Stock Market Today: October 2nd - 6th, 2023

Welcome StonkForums to the trading week of October 2nd!

This past week saw the following moves in the S&P:


S&P Sectors End of Week:


Major Indices End of Week:


Major Futures Markets End of Week:


Economic Calendar for the Week Ahead:


What to Watch in the Week Ahead:

(N/A.)

 

"Fed's Last Hike" Triggers Q3 Carnage; Traders 'Sell All The Things' In September
FRIDAY, SEP 29, 2023 - 04:00 PM

The third quarter of 2023 was the first quarter of tightening financial conditions since 2022 with September the biggest monthly tightening of conditions in a year.

And if you're wondering why? It's simple, the low came at almost exactly the time of the last Fed hike (July 26)...



Source: Bloomberg

That tightening of financial conditions in Q3 corresponded to a collapse in 'hard' data (its biggest quarterly plunge since Q4 2020) while 'soft' survey data soared (its biggest quarterly jump since Q1 2020)...



Source: Bloomberg

And that left the dollar higher in Q3, but everything else lower (bonds and bitcoin worst, gold and stocks bad)...



Source: Bloomberg

Since making YTD highs in mid-July (last Fed hike), NDX is down 8 of 11 weeks for a cumulative selloff of 7%. Over the same time frame, US 10-year note yields have risen from 3.79% to 4.58% - probably not a coincidence.

This was the worst quarter for the S&P and Nasdaq since Q3 2022.

All the majors are in the red to close Q3 with Small Caps the laggard and Dow the prettiest horse in the glue factory...



Source: Bloomberg

September was the worst month for the S&P and Nasdaq since Dec 2022.

September saw losses accelerate after the FOMC meeting...



Source: Bloomberg

On the week, the Nasdaq ended unchanged, Small Caps eked out a small gain; The Dow was the biggest loser and the S&P was down around 1%...



The energy sector was the only equity cohort to end the third quarter in the green with Utes and Real Estate the ugliest horse in the glue factory...



Source: Bloomberg

Similarly, September was even uglier overall with Energy managing to hold green but every other equity sector slammed (again led by Utes and Real Estate)...



Source: Bloomberg

"Most Shorted" stocks dumped for the second month in a row in September (the biggest 2mo drop since Dec 2022). Q3 was the first quarterly drop in 'most shorted' stocks since Q2 2021...



Source: Bloomberg

Bonds were battered in Q3 with the long-end yields up over 90bps...



Source: Bloomberg

September was a US bond market bloodbath with the entire curve dramatically higher in yield. The last week has seen the short-end outperform, steepening the yield curve...



Source: Bloomberg

Bonds were battered...globally

• US 2s10s inversion dropped to May’s lows

• 5y US yield highest since 2007
  
  
• 10y US yield highest since 2007
  
  
• 30y US yield highest since 2010
  
  
• 10y German yield highest since 2011
  
  
• Japan 10y highest since 2013
  
  
• Japan 20y highest since 2014
  
  
• Japan 30y highest since 2013
  
  
• That US 30-year yields extended April 2022’s break out of a downtrend that’s lasted since the 1980s is probably the most significant economic development of the current era.

Rate change expectations for 2023 are basically unchanged for Q3 (green lines) but the expectation for rate-cuts in 2024 (blue line) has fallen dramatically (hawkishly higher expectations for rates)...



Source: Bloomberg

The dollar rallied for the second straight month in September to its highest close since Nov 2022. Q3 was the dollar's first positive quarter since 2022...



Source: Bloomberg

Crypto was basically unchanged in September, rallying back in the last couple of days to erase the puke at the end of August. However, While Solana and Ripple outperformed in Q3, Ethereum and Bitcoin were battered, down 10-11%...



Source: Bloomberg

In commodity-land, Q3 was a great one for crude markets. NatGas also gained... but copper and PMs basically went nowhere...



Source: Bloomberg

September was a shitshow across commodities with energy (crude and natgas soaring) while copper (growth) and precious metals (tightening policy) dumped. Silver was clubbed like a baby seal to end the month...



Source: Bloomberg

Gold suffered 'Death Cross' this week...



Source: Bloomberg

Oil has extended its gains since its 'Golden Cross' in August, trading back at pre-Putin-Invasion levels...



Source: Bloomberg

The massive outperformance of crude over copper pushed it up to historically key resistance level...



