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Former Bridgewater exec Bob Elliott warns the AI stock rally is an "expectations mania" built on unrealistic growth assumptions.
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Japan's core inflation rose to 2.1% in September 2026, exceeding the BOJ's 2% target and strengthening the case for further rate hikes. The BOJ raised rates to 1.25% in September and is expected to hold steady in October while signaling future tightening. Higher rates could pressure Japanese exporters and equity valuations but may benefit banks and support the yen.
Crosscurrents In The Market Please click here for an enlarged chart of United States Oil ETF (NYSE:USO). Note the following: The chart shows that oil ETF USO is rising today. The chart shows that oil
While IPO stocks historically experience median drawdowns of up to 48% in their first year, SpaceX could defy this trend due to its diversified business model. The company's growth engines include Starlink (13.6M subscribers, 89% YoY growth), AI infrastructure contracts worth billions (including $120.5B with Anthropic and $11B annualized with Alphabet), and a potential merger with Tesla. However, investors should remain disciplined about valuation and the company's ability to convert revenue into free cash flow.
U.S. stock markets gained modestly on October 28 as the Federal Reserve held interest rates steady. The S&P 500 rose 0.28%, Nasdaq Composite gained 0.27%, and Dow Jones added 0.19%. Energy stocks led gains while real estate and utilities declined. Major movers included Vertiv Holdings (up 17% on AI infrastructure demand), Oracle (up 11% after investor day), and Wingstop (up on earnings beat), while F5 Inc. plummeted over 20% on guidance concerns. After-hours, Microsoft beat earnings expectations while Alphabet missed revenue forecasts, raising questions about AI spending sustainability.
Alphabet Inc. reported its third-quarter 2026 financial results, missing analyst consensus estimates for both revenue and earnings per share.