Chips bounced back, and futures are pointing up after the midterms. Tuesday's scorecard: $SPY rose 0.4% (S&P 500 at 7,569) and $QQQ 's Nasdaq gained 0.8% to 25,372, led by semiconductors (+2.6%). $DIA slipped 0.4% to 51,787 as Apple fell 1.9% on a weak margin outlook. Strong job openings (7.5M) pushed the 10-year yield up to about 4.95%. This morning: Dow futures +0.7%, S&P futures +0.3%, Nasdaq futures +0.3%. AMD and Super Micro are both up around 6% premarket on earnings beats. Palantir is a little lower. Oil is still near $100. Watching today: • ADP jobs and ISM Services • Earnings from Qualcomm, Arm, McDonald's, Uber and CVS • How the market digests the midterm results My October numbers are on the website now: 17 holdings, returns and margin. Link in bio. What are you watching today? Not financial advice — simply my journey in margin.
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1 Comments
Andrew Whiteside
@dumbmoneyrewired · 1h
Don’t hold your breath. 7am is when the big guys take control instead of algos. This will be red by market open
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