A Contrarian Opportunity To Consider: Latin American Equities

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What’s in Today’s Report:

  • A Contrarian Opportunity To Consider: Latin American Equities

Futures are sharply lower as Intel and Amazon earnings deepen concerns about AI spending and profitability, extending this week’s tech selloff.

Oil prices are surging as renewed Houthi attacks on Saudi oil infrastructure raise concerns about further Middle East supply disruptions.

Today’s focus will be on the Chicago PMI (E: 56.0) and the Employment Cost Index (E: 0.8%), which will help assess business activity, wage pressures, and the inflation outlook.

Finally, we have two scheduled Fed speakers, Daly (12:00 p.m. ET) and Musalem (12:30 p.m. ET), and earnings from XOM ($3.90), ABBV ($3.74), CVX ($4.78), AZN ($2.60), CL ($0.92), D ($1.20).

 

What the Fed Decision Means for Markets

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What’s in Today’s Report:

  • What the Fed Decision Means for Markets
  • Two Fed Issues to Watch Going Forward

Futures are lower, led by the Nasdaq, as Alphabet’s disappointing results renew concerns about AI spending and profitability.

Geopolitically, oil prices eased slightly on hopes for renewed U.S.-Iran peace talks, despite the IRGC’s claim that three tankers struck naval mines in the Strait of Hormuz.

Today focus will be on Jobless Claims (E: 198K), Core PCE Price Index (E: 0.3% m/m, 3.1% y/y) and Advanced Q3 GDP (E: 3.1%). Markets will need to see tame inflation to ease pressure on Treasury yields.

Finally, the Treasury will hold a 4-Week and 8-Week Bill auction at 11:30 a.m. ET and a 7-Yr Note auction at 1:00 p.m. ET. There are no Fed speakers scheduled. Notable earnings include AMZN ($2.01), LLY ($5.38), MA ($5.14), INTC ($0.28), CAT ($7.12), and SHEL ($3.54).

 

Sevens Report Technicals: Mag 7: What to Watch After Earnings

The Mag 7 have been under pressure recently, and with several major earnings reports this week, investors are facing some important questions.

In Monday’s Sevens Report Technicals, we examined all seven stocks individually, identifying which are showing technical strength, which are vulnerable, and the key price levels that could determine what happens next.

We also examined an important development beyond Big Tech: While the major indexes have struggled, buying interest in other areas of the market has been improving. Is this the beginning of a broader shift in market leadership?

Our latest Technicals issue provides the charts, analysis, and specific conclusions to help you navigate these developments.

See What I’m Watching in This Week’s Technicals Report »

 

How to Get Pre-IPO to Anthropic, Open AI & Others

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What’s in Today’s Report:

  • How to Get Pre-IPO to Anthropic, OpenAI & Others

Futures are slightly higher following a mixed night of earnings as investors look ahead to today’s Fed decision and hyperscaler earnings.

Tech earnings were mixed as memory company SK hynix (SKHY up 8% pre-open) beat while Seagate (STX down 1% pre-open) slightly underwhelmed. But, none of the results were good or bad enough to dramatically move futures.

There are four potentially market moving events today starting with the FOMC Decision (E: No change to rates) and Fed Chair Press Conference (2:30 p.m. ET). Put simply, the Fed needs to not be more hawkish than expected (so not signal an acceleration in rate hikes) otherwise the hawkish surprise will hit markets.

The third and fourth events come after the close via earnings results from hyperscalers GOOGL ($2.94) and MSFT ($4.71).  Markets will want to see strong capex (to fuel the AI data center boom) but also evidence that all this compute investment is producing its own revenue.  Those are the keys from the reports for the market.

Beyond those four events, there are additional earnings reports today and some results we’re watching include:  GEV ($4.03), NOW ($0.56), TMUS ($2.86), UBS ($0.91).

 

FOMC Preview: All About December (and Beyond)

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What’s in Today’s Report:

  • FOMC Preview: All About December (and Beyond)

Futures are little changed following a quiet night of news as investors focus on the looming potential catalysts of tomorrow’s Fed meeting and hyperscaler earnings.

Economically, the only notable report overnight was Chinese Industrial Profits which met expectations (15.5%).

There was no notable AI or geopolitical news overnight.

Today focus will be on economic data and the key report is Durable Goods (E: 1.4%), as markets will want to see continued strong business investment (which is critical to the resilient economy).  We also get a lot of housing data via Case-Shiller Home Price Index (E: -0.1%), FHFA House Price Index (E: 0.2%) and New Home Sales (E: 651K).  Finally, Consumer Confidence (E: 80.4) will also be released this morning.  With the housing and Consumer Confidence data, the stronger, the better.

Earnings season also continues and the key report today is Visa (V: $3.43) as markets will want to see strong commentary on consumer spending.  Other notable reports include KO ($0.87), NVS ($2.25), BA ($-0.21) and WM ($2.18).

 

Mid-Term Election Preview: What It Means for Markets

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What’s in Today’s Report:

  • Mid-Term Election Preview: What It Means for Markets
  • Understanding Why A Falling 10 Year Yield Hasn’t Been Positive for Stocks
  • Weekly Market Preview: A Critical Week for AI/Tech (Key Earnings Reports)
  • Weekly Economic Cheat Sheet: FOMC Decision Wednesday, Inflation Thursday

Futures are slightly higher as markets on a decline in oil prices and following a mostly quiet weekend of news.

Officials from numerous Gulf states will be in Tehran this week and that is raising some hope of diplomatic progress between the U.S. and Iran and that’s pressuring oil prices.

