☀️ Market Morning Brief 10-28
Overnight:
① Israeli election exit polls: Likud remains the largest party, but neither major bloc has secured 61 seats. Counting of special ballots could drag on until Thursday
② Visa and Robinhood reported after the close: Visa raised its dividend; Robinhood posted record revenue, but crypto revenue was cut in half year over year
③ A mixed bag of premarket earnings: Coca-Cola raised its full-year outlook for the third time; Boeing’s loss was wider than expected, but revenue beat expectations; PayPal’s revenue fell short, while its profit outlook was raised
④ Consumer confidence rebounded in October, but willingness to spend over the next six months weakened. Durable goods orders grew in September, while new-home sales fell
⑤ Spot Bitcoin ETFs saw net inflows of about $110 million on Monday, reversing roughly $770 million in outflows over the prior two days. But they remain in net outflow territory for October, and Ether ETFs continued to see outflows on Monday
Today’s highlights:
① The Fed announces its rate decision in the early hours. Markets expect no change; the key focus is any signal on whether rates will be raised in December
② Microsoft and Google parent Alphabet report in the early hours. Cloud growth and the returns on AI spending are the same questions for both
③ Counting in Israel’s election continues today. The key question in a hung parliament is who will form the government
With the Fed decision coinciding with Microsoft and Google’s earnings, which one are you staying up to watch?
$MSFT
$HOOD
$BTC
Overnight:
① Israeli election exit polls: Likud remains the largest party, but neither major bloc has secured 61 seats. Counting of special ballots could drag on until Thursday
② Visa and Robinhood reported after the close: Visa raised its dividend; Robinhood posted record revenue, but crypto revenue was cut in half year over year
③ A mixed bag of premarket earnings: Coca-Cola raised its full-year outlook for the third time; Boeing’s loss was wider than expected, but revenue beat expectations; PayPal’s revenue fell short, while its profit outlook was raised
④ Consumer confidence rebounded in October, but willingness to spend over the next six months weakened. Durable goods orders grew in September, while new-home sales fell
⑤ Spot Bitcoin ETFs saw net inflows of about $110 million on Monday, reversing roughly $770 million in outflows over the prior two days. But they remain in net outflow territory for October, and Ether ETFs continued to see outflows on Monday
Today’s highlights:
① The Fed announces its rate decision in the early hours. Markets expect no change; the key focus is any signal on whether rates will be raised in December
② Microsoft and Google parent Alphabet report in the early hours. Cloud growth and the returns on AI spending are the same questions for both
③ Counting in Israel’s election continues today. The key question in a hung parliament is who will form the government
With the Fed decision coinciding with Microsoft and Google’s earnings, which one are you staying up to watch?
$MSFT
$HOOD
$BTC