Hong Kong financial summit from 3 to 5 Nov.; Goldman’s Solomon, Morgan Stanley’s Ted and BlackRock’s Larry and Citadel’s Griffin will speak
U.S. Gov shutdown enters its 34th day (On Track to be longest in history)
Saylor expected announce another BTC purchase
U.S. ISM Manufacturing PMI
Palantir Earnings
Tue:
U.S. court will hear arguments for Sam Bankman-Fried’s appeal (a new trial or reversal of conviction) at 10am ET; If the panel of judges gets deeply involved with the hearing that may be a sign that it is considering whether to order a new trial OR if hearing is short & quick means court affirming the conviction
U.S, JOLTs Job Openings
Monad timeline/Tokenomics something expected ?
Fed’s Bowman speaks
AMD, Super Micro Earnings
Wed:
U.S. Treasury quarterly refunding: Treasury likely keeping guidance unchanged.
U.S. October ADP employment report, ISM Services PMI
US Supreme Court hears arguments on the legality of about 60% of Trump’s tariffs (IEEPA)
Robinhood, arm, qualcomm earnings
Thu:
Tesla shareholders will vote on Musk’s $1 Trillion pay package
Samourai Wallet devs Sentencing 11am ET
Fri: China Gold Reserves this week
Sat:
TBA/Whole Week: Worldwide October services and PMIs, U.S. Gov data expected to be delayed due to the shutdown, All eyes will also be on whether U.S. lawmakers can agree to end the shutdown, & Investors will be looking for any evidence of weakness in the labor market or evidence that inflation is slowing to increase December rate cut odds which has dropped to 50% from 99% after powell’s presser.
What Happened:
Securitize Aims for Public Listing Via SPAC Deal at $1.25b Valuation
MegaETH’s public token sale oversubscribed by 27.8x
Mastercard poised to acquire crypto startup Zerohash for nearly $2 billion, sources say
MetaMask maker Consensys picks banks for IPO
DRW Leads Talks to Raise $500 Million for Canton Token Treasury
IBM Launches Digital Assets Platform
Citi Taps Coinbase to Explore Stablecoin Payments for Clients
Galaxy Digital Sinks After $1 Billion Exchangeable Bond Offer
Polymarket Plans to Return to US Within Weeks With Sports Focus
Tether reported that it has generated profits of over $10 billion during the first three quarters of this year.
Balancer Hit by $110 Million Exploit; Berachain validators purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX.
Apparently, if you ask sama how his $13 billion money-losing for profit not-for-profit can support $1.4 TRILLION of spend commitments, he gets very defensive and starts to attack non-existent short sellers. MSFT CEO says “the biggest issue we are now having is not a compute glut, but it’s a power. And it’s sort of the ability to get the builds done fast enough, close to power. So if you can’t do that, you may actually have a bunch of chips sitting in inventory that I can’t plug in. And in fact, that is my problem today, right? It’s not a supply issue of chips. It’s actually the fact that I don’t have warm shells to plug into”.
Global Crude Supplies at Sea Hit Fresh Record despite the threat of sanctions
Trader Bets $21 Million on a 30% S&P 500 Rally By December 2026, The trader spent $20.9 million in premium Tuesday afternoon on call options wagering on the gauge’s rally above 9,000 by December 2026. That kind of rally would dwarf this year’s 17% gain so far.
Kraft Heinz CEO Warns of Worst Consumer Sentiment in Decades
Data Center & Mag 7 Boom
Oracle Bond Risk Jumps on Concerns Over AI Spending Spree
Dollar Rallies to Highest Since August on Fed Hawkishness
Berkshire’s Cash Pile Hits A Record $382 Billion Amid Continued Stock Sales As T-Bill Purchases Soar, for the 12th straight quarter, Berkshire sold more stocks than it bought
S&P 500 Sees Longest Streak Above 50-DMA Since 2011, In 2011, the S&P 500 stayed above its 50-DMA for 130 trading days amid a major debt ceiling battle. If the current 125-session stretch holds through next Wednesday, it will become the second-longest streak this century behind February 2007, which ran for 149 sessions. Before that, the index notched a streak of 257 trading days from January 1995 to January 1996 as the dot-com bubble began — its longest in history, based on Bloomberg data going back to 1928.
S&P 500 currently trades 13% above its tong-term 200-DMA, That wide of a spread has historically pointed to a selloff, which happened in 2011, 2018 and 2021, Bloomberg data show. BUT Also Over the past three decades, the S&P 500 has averaged a gain of roughly 2.5% in November, the strongest month for stocks on average, when compared with a 0.6% rise in the other 11 months, according to data compiled by Bloomberg.
Charts:
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Tuesday's AMD earnings timing looks critical given the datacenter compute narrative you highlighted with MSFT's comment about having chips sitting in inventory waiting for power infrastructure. The spread between AMD's MI300 ramp expectations and actual hyperscaler deployment capacity could be the real tell for wheter we're seeing demand saturation or just a temporary infrastructure bottleneck. Super Micro reporting same day adds another layer since their guidance often foreshadows broader server demand trends.
Tuesday's AMD earnings timing looks critical given the datacenter compute narrative you highlighted with MSFT's comment about having chips sitting in inventory waiting for power infrastructure. The spread between AMD's MI300 ramp expectations and actual hyperscaler deployment capacity could be the real tell for wheter we're seeing demand saturation or just a temporary infrastructure bottleneck. Super Micro reporting same day adds another layer since their guidance often foreshadows broader server demand trends.