Source: Bloomberg

Also, Gold is at its cheapest to crude in a year and also at a key support level...



Source: Bloomberg

Finally, the disconnect between real yields and the S&P 500's P/E valuation came into the month at a noted extreme. And while the index has repriced ~5% lower, real yields increased, too...



Source: Bloomberg

As Powell said at Jackson Hole last year, there's more pain to come here.

 

October’s First Trading Day Prone to Volatility, But S&P 500 Up 8 of Last 11

Based upon data in the soon to be available 2024 Stock Trader’s Almanac on page 90, the big gain on 10/3/2022 pushed the first trading day of October into 4th place for DJIA of all monthly first trading days since September 1997 based upon total DJIA points gained.

S&P 500 has been up 15 of the last 26 years and 8 of the last 11 on the first trading day of October. DJIA’s record is slightly softer with 12 declines and NASDAQ’s performance has been the worst of the group, down 13 times with an average loss of 0.15%. Impressive gains occurred in 2002, 2003 and 2022 while sizable declines happened in 1998, 2000 (NASDAQ), 2009, 2011. 2014 and 2019 also stand out for across-the-board losses exceeding 1%.

Why Stocks Should Rally In The Fourth Quarter
Posted on September 28, 2023

“Wake me up when September ends.” -Green Day

Good riddance to what has been a very rough month for stocks. In fact, both August and September saw weakness, living up to their reputation as a potentially troublesome timeframe based on seasonality. Most might not remember it now, but the first half of 2023 was one of the best starts to a year ever for stocks. We classify this type of weakness as perfectly normal and likely necessary for stocks to catch their breath before a new surge higher.

Here’s the good news, seasonality has played out quite well the past year and if this continues, we predict a strong fourth quarter. Think about it, midterm years usually aren’t great for stocks, but they tend to see an October low. Then pre-election years tend to be strong, with most of those gains happening early. That sound familiar?

Here’s a chart we’ve been sharing for well over a year now and it showed that the past three quarters were supposed to be strong, and they were (up 7.1%, 7.0%, and 8.3%). This ran counter to nearly all the strategists on TV telling us that the first half of the year was going to be rough and the second half better. We took the other side, saying to expect strong gains in the first half of the year.



This brings us to now and the third quarter of a pre-election year wasn’t expected to do well and that sure played out again. Lastly, the fourth quarter of a pre-election year usually bounces back, something we expect to happen this year.

Breaking it down by months, the upcoming three months tend to be quite strong. October is known as a month for extreme volatility (think 1987 and 2008), but it is usually a pretty decent month overall, with November and December historically very strong.



As most investors know, but is important to remember, the fourth quarter is the best quarter of the year, up nearly 80% of the time and up more than four percent on average, twice as much as the next best quarter.



The next two charts tell similar stories that it is perfectly normal to see chop and weakness right now. Below we share the average pre-election year for the S&P 500 and years that are up more than 10% the first six months of the year. The good news is it would be perfectly normal to see strength and new highs to end the year, something we expect to happen again.





Here are two more examples of why we see a late-year rally.

When the S&P 500 is up between 10-20% for the year heading into the normally strong fourth quarter, then we can expect an even better fourth quarter, up more than 5% on average and higher more than 84% of the time. In other words, a strong year tends to end strongly.



Adding to reasons to look for a rally, when stocks fall more than 1% in both August and September, a big bounce back in October is normal, as is a great fourth quarter. The last three times that happened, October bounced back a very impressive gain of 10.8%, 8.3%, and 8.0%, respectively. Turning to the fourth quarter, it has been up 12 out of 13 times and up more than 7.0% on average. In other words, when we see the seasonal August/September weakness it is also normal to see a strong end-of-year rally.



I will leave with this; the credit markets aren’t showing any stress in the system. To keep this simple, if the riskiest companies were in trouble, then we’d expect spreads to be higher, as investors would be worried about being paid back. If you don’t expect to be paid back on a company’s debt, then you’d charge more. Well, looking at BBB spreads shows a somewhat shocking situation, as the spreads are hitting their lowest level of the year currently. To us, this is another clue that the recent weakness isn’t a new monster under the bed, but more normal seasonal weakness after a great start to a year.



