IBM(US:IBM) Di Yi Cai Jing·2025-10-26 02:14Group 1 - The core focus for the upcoming week includes the Federal Reserve's decision, earnings reports from major tech stocks, and the APEC summit, which may present both opportunities and challenges for the US stock market [1] - The S&P 500 index has reached a historic high of 6800 points, recovering losses from earlier in the month due to improved market sentiment driven by lower inflation pressures and positive corporate earnings [1][6] - The market is currently pricing in expectations for two more 25 basis point rate cuts this year, with additional cuts anticipated in 2026, reflecting a stable outlook for potential monetary easing [5] Group 2 - The US Consumer Price Index (CPI) for September rose by 0.3% month-over-month, lower than the previous month's 0.4%, while the year-over-year increase rose from 2.9% to 3%, but still below Wall Street's expectation of 3.1% [3] - Core CPI, excluding volatile food and energy prices, saw a month-over-month increase of 0.2%, down from 0.3% in August, and a year-over-year increase of 3%, also better than market expectations [3] - The Michigan Consumer Sentiment Index fell to 53.6 in October, marking the third consecutive month of decline, indicating ongoing consumer concerns about inflation and high prices [3] Group 3 - The S&P Global Purchasing Managers' Index (PMI) preview indicates growth in both manufacturing and services sectors in October, contributing to the fastest expansion in private sector output in three months [4] - The Atlanta Fed's GDPNow model forecasts a robust economic growth rate of 3.9% for the current quarter, despite the ongoing government shutdown [4] - The market's risk appetite has increased, with investors net buying $9.65 billion in US stock funds over the past week, signaling renewed interest in risk assets ahead of the APEC meeting [6] Group 4 - Major tech companies' Q3 earnings reports are anticipated to be crucial, particularly regarding their AI-related capital expenditure plans, which are expected to significantly impact stock performance and market trends [7] - The market remains optimistic despite the government shutdown, with expectations that the Federal Reserve will maintain a dovish stance and implement further rate cuts [7][8] - The Chicago Board Options Exchange's Volatility Index (VIX) is currently at a relatively low level of 16, indicating a bullish sentiment in the market, although high expectations for upcoming events could lead to increased volatility if outcomes differ from predictions [8]