Wall Street veteran says these are some of the most unbelievable charts he has ever seen

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The Tell

Wall Street veteran says setup in these stock charts among the most unbelievable he’s seen, as Big Tech sways market

Big Tech stocks propel S&P 500 higher after midterm elections

Nov. 4, 2026, 3:41 p.m. ET

A historic divergence has split the U.S. stock market: The benchmark S&P 500 index has tumbled into deeply oversold territory even as nearly half of its constituent stocks remained decidedly overbought.

Paul Hickey, co-founder of Bespoke Investment Group, said in commentary shared with MarketWatch that the push and pull has resulted in some of the most unbelievable charts he has ever seen.

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About the Author

Christine Idzelis

Christine Idzelis is a markets reporter at MarketWatch and is based in New York.