Home Prices Charging Back to New Highs
Thu, Sep 28, 2023

Case Shiller home price data published by S&P CoreLogic was released earlier this week for July 2023 (it comes out on a two-month lag). As shown below, 19 of 20 cities posted month-over-month gains, with the National index up 0.6% MoM and up 0.98% year-over-year. Las Vegas saw the biggest monthly gain at 1.12%, while Portland was the only city to see a monthly decline.

The big news from the report was that the National index and ten of twenty cities once again hit new all-time highs, erasing declines seen from mid-2022 through early 2023. The National index saw home prices fall 5% from its prior high last June to its low this January, but it has bounced back by 6% since then to notch new highs. The ten cities to also make new highs were: New York, Minneapolis, Miami, Detroit, DC, Cleveland, Chicago, Charlotte, Boston, and Atlanta.

Four cities remain 5%+ below their prior highs: Phoenix (-6.7%), Las Vegas (-7.2%), Seattle (-10.1%), and San Francisco (-10.8%).



Below is a look at how much home prices have jumped from their lows made either at the end of 2022 or earlier this year. As shown, San Diego, Detroit, and Chicago have seen home prices rally the most at 9%+, while Tampa, Las Vegas, and Phoenix have rallied the least at just 4%.



Below we show the actual home price index levels for the twenty cities plus Case Shiller's three composite indices. Cities highlighted in green are the ones that are back to all-time highs. With interest rates rising so far so fast from very low levels, existing mortgage holders have frozen up, which has frozen the market of homes for sale. The extreme lack of supply has caused prices to increase, not decrease, thus far, but barring a pretty big drop in mortgage rates. we don't see this as sustainable in the months and years ahead.









October Almanac: Bear-Killer, Bargain Month, Turnaround Month

Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres. We use the term “Octoberphobia” to describe the phenomenon of major market drops occurring during the month. Market calamities can become a self-fulfilling prophecy, so stay on the lookout.

October has been a turnaround month—a “bear killer” if you will, turning the tide in thirteen post-WWII bear markets: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002, 2011 (S&P 500 declined 19.4%), and 2022.

DJIA was first to bottom in 2022 on the last day of September. S&P 500 ended its bear market on October 12 while NASDAQ did not reach a final closing low until December 28. Eight of these were midterm years. While not in an official bear market this year, the market is suffering through typical seasonal weakness which could once again come to an end in October.

Pre-election year Octobers are ranked second from last for DJIA, S&P 500 and NASDAQ while Russell 2000 is dead last with an average loss of 1.5%. Eliminating gruesome 1987 from the calculation provides only a moderate amount of relief. Should current weakness persist into October it is likely to provide an excellent buying opportunity, especially for depressed technology and small-cap shares.

Why The Student Loan Payment Restart Is Not Going to Crash the Economy
Posted on September 27, 2023

We’ve gotten a lot of questions about the potential impact of a government shutdown and the restart of student loan payments in October. Ryan wrote about the government shutdown yesterday, while today I will take a closer look at the student loan payments restarting. The fear is that a sudden resumption of payments will result in a sharp pullback in consumer spending and send the economy into reverse.

Student loans started accruing interest on September 1st, and payments become due starting October 1st. That’s after a long pause. The federal government paused payments for all federal student loans, with no interest accrued, soon after the pandemic hit in March 2020. Since then, both the Trump and Biden administrations have pushed back the resumption of payments. The Biden administration had also originally planned to forgive at least $10,000 in loans for about 43 million eligible borrowers. However, the Supreme Court struck this plan down over the summer.

It helps to take a look at the numbers to figure out the scale of the issue here. Americans paid an average $6 billion a month toward student loans in 2019.

Meanwhile, households spend about $1.5 trillion a month on consumption. The average monthly increase was about 0.3% in 2018-2019 (about $4.5 billion per month). Consumption has been running hot recently, averaging a 0.6% increase a month (about $9 billion).

The worry is that if households have to start paying $6 billion a month in student loans, that’s going to take a massive bite out of consumption growth each month, perhaps even wiping out all consumption growth for a few months. That would be a significant blow to an economy largely dependent on consumer spending.

However, there are reasons why this fear is likely unfounded.

Student Loan Payments Have Been Surging, Even Prior to Officially Restarting
The Department of Education has seen a surge of payments recently – Over the 30 days through September 21st, they have seen receipts of $9.4 billion. That’s well above receipts across any rolling 30-day period prior to the pandemic.



