Market Volatility Rises as Bond Yields Come Under Pressure, Nvidia Fallout Weighs on Equities
While newspaper headlines are increasingly focused on the accounting of former Nvidia CEO’s alleged indiscretions, financial markets appear to be showing renewed signs of tension in bond yields, as investors await US Producer Price Index data and look for a glimmer of light (which today appears somewhat dimmer) at the end of the tunnel of the Middle East crisis.
Of course, the Nvidia affair goes far beyond our opening remarks. The latest developments are seriously threatening US-China relations and could have far-reaching implications well beyond the technology sector.
Meanwhile, market volatility is picking up, and our risk barometer remains firmly in risk-off territory. Futures point to a negative opening for both European and US markets.
Market Weather Map
November 13, 2026
US Equities
Eu Equities
Asia Equities
Commodities
Bonds
Dollar Index
Technology
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Crypto
Market Summary
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Financial markets are currently showing a neutral to moderately negative sentiment. Intermarket analysis highlights a Market Health Score of 52/100.
There are few new developments in our intermarket dashboards, other than further confirmation that market sentiment remains weak. The S&P 500/VIX ratio continues to hover around its long-term moving average, while the S&P 500/Nasdaq ratio remains stable and comfortably above both its medium- and long-term moving averages, confirming the bullish crossover.
Gold is losing momentum amid persistent inflationary pressures, which are providing support for the US dollar. Meanwhile, the Commodities/Bonds ratio is attempting to rebound from its medium-term static support zone.
As far as asset classes are concerned, the outlook remains weak for global equities, which are still trading below their medium-term moving average.
Global bonds, meanwhile, have been rejected at the resistance area around their long-term moving average and have now fallen back below their medium-term moving average, putting the recovery seen over recent weeks on hold.
The financial markets weather map highlights inflation and interest rates as the key themes driving market dynamics at present. On the one hand, they are weighing on gold, which has fallen back below the 40-point threshold; on the other, they are providing further support for the US dollar.
Equities remain in neutral territory, with Europe holding a slightly stronger position, while the technology sector is hovering close to entering the weakness zone.
Another notable development is the return of bonds below the 50-point threshold.
Global Futures – Pre-Market Sentiment
Global futures point to a moderately risk-off sentiment, with an average decline of 0.29%. US futures are slightly lower (-0.18%), European futures are also marginally negative (-0.27%), while Asian futures are down more significantly (-0.76%).
📊 Global Futures – Pre-Market Sentiment
- Taiwan: +0.48%
- CAC 40: +0.18%
- Nikkei 225: -0.01%
- Hang Seng: -1.25%
- CSI 300: -1.03%
- IBEX 35: -0.47%
Macroeconomic calendar
On the macroeconomic front, today’s agenda includes the latest estimate of third-quarter 2026 GDP growth in the Eurozone and the October update on US Producer Price Index (PPI) data.
Assets to watch
Data as of Nov 12, 2026We have split the KBMeter scores into three bands, depending on their value: Weak, Intermediate or Strong. Here you can see which bands are most at risk of changing over the next 5 days and which ones hold.
The number on the right is the share of similar past cases in which the band had changed after 5 days. The higher it is, the more likely it is to change. The arrow in the current band appears when the asset is close to the border with the neighbouring band.
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It does not say whether the price will rise or fall and it is not investment advice.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 13 November 2026 - 8:47 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.