Dylan Cooper

Markets are focusing on today’s October nonfarm payrolls report (to be released at 8:30 a.m. ET) Investors are awaiting the U.S. Department of Labor’s October jobs report. Earlier, ADP data showed that private-sector employment increased by approximately 86,000 in October.

Focus shifts today to weekly jobless claims, Challenger layoffs, and after-hours reports from Airbnb and Cloudflare. Friday’s jobs number is the larger macro print. Rate-hike odds for December remain elevated in the background. #Earnings #Fed #Nasdaq

Midterm results are largely in. Focus moves to AMD’s full reaction, any remaining election headlines, and the jobs report later this week. Rate-hike odds for December are still elevated in the background. #Earnings #Fed

AAPL reported $114.5B revenue (+12%) and $2.10 EPS, both ahead of consensus. iPhone and Services hit records. December-quarter revenue guide of 7–10% and gross-margin outlook of 45–46% (memory-cost pressure) disappointed. Shares fell ~3–4% after hours. #AAPL #Earnings

The rate path is background for now. The Fed held at 3.75–4%. Markets still lean toward a December hike. For the AI complex the cash-flow path from the prints matters more than the next 25 basis points. #Rates #Fed

Futures turned lower overnight. Nasdaq 100 futures –1.1%. S&P futures –0.4%. Dow futures slightly green. Alphabet’s miss is the weight. The open will show how much of the AI bid survives the cash-flow print. #Futures #QQQ

Oil is secondary but not gone. Brent is holding near $111–115 after last week’s spike. Geopolitical headlines still move the barrel, but the AI complex and the Fed are setting the tone for now. #Oil #Brent

Oil is no longer the dominant input. Brent is holding near $110–116 after last week’s spike. The geopolitical premium remains, but the barrel is no longer driving every open. The AI complex and the Fed are setting the tone for now. #Oil #Brent

Verizon reports before the open. It is not an AI name, but the telecom group was pressured last week by SpaceX wireless headlines. A clean print and guidance would be a small positive for the communication services sector. #VZ #Earnings

The week’s damage was concentrated. Nasdaq −0.71% for the week. S&P −0.47%. Dow +0.41%. Thursday’s AI selloff did the real work. Friday only added a light finish. The index is still digesting Meta and Tesla’s spend stories. #Nasdaq #Weekly

Earnings season is still open. Western Digital and others reported after Thursday’s close. More prints land today. The AI names already spoke and the market sold the spend. Non-tech guidance will show whether the multiple pressure stays contained. #Earnings #WDC

Monday’s bounce was real; Tuesday’s open is the test. Dip buyers showed up yesterday. Credit headlines arrived overnight. If open holds and Netflix clears, rebound stays alive. #QQQ #Stocks

Rotation last week was real; the question is duration. Defensives held up while AI was liquidated. Monday’s open is the first vote on whether money rotates back. #Rotation #Stocks

Oil is still the background noise. Brent around $105. Middle East risk and supply headlines remain in the file. Energy keeps inflation data sticky.

The semiconductor ETF is on a sixth-day slide. The SOX fell 4.3% on Wednesday and is down more than 10% over six sessions. The financing cost of the build-out is the new variable.

The longest calm streak is the one that is ending. The S&P has gone 53 sessions without a 1% decline, the longest stretch since January 2020. Calm is a position. It is not a forecast. #SPX #Volatility

Two tapes are trading. One is the bank print: margins, trading, and whether the 30% earnings number holds. The other is the chip multiple: Chinese competition, Broadcom’s casino line, and a sixth day of losses. #QQQ #Stocks

Columbus Day splits the market. NYSE and Nasdaq open regular hours. Cash Treasuries closed. Corporate and municipal bonds closed. Equity can trade. The long end cannot. #Bonds #Liquidity

Oil settled the day, not the risk. Brent finished near $104 after trading both sides of Trump’s “no strikes before the midterms” line. WTI around $92. The barrel is still the inflation input that forced the September hike. #Oil #Brent

OpenAI gave the tape two numbers in one day. The deck: annualized revenue $50 billion at the end of September, not the $68–70 billion that had been circulating. Bloomberg later: still expects to reach or beat $70 billion by year-end. #OpenAI #AI