Dylan Cooper

Despite Monday’s strong rebound the market remains in the recovery phase following last week’s correction.Governance issues at NVIDIA regulatory concerns surrounding AI data centers and upcoming earnings reports continue to influence investors’ selective approach to tech stocks

Asian markets rebounded on Monday, with Taiwan’s stock market leading the gains South Korea’s KOSPI and Japan’s Nikkei Index rose more than 1%, while Taiwan’s Weighted Index surged nearly 5%

The market remains under the shadow of AI regulatory concerns and is in a correction phase. The Nasdaq is still down more than 10% from its October 6 high and is in a technical correction.

Markets are focusing on today’s October nonfarm payrolls report (to be released at 8:30 a.m. ET) Investors are awaiting the U.S. Department of Labor’s October jobs report. Earlier, ADP data showed that private-sector employment increased by approximately 86,000 in October.

Focus shifts today to weekly jobless claims, Challenger layoffs, and after-hours reports from Airbnb and Cloudflare. Friday’s jobs number is the larger macro print. Rate-hike odds for December remain elevated in the background. #Earnings #Fed #Nasdaq

Midterm results are largely in. Focus moves to AMD’s full reaction, any remaining election headlines, and the jobs report later this week. Rate-hike odds for December are still elevated in the background. #Earnings #Fed

AAPL reported $114.5B revenue (+12%) and $2.10 EPS, both ahead of consensus. iPhone and Services hit records. December-quarter revenue guide of 7–10% and gross-margin outlook of 45–46% (memory-cost pressure) disappointed. Shares fell ~3–4% after hours. #AAPL #Earnings

The rate path is background for now. The Fed held at 3.75–4%. Markets still lean toward a December hike. For the AI complex the cash-flow path from the prints matters more than the next 25 basis points. #Rates #Fed

Futures turned lower overnight. Nasdaq 100 futures –1.1%. S&P futures –0.4%. Dow futures slightly green. Alphabet’s miss is the weight. The open will show how much of the AI bid survives the cash-flow print. #Futures #QQQ

Oil is secondary but not gone. Brent is holding near $111–115 after last week’s spike. Geopolitical headlines still move the barrel, but the AI complex and the Fed are setting the tone for now. #Oil #Brent

Oil is no longer the dominant input. Brent is holding near $110–116 after last week’s spike. The geopolitical premium remains, but the barrel is no longer driving every open. The AI complex and the Fed are setting the tone for now. #Oil #Brent

Verizon reports before the open. It is not an AI name, but the telecom group was pressured last week by SpaceX wireless headlines. A clean print and guidance would be a small positive for the communication services sector. #VZ #Earnings

The week’s damage was concentrated. Nasdaq −0.71% for the week. S&P −0.47%. Dow +0.41%. Thursday’s AI selloff did the real work. Friday only added a light finish. The index is still digesting Meta and Tesla’s spend stories. #Nasdaq #Weekly

Earnings season is still open. Western Digital and others reported after Thursday’s close. More prints land today. The AI names already spoke and the market sold the spend. Non-tech guidance will show whether the multiple pressure stays contained. #Earnings #WDC

Monday’s bounce was real; Tuesday’s open is the test. Dip buyers showed up yesterday. Credit headlines arrived overnight. If open holds and Netflix clears, rebound stays alive. #QQQ #Stocks

Rotation last week was real; the question is duration. Defensives held up while AI was liquidated. Monday’s open is the first vote on whether money rotates back. #Rotation #Stocks

Oil is still the background noise. Brent around $105. Middle East risk and supply headlines remain in the file. Energy keeps inflation data sticky.

The semiconductor ETF is on a sixth-day slide. The SOX fell 4.3% on Wednesday and is down more than 10% over six sessions. The financing cost of the build-out is the new variable.

The longest calm streak is the one that is ending. The S&P has gone 53 sessions without a 1% decline, the longest stretch since January 2020. Calm is a position. It is not a forecast. #SPX #Volatility

Two tapes are trading. One is the bank print: margins, trading, and whether the 30% earnings number holds. The other is the chip multiple: Chinese competition, Broadcom’s casino line, and a sixth day of losses. #QQQ #Stocks