Economic Indicators - The ADP National Employment report indicated that U.S. private nonfarm payrolls increased by 42K in October, surpassing expectations of 32K [2] - The U.S. ISM services index rose to 52.4 in October, exceeding expectations of 50.7 [2] - The U.S. October S&P Global services PMI was revised down to 54.8 from a preliminary reading of 55.2 [2] Stock Market Performance - Wall Street's three main equity benchmarks closed positively, with notable gains in chip stocks such as Micron Technology (MU) up over +8% and Marvell Technology (MRVL) rising more than +6% [3] - Amgen (AMGN) surged over +7% after reporting strong Q3 results and raising its full-year guidance [3] - Lumentum Holdings (LITE) jumped more than +23% following better-than-expected FQ1 results and strong FQ2 guidance [3] - Zimmer Biomet Holdings (ZBH) fell over -15% after reporting weaker-than-expected Q3 sales, making it the top percentage loser on the S&P 500 [3] Bond Market and Interest Rates - Bond yields fell as U.S. companies announced the highest number of job cuts for any October in over two decades, leading to increased expectations for a rate cut next month [5] - U.S. rate futures indicate a 67.3% probability of a 25 basis point rate cut at December's monetary policy meeting [6] Corporate Earnings - The third-quarter corporate earnings season continues, with companies like ConocoPhillips (COP), Airbnb (ABNB), and Warner Bros Discovery (WBD) set to release results [7] - S&P 500 companies are expected to report an average +7.2% increase in quarterly earnings for Q3 compared to the previous year, marking the smallest rise in two years [7] International Market Developments - The Euro Stoxx 50 Index is down -0.09% as investors react to mixed corporate earnings and economic data [10] - Germany's industrial production rose +1.3% m/m in September, weaker than the expected +3.0% [13] - Eurozone's retail sales unexpectedly fell -0.1% m/m in September, contrasting with previous consumer sentiment [10][13] Asian Market Insights - China's Shanghai Composite Index closed up +0.97%, buoyed by optimism surrounding the nation's push for tech self-sufficiency [13] - Japan's Nikkei 225 Index also closed higher, with electronics and machinery stocks leading the gains [14] - Japan's real wages declined for the ninth consecutive month in September, complicating the Bank of Japan's policymaking [14]

US stocks edged higher before the bell on Thursday as concerns about Big Tech continued to dog markets and a Supreme Court hearing fed hopes for a shift in President Trump's aggressive tariff push. Futures on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) both moved up roughly 0.2%. Meanwhile, Dow Jones Industrial Average futures (YM=F) were little changed on the heels of a comeback for stocks that was also fueled by surprise growth in jobs. A rebound in AI-linked names on Wednesday also helped ...

US stocks stalled before the bell on Thursday as concerns about Big Tech continued to dog markets and a Supreme Court hearing fed hopes for a shift in President Trump's aggressive tariff push. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) wobbled around the flat line. Contracts on the tech-heavy Nasdaq 100 (NQ=F) were also little changed on the heels of Wednesday's comeback for major US gauges, fueled by upbeat jobs data and a revival in tech stocks. A rebound in AI-linked na ...

Qualcomm - Qualcomm shares are up 2% ahead of the earnings report and over 4% in the past month, driven by its entry into the AI data center market [1] - The core business performance is better than expected, particularly due to a nearly 90% share in the Apple iPhone 17, compared to the 70% anticipated [2] - Qualcomm's position is strengthened as competitors like Samsung are moving towards in-house solutions, and the AI data center market is seen as a significant growth driver [3] Robinhood - Robinhood shares are down about 4% this week, reflecting Bitcoin's decline, but the company is experiencing growth in its prediction market business [5] - The company is viewed as a digital proxy for trends in tokenization and has a growing number of funded accounts, currently at 27 million [5] - Despite a high valuation at 45 times earnings, Robinhood's multiple product offerings and new mortgage business are expected to drive top-line growth [6] Snap - Snap shares have decreased by 31% this year, with analysts focusing on engagement and product velocity ahead of the earnings report [6] - 72% of analysts have a hold or neutral rating on Snap, indicating a lack of confidence in the stock [7] - The company's focus on cost-cutting measures has not generated excitement, and expectations for performance are flat, leading to a cautious outlook [8] Lyft - Lyft shares are higher ahead of their results, contrasting with Uber's recent performance, which saw a 5% decline despite solid third-quarter numbers [9][10] - Lyft is perceived as having improved mobility pricing trends and potential for new partnerships, contributing to a more positive outlook compared to Uber [11] - The stock is trading at 16-17 times earnings, with a current price around $27, indicating a mixed sentiment but potential for normalization in core business trends [12]

On the trade front, China’s Customs Tariff Commission of the State Council announced on Wednesday that it will extend the suspension of a 24% tariff on some U.S. goods for another year while keeping a 10% duty in place, as part of the trade truce agreed at last month’s Trump-Xi summit. The commission also stated that it would lift tariffs of up to 15% on certain U.S. agricultural products. In addition, China will remove export controls against 15 U.S. entities and extend the suspension of such measures for ...

