You can watch the video here.
Stocks rose and oil and bonds fell following Israel's tempered retaliation on Iran, in which they spared oil fields. However, a number of events over the next 2 weeks could bring volatility to the markets, including a presidential election (duh), megacap earnings, a Fed meeting and a China policy meeting. On the latter, investors are still waiting for news of a second stimulus.
Boeing is doing a stock and bond offering of $19B.
About 180 companies are reporting earnings this week, including most of the Mag 7. Remember, the megacaps have a high hurdle to impress investors. Big tech has already rallied this year and while they're expected to post profits, the expansion rate will be slower, according to Bloomberg Intelligence.
Mon Oct 28: F, WM
Tues Oct 29: Alphabet, AMD, PYPL, V, PFE, SMCI, SOFI, MCD, HOOD
Wed Oct 30: META, MSFT, SBUX, ROKU, LLY, COIN, CAT
Thurs Oct 31: AAPL, AMZN, INTC, UBER, MO, MRK, ABBV
Fri Nov 1: XOM, CVX, D
For economic data, core PCE - personal consumption expenditures excluding food and energy - is forecast to show a 0.3% rise. The monthly jobs report is expected to show a slowdown in hiring, mostly due to 2 hurricanes and the Boeing strike. The forecast is 110,000 jobs added.
Next week, investors are expecting the Fed to cut rates by 25 basis points.
The Hindu festival of lights - Diwali - is on Thursday and Friday, and Daylight Saving is this weekend!
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