We were 62 points from all-time highs—then the calendar got real.
Oct 28 is the inflection point. Fed decision at 2pm, $MSFT and $GOOGL earnings at 4pm. One afternoon decides the next leg.
If the Fed holds and earnings deliver, 7,819 breaks fast. If the Fed disappoints or guidance cracks, the math lands us at 7,555–7,635, assuming FY27 EPS stays intact. That would be a structural dip, not a breakdown—buyable if fundamentals hold.
Too close to call ahead of time. But by end of day Oct 28, the direction will be clear. No ambiguity after that.
Oct 28 is the inflection point. Fed decision at 2pm, $MSFT and $GOOGL earnings at 4pm. One afternoon decides the next leg.
If the Fed holds and earnings deliver, 7,819 breaks fast. If the Fed disappoints or guidance cracks, the math lands us at 7,555–7,635, assuming FY27 EPS stays intact. That would be a structural dip, not a breakdown—buyable if fundamentals hold.
Too close to call ahead of time. But by end of day Oct 28, the direction will be clear. No ambiguity after that.