Fed and Earnings. What to watch.

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Markets rallied overnight on the hope of a US/China trade deal.

SOFR eased, and the Fed’s Standing Repo Facility saw zero demand, signaling that fear in the banking system has largely subsided.

This is a massive week for earnings — Microsoft, Meta, and Alphabet all report just two hours after the Fed’s rate decision.

Do NOT chase the hype you see on social media. You are too late to names like IREN, APLD, ASTS, USAR, MP. We wrote about most of these in 2024 (+200% ago).

Gold is topping and will rotate into Bitcoin.

October is the best seasonal window for most sectors

S&P: % of stocks above the 200ma shows no signs of deterioration

Stay focused. REAL FLOWS are entering AMD.

This is blow-off top volume in Gold and Silver.

Meta will continue higher.

Star 50 Index is the best way to play China or EM on this “trade deal” news.

Tesla will continue higher.

EOSE is the only “retail” stock that still has a good pitch.

Japan is on a tear and will continue higher.

Johnson Controls is ready to hit all time highs today.

Last week we highlighted the relative outperformance of Coherent. Now at all time highs.

China is essentially 6 months behind our leading frontier LLMs. The gap will close even more over time.