$NVDA, $AAPL and $MSFT, the three largest stocks in the world, are all on ByteTrend scores of 5 again. This measures their long-term trend relative to the world index $ACWI, ranked from 0 to 5. $META went the other way yesterday, falling from 4 to 2.

$GOOGL hit a fresh 30-week relative low (vs world stocks $ACWI) on Monday. ByteTrend score: 5 in early August, 2 now. $NFLX (chart shown) and $UBER are also at lows, on 1.

Following a period of severe weakness in 2024, Brazil $EWZ had rebuilt momentum in late-2025. More recently, it had held a solid weekly CAPR (relative) trend score of 4 since the first round of voting. The shock Lula win has sent it straight back to 0.

Overnight ByteTrend score moves: $NVDA and $MSFT both up to a 5 on Weekly CAPR. $TSLA jumps 0→2. $META slides 4→2. Top 10 new 5s today:

$GOOGL has broken down, relative to the world index. It has now underperformed the world index since November 2025, falling from a weekly trend score of 5 to 2 in the process. The short term trend is broken, but the long-term one remains intact for now...

Market Breadth Is Rebounding A month ago, 48% of stocks had a short-term (daily) relative trend (CAPR) score of 0. Half of stocks were strongly underperforming the world index. Today, that has fallen to 29%, as weak stocks have rebounded, enjoying renewed attention as the AI trade falters. Breadth was at its most extreme level since the 2008 Financial Crisis in September. A good reminder to always be short extremity.

A $1.5 trillion company just hit a 30-week relative low. $AVGO isn't alone. $CAT $GE $C $KLAC $ETN $BHP are all on the list. 250 names. 130 in Bear. Industrials lead the exodus.

A map of global momentum ⬇️. Which are the strongest regions and sectors in the world? This table shows you - using the average relative (CAPR) trend score for each cross, from US Technology to LatAm Utilities to Middle Eastern Real Estate.

250 stocks just hit 30-week relative lows. 130 are already in Bear. The biggest names on the list: $AVGO $1.53T $CAT $316B $GE $296B $C $222B $BHP $197B $KLAC $191B Industrials (65) and materials (52) are bleeding hardest.

The AI infrastructure trade is cracking. 250 stocks just hit 30-week relative lows, led by Broadcom $AVGO at $1.5T. Look who's with it: $KLAC $ETN $CAT $GE, Schneider, ABB. Picks and shovels for data centres and the grid. Even Hermès is now in Bear.