Interestingly, soon after the Supreme Court struck down the Biden administration’s forgiveness plan on June 30th, payments started to go up. Receipts totaled $2.1 billion in July, up from just $1.2 billion in June. Then in August, payments exploded higher to $6.4 billion. September receipts are on track to be larger, adding up to $5.6 billion over the first three weeks of the month.

It may be that borrowers are looking to pay off loans before the official restart, especially high-income earners. Also, borrowers enrolled in new income-driven repayment plans(IDR) may have already started payments. Borrowers who had automatic payments prior to the pause might have seen payments restart earlier than expected.

Whatever the reason, the big takeaway is that payments have surged, and more importantly, it hasn’t adversely hit consumption yet.

Take retail and food services sales: they rose 0.5% in July and 0.6% in August. That translates to an annualized pace of 6.3%, almost double the 2018-2019 pace of 3.2%. In fact, retail sales are 17% above the pre-pandemic trend, and rising. This is not exactly what you’d expect given the surge in student loan payments.



Other Factors Also Suggest We’re Not Facing a Consumption Cliff
In my opinion, payments were never going to go from $0 to $6 billion on October 1st for four reasons, though going by the data above, it looks like even a sudden surge didn’t put a dent into consumption.

1) Many borrowers continued to make payments even during the pause, thus reducing their principal. Payments averaged $1.2 billion a month over the first 6 months of this year, and averaged $2.3 billion in 2021-2022. So, a lot of borrowers continued to pay down their debt even when they didn’t have to, and with interest suspended those payments went entirely to reducing principal.

2) The Biden administration recently canceled $116 billion in loans for more than 3.4 million borrowers. These were borrowers on income-driven repayment plans, but there were mistakes on the administrative side that put borrowers further behind in paying off the loans. These borrowers typically had made 240-300 monthly payments already, or 20-25 years of a 30-year loan, so the rest of the debt was forgiven. About 1.1 million of them were misled by a for-profit college and granted relief under a program called borrower defense to repayment.

3) The administration is also implementing a loan on-ramp for those who will have to resume payments. It’ll allow consequence-free nonpayment for the first 12 months after restart, as nonpayers won’t be reported to collection agencies and credit bureaus. Though interest will continue to accrue.

4) The administration released a new plan (SAVE) that will benefit another 20 million borrowers. It is estimated that SAVE will cut payments in half for these borrowers, even as balances don’t grow from unpaid interest. Existing income-driven repayment plans are also becoming a lot more generous. SAVE raises the amount of money considered “non-discretionary,” which is protected from repayment requirements. This will lower payments significantly. For example, a borrower who makes $15 an hour will not make any payments. Borrowers earning more than this will save approximately $1,000 a year on payments. The plan also ensures that borrowers who keep up their minimum payments will not see their balances grow, i.e. additional interest above the minimum payment will not accrue to the balance.

There are a lot of details but the long and short of it is that we’re most likely not going from $0 to $6 billion in loan payments on October 1st. And based on the Department of Education receipts, and July-August, retail sales, it looks like even a sudden surge of payments wasn’t enough to put a dent into consumption.

We’re not saying there won’t be any impact on consumption when payments restart. Consumer spending will probably ease up in Q4. But it’s unlikely to be large enough to send the economy into a significant slowdown.

Ten Things to Know About a Government Shutdown
Posted on September 26, 2023

“I don’t make jokes. I just watch the government and report the facts.” -Will Rogers

As you’ve probably heard by now, the government is on the brink of shutting down unless Congress connects on a Hail Mary to pass a dozen spending bills before the September 30 funding deadline. The odds are this won’t happen and on October 1 the government will be at least partially shutdown.

What exactly does this mean for you, as investors? The good news is stocks tend to take shutdowns in stride, as we will discuss soon. Here are ten things to know about a potential government shutdown.

