Morning Brew October 29 2024

Good Morning,

We are starting the hot phase of the week with earnings of US Heavyweights as well as HSBC and Adidas, the German coalition may be breaking up and VW is looking to close plants in Germany while the S&P is setting itself up for the best year this century.

Indexes traded calmly yesterday while the USD gave up a little ground. Oil remains weak, gold and Silver remain strong.

The next week is probably the most important of the year and literally everything is possible.

• This week 5 of the magnificent 7 report earnings and more than 130 of the US500
• Economic Data includes the US and EU inflation and the key US labor data (Thursday & Friday)
• The US Election next Tuesday
• The US Rate decision next Wednesday

Earnings Preview: Megacap Earnings Preview: Trick or Treat? AI Spend Decides

Our Strats team is inviting you to a webinar today on possibilities for the US election and how to possibly trade it:

The US Election is the biggest event risk of the year. Join our webinar: Trading the US election

In general I strongly advise to consider your risks. If you are a long term investor, the expected volatility of the next days may be completely insignificant, if you are more of a trader it is enormous. Be sure about what you want to be, what you stand to gain if you are right and most importantly what you could lose if you are wrong.

Options may be a good instrument to take speculative positions with less downside risk in massive market moves.

If you are looking to trade the earning season, remember you are now able to place limit orders into the extended trading hours so a limit can be set to work from 2.5 hours before the open until 1 hour after the official close. You can enable the feature in the trade settings and then chose to route the order also into extended trading in the order ticket.

US Equities are looking to start trading 22 hours a day but that is still some time off.

Tuesday
- Data Japan Unemployment, Sweden GDP, US Consumer Confidence

Earnings: Alphabet, Visa, AMD, McDonalds, Pfizer, PayPal

Wednesday
- Data AU CPI, DE Unemployment, CPI and GDP. EU GDP, US GDP
- Earnings: Microsoft, Meta, Eli Lily, Caterpilar, Amgen,

Thursday
- Data China PMI, France CPI, EU Inflaltion& Unemployment rate, US PCE Canada GDP, Bank of Japan
- Earnings: Apple, Amazon, Mastercard, Merck, Linde, Uber, ICE, Intel,

Friday
- Data Global PMI, US Nonfarm Payrolls
- Earnings, Exxon, Chevron, CBOE