Unwavering profit projections. Benign chart patterns. Big hedges in the options market. All the things that bulls expected to put a brake on the worst equity selloff in 30 months have just summarily failed.

First it was a rout in the stay-at-home names that surged in the pandemic. Then speculative software makers with barely any earnings went south. Now the giant technology names whose sway on benchmarks has been decried by bears for years are dragging the market down.

From a global tremor in sovereign bonds to a spike in energy costs, October lived up to its reputation as one of the most volatile months for markets. To stock bears’ chagrin, though, the tumult did nothing to halt the relentless rally in equities.

Bulls betting that a revival of the reopening trade would keep the U.S. stock market afloat had to face a hard fact on Monday: The technology giants are hard to ignore.

An enduring mystery of 2021 markets showed signs of unwinding Thursday, with divergent signals on economic growth in stocks and bonds beginning to harmonize.

If you think a rush by companies to sell their shares is a bad omen for the market, imagine a scenario where most of the sales come from firms that don’t make money.

Buying shares trading at 40 times earnings may not sound like a good deal. But that’s exactly what Maneesh Deshpande is telling clients to do.