{"id":78412,"date":"2025-10-24T12:45:54","date_gmt":"2025-10-24T16:45:54","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=78412"},"modified":"2025-10-24T12:57:23","modified_gmt":"2025-10-24T16:57:23","slug":"10-things-you-need-to-know-2-biggest-days","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2025\/10\/24\/10-things-you-need-to-know-2-biggest-days\/","title":{"rendered":"2 Biggest Days Ever + 9 Other Things You Need to Know Right Now"},"content":{"rendered":"

We closed out another big week in markets with the SPX<\/strong> and QQQ<\/strong> hitting record highs after the light CPI report.<\/p>\n

So it's time to look ahead with the 10 things you need to know:<\/p>\n

1. The Rate Cuts Are Coming<\/h2>\n

Thanks to the government shutdown, we've been waiting forever for a CPI report.<\/p>\n

We finally got one Friday, and the numbers were lighter-than-expected.<\/p>\n

The headline number grew by 3.0%. That's not low, but at least it was below the consensus estimate.<\/p>\n

Now, traders are pricing in a 97% chance of a 25 bp rate cut on Wednesday, October 29, according to the CME's Fedwatch tool.<\/p>\n

\"\"<\/p>\n

And 94% of traders expect a total of 50 bp in cuts by year-end.<\/p>\n

Speaking of next Wednesday…<\/p>\n

2. The Tech Megapowers Report Earnings<\/h2>\n

Here's a partial<\/em> list of the companies reporting on Wednesday and Thursday:<\/p>\n

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  • Wednesday<\/strong>: Microsoft<\/strong> (MSFT), Alphabet<\/strong> (GOOGL), Meta<\/strong> (META)<\/li>\n
  • Thursday<\/strong>: Apple<\/strong> (AAPL), Amazon<\/strong> (AMZN)<\/li>\n<\/ul>\n

    That's 5 of the Mag 7, and they represent 22.5% of the S&P 500 index.<\/p>\n

    So far, Q3 earnings season has been stronger than expected (even with rising earnings estimates), and these names could seal the deal on how things turn out overall.<\/p>\n

    So between the Fed and all these earnings reports (plus ones we haven't mentioned like CAT\/LLY\/MA<\/b>), this looks like 2 of the biggest trading days of all time!<\/p>\n

    And oh yeah… we also get the PCE Price Index, plus Japan and Canada's rate decisions, and Eurozone CPI.<\/p>\n

    Here's the full calendar:<\/p>\n

    \"\"<\/a><\/p>\n

    3. It Could Be Make or Break Time for Nvidia<\/h2>\n

    All those big tech earnings reports will have a big impact on Nvidia<\/strong> (NVDA).<\/p>\n

    AI powerhouses like OpenAI<\/strong>, Microsoft<\/strong> (MSFT), Meta<\/strong> (META), and CoreWeave<\/strong> (CRWV) have been sucking down AI chips like crazy.<\/p>\n

    And Nvidia longs want confirmation that the spending spree will continue.<\/p>\n

    Especially since it looks like AMD<\/strong> (AMD) and Broadcom<\/strong> (AVGO) may be taking bigger pieces of the pie.<\/p>\n

    So Nvidia will move big based on the capex forecasts of these tech giants.<\/p>\n

    It's the biggest potential catalyst until earnings on November 19.<\/p>\n

    4. Tony Robbins Is Your New AI Guy<\/strong><\/h2>\n

    I am an AI skeptic, because I question the real-world financial value of all the big AI investments we see.<\/p>\n

    Now, I see that the nation's #1 Life and Business Strategist (his words, not mine) Tony Robbins is hosting an “AI Advantage Summit:”\"\"<\/a>Now, I have nothing against Tony Robbins.<\/p>\n

    I agree with a lot of what he says.<\/p>\n

    But isn't this the type of thing you see closer to a top than a bottom?<\/p>\n

    It makes me worry.<\/p>\n

    5. Sentiment Is… MEH<\/strong><\/h2>\n

    The AAII Sentiment Survey shows that 36.9% of investors are bullish. This is more-or-less neutral, and up slightly from last week.<\/p>\n

    \"Image\"<\/p>\n

    And it makes sense because market participants are in a state of confusion because of:<\/p>\n

      \n
    • An earnings season that feels all over the place, at least in terms of reactions<\/li>\n
    • Minimal economic data because of the government shutdown<\/li>\n
    • The nonstop news flow out of the White House<\/li>\n<\/ul>\n

      And speaking of sentiment…<\/p>\n

      6. CNN's Fear & Greed Index Is Not Broken<\/h2>\n

      As of early Friday afternoon, CNN's Fear & Greed Index was at 34, indicating Fear.<\/p>\n

      \"\"<\/a><\/p>\n

      Is it broken as many market participants think?<\/p>\n

      With markets at record things, sentiment should at least be neutral, like AAII is.<\/p>\n

      Right?<\/p>\n

      Remember, it's normal for sentiment to be neutral when market is going up amid a confusing news flow.<\/p>\n

      Also, Fear & Greed is not determined by a survey, but 7 market indicators including things like Junk Bond Demand:<\/p>\n

      \"\"<\/a><\/p>\n

      Maybe you don't find it useful, but it's not broken.<\/p>\n

      It's just spitting out what the recipe says.<\/p>\n

      And speaking of sentiment one more time, trader JC Parets posted a poignant Tweet on Wednesday:<\/p>\n

      7. Do Books About the 1929 Crash Come Out at the Top?<\/h2>\n

      Andrew Ross Sorkin's new book “1929” hit the New York Times best-seller list.<\/p>\n

      And JC had the most interesting reaction:<\/p>\n

      \n

      Reading this new book about the 1929 crash has me wondering\u2026 do books like this usually come out right before a market crash, or when bull markets still have plenty of gas left? https:\/\/t.co\/M1BqbSZlZi<\/a><\/p>\n

      \u2014 J.C. Parets (@JC_ParetsX) October 22, 2025<\/a><\/p><\/blockquote>\n