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The Marked Chart Wire · Markets
Market Sentiment
U.S. stocks declined Friday amid geopolitical concerns and higher energy costs. Market sentiment indicators remained in the extreme fear zone despite slight improvements.
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Market Sentiment
The Fear and Greed Index sits at 20 out of 100, signaling extreme fear in U.S. stocks. Market breadth is recovering from early October lows, though the S&P 500 momentum has weakened and junk-bond spreads have widened.
HotFed
The Federal Reserve is scheduled to announce its October interest rate decision. Major technology companies including Google, Microsoft, and Amazon will also report earnings during the period.
AI Spending
Shares in the region fell on Monday amid doubts about the longevity of artificial intelligence investment. Market participants are bracing for a busy schedule of corporate results and monetary policy updates.
Fed
U.S. stock index futures edged higher on Sunday evening following a week of significant declines in technology stocks. Investors are now focused on the upcoming Federal Reserve meeting and major corporate earnings reports.
Market Technicals
Major US stock indexes are trading below critical support lines, while non-AI equities show buy signals. Microsoft, Google, and Amazon are highlighted as upcoming catalysts.
Markets
Torsten Slok of Apollo argues that artificial intelligence has provided no financial return to companies outside the technology sector. He notes the performance gap between the Magnificent Seven and the rest of the S&P 500 is widening.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.