**Major Catalysts Are Approaching** ☑️ This week is packed with multiple major events, including the Federal Reserve expected to keep rates at 3.75%-4.00%, earnings reports from large tech companies such as Google, Microsoft, and Amazon, PCE inflation data, and the Bank of Japan’s decision. The risk of market volatility has risen significantly. ☑️ Investors will focus on AI spending efficiency and cloud business revenue growth. These companies have a combined market capitalization of nearly $8 trillion, and their results could determine the overall performance of the technology sector within the S&P 500. ☑️ If the PCE inflation data comes in hot (core PCE is expected to rise to 3.1% year-over-year), combined with hawkish signals from the Federal Reserve or the Bank of Japan, it could strengthen market expectations for a rate hike in December, thereby pressuring the stock market and affecting global carry trades. ☑️ In addition, there is the implied prospect of U.S. action against Iran. Up or down?

Semiconductor stocks tested their 200-day moving average for the first time in 16 months. The bull 🐮 needs to step up!

Barron’s 2026 Top 10 Stock Picks: How Are They Performing So Far?👀 ☑️ Year-to-date (YTD) performance as of October 23: $AMZN +7.4% 🟢 $BMY +14.0% 🟢 $CMCSA -19.0% 🔴 $XOM +52.2% 🟢 $FRFHF -7.3% 🔴 $FLUT -62.8% 🔴 $MSGS +50.3% 🟢 $SLG +9.3% 🟢 $V +16.3% 🟢 $DIS -1.1% 🔴 ☑️ Calculated on an equal-weighted, price-return basis: 💰 $10,000 invested in this portfolio → approximately $10,600 📈 $10,000 tracking SPY → approximately $11,100 ☑️ Although two stocks have gained more than 50%, the portfolio as a whole has still underperformed the broader market index Stock picking is not easy, even for professionals. Why not just dollar-cost average into SPY and QQQ?

**Elon Musk’s Views on AI Data Center Risks** “In the past few weeks, the debt market has almost completely cut off funding for companies that lack substantial revenue independent of AI data centers. SpaceX just completed a $40 billion GPU debt financing, but we are investment grade, and we also have revenue from Starlink and rocket launches. This means that more than 200 neoclouds (new cloud / AI cloud startups) will face ‘small-fish’ levels of death and consolidation. Some will survive, but not many. Small pure-play AI computing startups face very high risks. In contrast, large companies with other business support—such as SpaceX, Microsoft, Google, Amazon, and Meta—have stable non-AI revenue and strong credit ratings. They can still borrow money, continue expanding computing capacity, and even prioritize their own internal needs, further squeezing the survival space of smaller companies. This is the real divergence under the current debt financing environment

❗️After President Trump stated that there would be no strike on Iran today, futures markets reopened and oil prices plunged 1.7% within 20 minutes Positive for the market

🚀🚀The AI Revolution Is Driving a U.S. Economic Boom📈📈 - The U.S. Manufacturing PMI rose to 56.0 in October 2026, beating expectations and reaching the highest level since May 2022, mainly driven by accelerating employment growth (the strongest since March 2012). - The Services PMI fell 0.9 points to 57.9, and the Composite Index dropped to 57.6, yet both remain close to multi-year highs, pointing to annualized GDP growth of around 5% in the fourth quarter, with the third quarter expected at 4%. We must stay hopeful

Funds continue to pour into cash assets on a scale rarely seen in history ☑️ Admittedly, putting money into Money Market funds can now generate a certain return, but the current momentum appears somewhat extreme Such surges in the past have often harbored opportunities. Will this time be different?