On tech, AI sentiment took another hit over the weekend as Elon Musk warned hundreds of neo-clouds will fail (although the warning was general and not specific).

Economically the only notable report was German Ifo Business Expectations when beat estimates (91.6 vs. (E) 90.2).

This week has a lot of potential market moving catalysts with a Fed decision, key inflation report and critical AI earnings, but those come later in the week and today there are no notable economic reports. So, geopolitical headlines and AI sentiment should drive trading today ahead of the key events later this week.

Some notable earnings today include: VZ ($1.27), WELL ($1.64), CDNS ($1.61), NUE ($5.71).

 

Monthly Bitcoin & Crypto Update (October)

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What’s in Today’s Report:

  • Monthly Bitcoin & Crypto Update (October)

Futures are lower as tech attempts to stabilize following Thursday’s selloff as AI concerns continue to weigh on sentiment.

Geopolitically, Iran threatened U.S. bases and infrastructure in the Persian Gulf if bombing resumes, sending oil higher.

Economically, European flash PMIs were mixed, with French manufacturing and services missing estimates, German services weakening, and UK PMIs beating expectations.

Today, focus will be on Flash Composite PMI (E: 57.6), Flash Manufacturing PMI (E: 55.5), Flash Services PMI (E: 58.0), and Consumer Sentiment (E: 46.3).

Finally, there are no Fed speakers scheduled. Notable earnings include AXP ($4.47), E ($1.92), SLB ($0.62), INFY ($0.21).

 

The ‘Heart’ of Earnings Season Starts Today

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SpaceX Set the Stage. Now the AI Trade Rests on Meta and Tesla.

“In many ways, the ‘heart’ of earnings season starts today, even though earnings season is almost two weeks old. I say that, because the most important stocks in the market will release results over the next two weeks,” wrote Tom Essaye at the Sevens Report.

Tech earnings face two questions, Essaye said. “Will cap-ex stay strong and does AI produce more direct revenue?”

Also, click here to view the full article published in Barron’s on October 21st, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

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Earnings Update

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What’s in Today’s Report:

  • Earnings Update
  • Credit Spread Update: Any Warning Signs?

Futures are sharply lower as renewed concerns over AI spending following Tesla and Meta earnings weigh on tech stocks.

Geopolitically, renewed Houthi attacks on Saudi energy infrastructure have sent oil prices surging as fears of broader Middle East supply disruptions escalate.

Economically, there were no notable economic data overnight.

Today, focus will be on Jobless Claims (E: 200K) and Leading Indicators (E: -0.2%). Claims near estimates should keep the labor market picture relatively steady, while a weaker-than-expected Leading Indicators reading would reinforce concerns about slowing growth.

Finally, there are no Fed speakers scheduled. Notable earnings include PG ($1.89), UNP ($3.47), WDC ($3.99), LMT ($7.49), VLO ($21.28), SPOT ($3.10), and BX ($1.26).

 

Is Economic Growth Strong Enough to Keep This Bull Market Going?

AI concerns, geopolitical tensions and higher interest rates are testing investors, but economic growth remains a critical support for this bull market.

The question is whether that support is weakening and whether persistent inflation could force the Fed to become more aggressive.

In today’s Alpha webinar at 1:30 p.m. ET, I’ll examine the latest growth indicators, inflation trends, Fed policy and what they mean for stocks.

More importantly, I’ll explore how to distinguish a normal correction in an ongoing bull market from a warning of something more serious.

Alpha subscribers also receive the webinar recording and PowerPoint slides for use in client conversations.

Learn More About Today’s Alpha Webinar →

 

Earnings Preview (What Really Matters)

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What’s in Today’s Report:

  • Earnings Preview (What Really Matters)

Futures are slightly higher on better than expected tech earnings overnight, although higher oil prices are keeping gains modest.

SpaceX (SPCX up 10% pre-open) and Super Micro (SMCI up 12% pre-open) beat earnings and are injecting some AI Enthusiasm back into the market.

Economically, UK inflation ran hot as both CPI (Core CPI up 2.8% y/y vs. (E) 2.7% y/y) beat estimates.

Today there are no notable economic reports so focus will remain on geopolitics and earnings.  Geopolitically, U.S. officials are in Russia so and “progress” on diplomacy will likely pressure oil and help boost stocks.

On earnings, the first hyperscaler reports today, META ($6.54) and other reports we’re watching include TSLA ($0.22), LRCX ($2.17), PM ($2.30), TMO ($6.40) and TXN ($2.40).

 

MOVE Index: An AI Bubble Burst Indicator to Watch

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What’s in Today’s Report:

  • MOVE Index:  An AI Bubble Burst Indicator to Watch

Futures are little changed following a mostly quiet night of news.

There were no notable geopolitical events overnight and all three conflicts (Russia/Ukraine, Iran/U.S., Saudi/Houthis) remain status quo (tensions and fighting across all three).

Economically, data in Europe ran “hot” as German PPI and the UK Labour Market Report were stronger than expected.

Today the economic calendar is quiet with Housing Starts (1.305M) and Pending Home Sales (E: 0.1%) the only notable reports (and they shouldn’t move markets).

On earnings, the season really starts to heat up today and markets will be looking for good results and optimistic guidance. Reports to watch today include: GE ($2.02), NFLX ($0.82), RTX ($1.78), ISRG ($2.13), COF ($5.45), MMM ($2.41), GM ($3.55), NOC ($7.22).