Market Overview - US stock futures experienced a sharp pullback, with S&P 500 futures down 1% and Nasdaq 100 futures down 1.3%, indicating investor concerns over high valuations amid quarterly earnings reports [1][3] - Wall Street is increasingly nervous about companies' performance justifying their high market valuations, with big bank CEOs warning of a potential correction ahead [2][11] Company Earnings and Reactions - Palantir's shares fell over 5% despite solid quarterly results, as analysts raised concerns about its high price-to-earnings ratio [2][15] - Uber reported strong results, but its shares slipped, suggesting investor expectations were not fully met [4] - Spotify's stock rose after reporting better-than-expected Q3 earnings, beating analyst estimates on revenue and margin [7] - ADM's stock slumped 9% after cutting its 2025 profit outlook due to weaker crush margins and delays in US biofuel policy [8] - Nvidia's stock fell over 1% following news of Microsoft providing Nvidia chips to the UAE for the first time [9] Notable Corporate Developments - Denny's shares surged nearly 50% after announcing an agreement to be taken private by a group of investors [10] - Norway's sovereign wealth fund plans to vote against Elon Musk's $1 trillion pay package, marking significant opposition from a major stakeholder in Tesla [5][6] Economic Context - Investors are closely monitoring the ongoing US government shutdown, which has reached its 35th day, delaying the release of key economic data crucial for the Federal Reserve and Wall Street [5]

Group 1 - Palantir and Robinhood are among the leading companies set to report earnings, indicating significant market interest [1] - CommScope Holding's stock is currently at $16.90, showing a slight increase of 0.36% and a notable 212% rise in August due to a deal with Amphenol [1] - Broadcom is highlighted as one of the best stocks in earnings performance, boasting a high EPS Rating of 98, which is among the highest in the chip industry [2] Group 2 - Amphenol's earnings growth has accelerated, with a 59% surge this year, positioning it as a strong player in the data center sector [4] - Amphenol's acquisition of CommScope's broadband unit for $10.5 billion is a significant move that could enhance its market position [4] - Apple is set to invest $2.5 billion in a company that produces glass, leading to a positive impact on its stock performance [4]

Group 1 - The Korea Composite Stock Price Index (Kospi) has increased by 70% year to date, significantly outperforming the S&P 500 by over 50 percentage points [3][4] - The iShares MSCI South Korea ETF (NYSEMKT: EWY), which tracks large- and mid-cap stocks in South Korea, has surged by 88% this year [3][4] - The rise in South Korea's stock market is partly attributed to advancements in AI, particularly benefiting tech stocks and chipmakers [4] Group 2 - Newly elected President Lee Jae Myung aims to eliminate the "Korea discount" by implementing new shareholder protections and lowering capital gains tax thresholds, which is attracting investor interest [5] - Foreign investors are now net buyers of Korean stocks, indicating increased confidence in the market [8]

Core Insights - The article highlights the top-performing leveraged and inverse ETFs from the previous week, showcasing significant returns driven by various market dynamics. Group 1: Top Performing ETFs - Direxion MSCI Daily South Korea Bull 3X Shares (KORU) achieved a return of 29.99% [2] - ProShares UltraShort Bitcoin ETF (SBIT) and Defiance Daily Target 2x Long OKLO ETF (OKLL) both recorded returns of 19.54% [2] - Direxion Daily Semiconductor Bull 3x Shares (SOXL) returned 17.77% [2] - GraniteShares 2x Long AMD Daily ETF (AMDL) saw a return of 16.67% [2] - MicroSectors Gold 3X Leveraged ETNs (SHNY) returned 15.67% [2] Group 2: Notable Company Performances - Advanced Micro Devices (AMD) stock surged due to a partnership with OpenAI, contributing to a 60% weekly gain for the GraniteShares 2x Long AMD Daily ETF (AMDL) [3] - Oklo Inc. (OKLO) experienced over 31% weekly gains attributed to increased demand for AI-related power and a new U.S. Air Force contract [4] - The U.S. auto industry saw a significant boost, with the MAX Auto Industry -3x Inverse Leveraged ETN (CARD) returning approximately 28.5% due to a spike in electric vehicle sales [5] Group 3: Market Dynamics - Increased market volatility was noted, driven by concerns over a potential U.S. government shutdown, rising trade tensions with China, and uncertainty regarding the Federal Reserve's actions, impacting the 2x Long VIX Futures ETF (UVIX) [6] - The FTSE China 50 Index faced declines due to renewed U.S. tariff threats, with Direxion Daily FTSE China Bear 3X Shares (YANG) returning over 24% [7] - Escalating U.S.-China trade tensions and heavy liquidations led to a crypto market crash, affecting the ProShares UltraShort Ether ETF (ETHD) with 24% weekly gains [8]

Market Overview - The market has seen a 12% increase this year and a 25-26% rise over the last two years, suggesting a potential for a correction [2][3] - A correction of 5-10% is considered healthy for the market, as it has been on a continuous upward trend [3][4] - There are concerns about "rolling bubbles" in certain sectors, indicating speculative behavior that could lead to market instability [4][5] Technology Sector - Major tech companies like Google, Meta, Apple, and Microsoft are highlighted as having substantial revenues and profitability, which provides a buffer against market fluctuations [7][8] - A potential reduction in capital expenditures by these companies, particularly in AI, could significantly impact related sectors, especially chip manufacturers [8][11] - The chip industry, previously viewed as cyclical, may face corrections if major tech firms scale back their orders due to insufficient returns on investment [9][11] Economic Indicators - Interest rates are declining, which may alleviate some stress in the market, although there are concerns about the overall valuation levels of various asset classes [14][23] - The investment community is aware of the substantial liquidity in money markets, estimated at $7 trillion, which could influence market dynamics [16] - Recent fiscal policies, including tax breaks for corporations, are expected to provide further support for public markets and could lead to an increase in IPOs [15][17] Financial Stability - The resilience of the financial system is emphasized, with comparisons to the 2008 financial crisis indicating that current conditions are not as severe [23] - There are concerns about private credit markets and potential issues arising from less stringent lending conditions, but these are not expected to be systemic [22][23] - The market has absorbed previous shocks, such as the failures of First Republic and Silicon Valley Bank, indicating a capacity to manage financial disruptions [19][20]