• The bottom line is the government can only spend on what is deemed essential services, like law enforcement and safety. The largest impact will be on hundreds of thousands of federal employees not receiving their regular paychecks. It will take a bipartisan deal to avoid a shutdown or to reopen it.
• Should we have a full government shutdown (the last time was in 2013), then all 1.9 million federal employees who don’t work on mandatory programs (like Medicare and social security) will be furloughed and sent home, not getting a check until things open back up. Essential employees will be forced to come to work (think TSA and air traffic controllers), but they also won’t be paid until things are back up and running.
• Active military pay will also be delayed, but veteran benefits will continue. The good news is once Washington gets going again, it is required by law to repay all federal workers and military. With the upcoming election getting closer, it is hard to think anyone wants to have military members not getting paid, as those headlines won’t be well received.
• Food stamps and other nutritional aid programs (think school lunches) will continue unaffected, while disaster relief will continue as well, but there is only so much saved in the Disaster Relief Fund, so an extended shutdown could lead to emergency funding. The post office continues (meaning you can still go stand in a long line if you like), as does Social Security and Medicare. The Internal Revenue Service (IRS) will continue to operate as normal and no workers there will be furloughed.
• Other areas impacted? Some government economic data will be delayed, so things like the monthly jobs data won’t happen. We saw delayed government data in the last shutdown in 2018/19. Given the Federal Reserve Bank (Fed) is data-dependent, this could cause more headaches the longer a shutdown goes.
• National parks or museums (think the Smithsonian) will also be shutdown. It was estimated that the full shutdown in 2013 lead to a loss of $500 million in spending at nation parks according to the National Park Services. The 2019 shutdown saw delays at airports, as traffic controllers weren’t crazy about showing up to work and not get paid. Lastly, good luck getting a passport quickly. I got a new one last year and it took forever when the government was actually open, so it’ll take even longer now.
• Libby Cantrill, head of U.S. public policy at PIMCO, estimates the impact on GDP to be 0.1% to 0.2% each week, but will be quickly reversed once government employees get paid. The 2013 shutdown was the last time we had a full government shutdown and it lasted only 16 days, but shaved 0.6% off GDP. The worry, of course, is this shutdown could also turn into a full shutdown and lasts longer than the 2013 shutdown. Libby thinks that a full shutdown is more likely than a partial shutdown at this point.
• Since 1976, we found 22 funding gaps, with only four times the government was fully shutdown, including 2013. The previous shutdown in 2018/19 was a partial shutdown which lasted 35 days (meaning some spending bills were passed). Speaking of 2013, it was both the last full shutdown, and the longest full government shutdown ever at 17 days, while the last shutdown was a partial shutdown and it lasted a record 35 days.
• As you can see below, most shutdowns didn’t last very long (median of 5 days) and fortunately stocks weren’t overly impacted either, with an average return of 0.3% during the shutdown. The truth is the market knows this will be resolved and tends to look forward, past the scary headlines. Also, don’t forget the previous shutdown was a record 35 days, yet stocks gained more than 10% during that shutdown. Yes, this was mainly due to Jerome Powell and the Federal Reserve Bank (Fed) turning dovish in late 2018, but it still showed that shutdowns don’t have to be bearish.

• Take one more look at the table above, as stocks were up 12.7% on average a year after the shutdown ended, reminding investors that stocks tend to go higher over time and once this shutdown is resolved will likely see better times as well.

Buy Yom Kippur?
Mon, Sep 25, 2023

When it comes to seasonal patterns in the market, one less widely known pattern is related to the Jewish calendar regarding Rosh Hashanah (the Jewish New Year) and Yom Kippur (Judaism’s holiest day of the year). The old saying says to sell Rosh Hashanah and buy Yom Kippur as, often, it tends to be a weak time of year for the market. We’ll leave it to others to try and explain the reasons behind the axiom, but the actual results don’t refute the pattern.

The table below shows the performance of the S&P 500 from the close before the start of Rosh Hashanah to the closing price on the day Yom Kippur ends from 2000 through 2022. During that span, the S&P 500’s median performance during this period has been a decline of 0.50% (average: -0.79%) with positive returns less than half of the time (43%).

While equity market returns have been weak during the period between these high holy days of the Jewish calendar, market returns for the rest of the year have been positive. In the twenty-two prior years shown, the S&P 500’s median rest-of-year performance has been a gain of 6.07% with gains 74% of the time. In the table, we have also shaded those years where the S&P 500 bucked the market headwinds and posted positive returns during this period, but it tended to have no impact on performance for the remainder of the year

One word of caution behind the possible explanations for the equity market’s weakness in the period between Rosh Hashanah and Yom Kippur is that they also occur during September which is already a weak time of year for the market to begin with.



