/tr>\n<tr>\n<td>CU.PR.J<\/td>\n<td>Perpetual-Discount<\/td>\n<td>52,400<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 21.62<br \/>\nEvaluated at bid price : 21.62<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.N<\/td>\n<td>FixedReset Disc<\/td>\n<td>32,000<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2032-01-01<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n<tr>\n<td>TD.PF.I<\/td>\n<td>FixedReset Prem<\/td>\n<td>26,600<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-10-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.60<br \/>\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.G<\/td>\n<td>FixedReset Prem<\/td>\n<td>17,100<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2028-11-16<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.86<br \/>\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n<tr>\n<td colspan='4'>There were 0 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n<table border='1'>\n<tr>\n<td colspan='3'><strong>Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan='3'>See <a href='https:\/\/prefblog.com\/?p=13456'>TMX DataLinx: &#8216;Last&#8217; != &#8216;Close&#8217;<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>Quote Data and Yield Notes<\/td>\n<\/tr>\n<tr>\n<td>MFC.PR.F<\/td>\n<td>FixedReset Ins Non<\/td>\n<td>Quote: 20.10 &#8211; 21.40<br \/>\nSpot Rate  :  1.3000<br \/>\nAverage  :  0.8504<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 20.10<br \/>\nEvaluated at bid price : 20.10<br \/>\nBid-YTW : 6.00 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 20.66 &#8211; 21.80<br \/>\nSpot Rate  :  1.1400<br \/>\nAverage  :  0.7089<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 20.66<br \/>\nEvaluated at bid price : 20.66<br \/>\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.F<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 22.71 &#8211; 23.65<br \/>\nSpot Rate  :  0.9400<br \/>\nAverage  :  0.5502<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 22.45<br \/>\nEvaluated at bid price : 22.71<br \/>\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.G<\/td>\n<td>FixedReset Disc<\/td>\n<td>Quote: 23.18 &#8211; 24.97<br \/>\nSpot Rate  :  1.7900<br \/>\nAverage  :  1.4248<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 22.48<br \/>\nEvaluated at bid price : 23.18<br \/>\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.G<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Quote: 24.00 &#8211; 24.86<br \/>\nSpot Rate  :  0.8600<br \/>\nAverage  :  0.5006<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2056-11-09<br \/>\nMaturity Price  : 23.69<br \/>\nEvaluated at bid price : 24.00<br \/>\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n<tr>\n<td>BN.PF.J<\/td>\n<td>FixedReset Prem<\/td>\n<td>Quote: 25.40 &#8211; 26.19<br \/>\nSpot Rate  :  0.7900<br \/>\nAverage  :  0.4858<\/p>\n<p>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2027-12-31<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.40<br \/>\nBid-YTW : 5.42 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Looks like the buy-on-dips crowd hasn&#8217;t run out of money yet! Each of the 11 major S&#038;P 500 sector indexes rose on the session, with nine showing gains of more than 1% on Monday. Industrials &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52805","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52805"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52805\/revisions"}],"predecessor-version":[{"id":52806,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52805\/revisions\/52806"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}