The S&P 500 has risen in the 12 months after every US midterm election since 1950: 19 out of 19. The average gain was about 15%, and the smallest was 1.1% in 1986–87. Americans vote today with the index at 7,541. A useful pattern, but no guarantee. $SPX $SPY https://t.co/HrCXATdZXD
Asia's tech sell-off deepened on Tuesday. South Korea's Kospi fell 4% and Taiwan's Taiex 3.3%, with Japan shut for a holiday. SK Hynix dropped 6% and Samsung 4.6%, while TSMC slipped 1.3%. Hong Kong bucked the move, up 0.5%. The Taiex is at its lowest since early August. $TSM https://t.co/F2AujyLXdy
Apple beat on the September quarter: revenue of $114.5B vs $113.5B expected, EPS $2.10 vs $2.00. Greater China was the weak spot at $17.5B, about $1.2B short. It guided December-quarter revenue up 7–10%, above the 6.1% expected. Shares fell about 3% after hours. $AAPL https://t.co/b0WwOWbvaG
Oracle is reported to be close to raising about $10B from new shares at roughly an 11% discount, the equity half of its $20B AI funding plan after Monday's $10B bond sale. The stock fell 8.8% on Monday to $119.22, less than half its level a year ago. $ORCL https://t.co/niivEq0Fnh
Apple reports after Monday's US close, its first results with John Ternus as CEO. It guided to 9–11% revenue growth for the September quarter, roughly $111.7B to $113.7B, and the Street sits near the top of that range at about $113.3B. $AAPL https://t.co/2VUvLEZ02i
Two votes shape the week. Americans go to the polls in Tuesday's midterms, and on Thursday the Bank of England is expected to lift rates to 4%, its first hike in more than three years. Apple reports on Monday, Australia is also seen hiking and US jobs data lands on Friday. https://t.co/tnJZp25UZ4
South Korea's exports nearly doubled in October, up 93.7% from a year earlier to $115.3B, the fastest growth since January 1974. Chips did most of the work: semiconductor shipments rose 259% to $56.4B, almost half of all exports. Computer exports, mostly AI server SSDs, jumped 497%. Jan–Oct exports reached $930B, so the $1T annual mark is likely to fall this month. A bellwether worth watching into the Asia open. $EWY
The S&P 500 slipped 0.6% this week, yet nine of its 11 sectors finished higher and the equal-weight index rose 0.8%. The damage was concentrated: communication services fell 5.3% after Alphabet's record drop, and tech lost 2.0% as $INTC slumped. Health care led, up 3.1%. https://t.co/Pe6LLlaRqe
US spot Bitcoin ETFs saw $643.2M of net outflows on Friday, the biggest one-day exit since June. That tipped October to a net outflow of $515.9M, the first negative month since June, after inflows of $2.6B in September and $3.5B in August. $BTC is trading around $77,400. https://t.co/FaBlwUjPOp