Recent IPOs Arm (ARM), Instacart (CART), and Klaviyo (KVYO)
Mon, Sep 25, 2023

A couple of weeks ago, we highlighted how IPO issuance had finally begun to ramp up after a complete drought since late 2021. Arm Holdings (ARM) was one of the stocks to kick off that new slate of issuance. In a year of massive outperformance for its industry, the British semiconductor designer priced with the largest market cap of recent IPOs, currently valued at $52 billion. After initially pricing at $51/share, ARM exploded into the high $60s in its first two days of trading on the secondary market, but it gave up all of its post-IPO pop by the end of last week and was right back down near $51.



Grocery delivery app Instacart (CART) was the next offering. Debuting last Tuesday, CART similarly traded well above its IPO price of $30 in its first day of trading, but those high prices were only temporary. Like ARM, Instacart also gave up all of its post-IPO pop to trade right back down to its IPO price by the end of last week.



That left marketing automation platform Klaviyo (KVYO) as the most recent major IPO of the week. Similar to ARM and CART, the stock opened for trading well above its IPO price of $30. Shares then plummeted on an intraday basis to nearly touch its IPO price, but unlike ARM and CART, we saw some buyers step into KVYO towards the end of last week.

 

Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD in 2023-



S&P sectors for the past week-

 

Here are the current major indices pullback/correction levels from 52WK highs as of week ending 9.29.23-


Here is also the pullback/correction levels from current prices-


Here are the current major indices rally levels from 52WK lows as of week ending 9.29.23-

 

​

Here are the upcoming IPO's for this week-

 

Stock Market Analysis Video for September 29th, 2023
Video from AlphaTrends Brian Shannon


ShadowTrader Video Weekly 10/1/23
Video from ShadowTrader Peter Reznicek
(VIDEO NOT YET POSTED!)

 

StonkForumers! Come join us on our stock market competitions for this upcoming trading week ahead!-

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StonkForums Q4 2023 Quarterly Stock Picking Contest & SPX Sentiment Poll <-- click there to cast your quarterly market direction vote and stock picks for Q4 of this year 2023!

StonkForums October 2023 Stock Picking Contest & SPX Sentiment Poll <-- click there to cast your monthly market direction vote and stock picks for October of this year 2023!

StonkForums Weekly Stock Picking Contest & SPX Sentiment Poll (10/2-10/6) <-- click there to cast your weekly market direction vote and stock picks for this coming week ahead!

Daily SPX Sentiment Poll for Monday (10/2) <-- click there to cast your daily market direction vote for this coming Monday ahead!

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It would be pretty sweet to see some of you join us and participate on these!

I hope you all have a fantastic weekend ahead!

 

​

Here are the most anticipated Earnings Releases for this upcoming trading week ahead.

***Check mark next to the stock symbols denotes confirmed earnings release date & time***

Monday 10.2.23 Before Market Open:

Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES!

(NONE.)

Monday 10.2.23 After Market Close:

Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Tuesday 10.3.23 Before Market Open:

Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Tuesday 10.3.23 After Market Close:

Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Wednesday 10.4.23 Before Market Open:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Wednesday 10.4.23 After Market Close:

Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Thursday 10.5.23 Before Market Open:

Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Thursday 10.5.23 After Market Close:

Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Friday 10.6.23 Before Market Open:

Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES!

(T.B.A.)

Friday 10.6.23 After Market Close:

Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES!

(NONE.)

 

And finally here is the most anticipated earnings calendar for this upcoming trading week ahead-
($TLRY $STZ $MKC $LW $TRIB $AEHR $CAG $HELE $LEVI $RPM $CALM $AYI $NG $CAMP $ANGO $ACCD $RGP)


If you guys want to view the full earnings post please see this thread here-

• Most Anticipated Earnings Releases for the week beginning October 2nd, 2023 <-- click there to view!

 

Here is a final look at today's market and futures maps, as well as how each sector performed individually at the close on Monday, October 2nd, 2023.

 

lol thx guys! although some bad news today...looks like my bot stopped working. i'll have a look into it again later on if i have any time.

for now, i've decided to cancel my "break" yet again

though, i do have a ton on my plate at home...so likely won't be on much at all, and on a day like today where the markets are bigly red kinda sucks to be missing out on this action. :/

hope you guys all have a great rest of your day! happy tuesday.