Hotcoin TradFi Daily Asset Report — November 2, 2026

U.S. Market: The Tech Sell-Off Moved the AI Trade Into a Return-on-Investment Test

On October 30, the S&P 500 fell 1.82%, the Dow lost 1.09%, the Nasdaq dropped 2.86% and the Russell 2000 declined 1.66%, while the VIX rose to 19.42. Technology led the retreat as investors shifted from rewarding the AI growth narrative to testing capital spending, cash flow and the timing of profit realization. The higher VIX signals stronger near-term demand for protection, but not yet an extreme-panic regime.

Hotcoin Movers: Korea and Semiconductor Products Rose as Crypto-Linked Equities Fell

At the 13:47 CST Hotcoin snapshot, KORUB gained 13.50%, while MVLLB, SOXLB and SNXXB each rose more than 5%. In perpetuals, KORUUSDT advanced 13.59% and SKUUUSDT gained 9.25%, while the inverse SKDDUSDT contract fell 8.75%. The concentration in Korea- and semiconductor-linked products highlights strong thematic volatility, while opposite-direction products reinforce the need to distinguish product structures. At Friday’s U.S. close, COIN and CRCL fell 10.76% and 9.33%, respectively, as crypto-linked equities broadly weakened.

Today’s Calendar: Manufacturing Data Sets the Macro Tone Before Palantir Earnings

The final S&P Global U.S. manufacturing PMI arrives at 09:45 ET, followed by the ISM manufacturing PMI and September construction spending at 10:00 ET. Palantir reports after the close and hosts its webcast at 17:00 ET. Stronger new orders alongside firmer prices could sustain both growth confidence and rate pressure. Palantir’s revenue growth, margins and outlook will provide a fresh test of whether premium AI valuations remain supported by operating results.