Daily Digest
Daily Digest
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Everything Pomegra has published on SPY: 30 news articles and 4 market briefs, newest first.
Xi's White House state visit was on 24 September. The trade truce now runs to 10 January 2027, and the leaders are expected to meet again on 18–19 November.
Nov 2
S&P 500 (SPY) earnings are seen up 28.9% in Q3 as 30-year yields at 5.44% narrow the equity premium.
Sep 28
S&P 500 (SPY) retreated as Xi's state visit yielded a $30 billion goods deal but no chip or Taiwan accord.
Sep 28
Russell 2000 (IWM) beats S&P 500 by 8 points YTD as AI mega-cap rotation lifts cheap small-cap stocks.
Sep 21
The S&P 500 rose 1.3% to 7,619 and the Nasdaq gained 1.6% on Wednesday as CoreWeave earnings and Anthropic's IPO outlook revived the AI trade on Wall Street.
October CPI arrives Tuesday with inflation seen near 3.9%, and a 77% December hike probability makes it the week's key test for rate-sensitive stocks.
A stronger-than-expected October jobs report lifted the 10-year Treasury yield to about 4.86% and moved traders firmly toward a December Fed rate hike.
The 10-year Treasury yield rose to 4.87% and the dollar index gained 0.7% as strong October payrolls raised interest rate hike bets; gold fell nearly 1%.
The Cboe Volatility Index surged almost 70% to 28.18 on Thursday, its biggest one-day jump in over two years, as an AI-led selloff hit equity markets.
Nasdaq QQQ futures fell as much as 2% and S&P 500 futures 1.3% after Democrats won the House and Senate, lifting AI, data center and fiscal policy risk.
Nasdaq 100 funds such as QQQ fall into correction as markets price a 73% chance of a December Fed rate hike with the 10-year Treasury yield near 4.9%.
Okta (OKTA) joins the S&P 500 before Wednesday's open, replacing Kenvue, which Kimberly-Clark is buying for about $40B; shares rose 2.7% in premarket trading.
Stock market today: Wall Street holds its breath on midterm results as prediction markets favor a Democratic sweep and Friday's October jobs report looms.
The fed rate stays at 3.75-4.00% after a 10-2 vote, as Warsh declines to commit to a December hike that markets price at about 85% with the 10-year near 5%.
Alphabet shares fell 12.6% on Oct. 29, their worst day on record, after a search revenue miss, negative free cash flow and $51.4B in quarterly capex.
US economic growth accelerated to 3.4% in the third quarter while PCE inflation rose to 3.6%, keeping a December fed rate increase in sharp focus for markets.
Bitcoin traded near $80,100 on Oct. 29, down 1.6% in 24 hours, after the Fed held rates at 3.75%-4.00% and September inflation ran hot.
US third-quarter GDP and September PCE inflation print at 8:30 a.m. ET as the 10-year Treasury yield holds near 5% and the fed rate path hangs on the data.
Lumentum rose about 10%, Applied Optoelectronics 9% and Coherent 7% as bullish coverage and AI demand revived optical stocks ahead of November earnings.
Industrial output rose 0.7% in September and manufacturing capacity use hit 75.9%, the highest since early 2024, lifting S&P 500 futures.
Chevron (CVX) and Exxon Mobil (XOM) hit 52-week highs as U.S. and Israeli threats against Iran lifted Brent to about $111, its highest since early May.
Hot September inflation lifted October Fed rate hike odds to about 46% while Brent crude topped $107 on Gulf tensions, pushing Bitcoin and gold lower.
US consumer prices rose 0.6% in September and 3.7% from a year earlier, pushing the 10-year yield to about 5.28% and reviving bets on higher interest rates.
Cleveland Fed's Beth Hammack backed smaller, faster rate moves, keeping a December Fed rate hike in play as futures price an October hold ahead of US CPI.
FICO shares rebounded up to 9% as investors backed a 15% workforce cut, after a steep selloff on VantageScore competition in U.S. mortgage credit scoring.
IonQ (IONQ) fell more than 8% after agreeing to buy cybersecurity firm Elisity for up to $1.3 billion in stock, putting dilution in focus for shareholders.
Goldman Sachs upgraded global equities to overweight, citing earnings growth, with S&P 500 Q3 profits forecast up about 27% as the reporting season begins.
Starbucks ended days of takeover speculation on October 12, 2026, saying it is not buying Chipotle, and Chipotle shares dropped more than 4% as the deal premium came out.
The Dow rose 0.83% to 51,655 and the S&P 500 gained 0.59% to 7,811 for the week, but oil near $100 and 10-year yields above 5% keep rate-hike fears alive.
Trump told an Ohio rally that foreign firms have 18 months to build U.S. plants or face tariffs of 150-300%, days after a limited trade truce with Xi Jinping.
Webull (BULL) shares fell as much as 29% after a House China committee called its ties to Beijing a national security risk; Robinhood (HOOD) slipped 3%.
Fed September minutes land at 2pm ET as October hike odds drop below 25%, leaving the fed rate path and a possible December increase in focus for investors.
Bitcoin trades near $86,000, 32% below its $126,080 record, while the S&P 500 and Nasdaq hit all-time highs as yields and rate-hike bets drive the divergence.
The S&P 500 closed at a record 7,818.93 and the Nasdaq at 27,599.79 as falling yields and oil lifted tech ahead of next week's third-quarter bank earnings.
Pomegra