Monday, November 2, 2026

Friday's worst S&P session since June delivered a −1.82% close, capping a brutal October for tech — INTC −45.3% for the month, GOOGL −18.7%, Nasdaq −2.86% on the day alone — and Monday opens with a conditional relief bounce as Iran-Qatar talks in Doha enter a third day, cutting WTI below $100 again on resumed Hormuz diplomacy, while Apple and Palantir report after the close tonight in the earnings gauntlet that will either confirm or extend the AI-capex narrative break.

Futures opened the week with a narrow but meaningful recovery: ES +0.51%, NQ +0.84%, YM +0.40% — a "relief plus pause" structure, not a conviction reversal. Two forces are driving the bid: (1) Iran-Qatar Doha diplomacy entered day three with Tehran proposing a two-stage Hormuz reopening, immediately cutting WTI −3% to ~$101 and Brent −2.9% to ~$110 and redirecting capital from energy back into consumer discretionary and broad equity; (2) the AI-capex narrative is pausing for one session ahead of tonight's AAPL and PLTR prints, which together carry more directional power for the NQ than any single data release this week.The VIX at 19.42 and equity P/C rising to 0.66 (from 0.54 Friday) describe orderly hedging, not panic — the SPY put wall at $730–$745 for Nov 4 expiry is election insurance, not distress; CBOE data shows VIX tends to mean-revert −9 to −10% in the week after a midterm election, and the S&P 500 averages +5.7% in the 3 months post-midterm (11 of 13 cases rising since 1974).The session's dominant macro input is ISM Manufacturing at 10:00 AM ET (consensus 54.7, prior 54.5) — a second consecutive expansionary print that sustains the December 9 FOMC hike at 82.6% probability; a miss below 54 would be the first meaningful data-compression of the December rate path and pull the 10Y below 4.90%.The sector rotation map has been redrawn overnight: XLE is now the clear lagger (WTI −3%, XOM +2.0%, CVX −1.1%) as the Hormuz war-supply premium deflates; XLK leads the pre-market recovery (+1.00%), tentatively reversing last week's "tech out / defensives + energy in" regime; XLV holds its defensive bid at +0.28% while absorbing the week's strongest momentum from LLY and REGN.

1. Market Snapshot

Prior session (Friday Oct 30): S&P 500 7,580.07 (−1.82%); Dow 51,770.31 (−1.09%); Nasdaq 25,437.00 (−2.86%); VIX 19.42 (+12.91%); XLK worst sector (−4.89%); XLV best (+2.40%); worst S&P session since June 5, 2026.

US futures pre-market (~6:30 AM ET):

Key observation: NQ outperforming YM today reverses last week's defensive rotation signal. AMD and ARM are pre-market contagion drops from INTC's PC guidance collapse and general AI-capex reassessment — both report later this week, not tonight. The energy sector's −2 to −4% pre-market move is the session's most consequential positioning change.

2. Asia Recap

Key: KOSPI's +2.24% advance follows Friday's sharp −3.48% single-session decline (driven by INTC/AI-capex contagion; the prior week itself closed with a +3.25% gain), signaling the semiconductor selloff is being treated as a one-name event (INTC), not a sector-wide demand collapse. CSI 300 reclaiming 4,000 adds a constructive floor to global risk. Nikkei's modest decline reflects ongoing yen-strength pressure from the BoJ's hawkish hold limiting Japanese equity upside.

3. Europe Now

European context: DAX outperforms the regional pack (+0.34%); the FTSE's near-flat finish reflects energy sector headwinds from Brent's decline largely offset by broader gains — a reversal from last week when London's energy tilt provided a buffer against the Nasdaq rout. BoE decision Thursday (100% OIS probability for +25 bps to 4.00%) and Riksbank Wednesday (+25 bps to 2.00% expected) make this a synchronized global rate-hike week. Eurozone CPI flash Wednesday (consensus 3.9% YoY vs 3.8% prior) is the European macro input.

4. Economic Calendar

This Week (Nov 2–7):

★ = Today's active releases

Upcoming (out of week):

5. News & Events

1. Iran / Hormuz — Doha Diplomatic Pivot Deflates the War-Supply Premium

US-Iran talks in Doha entered a third day with Tehran formally proposing a two-stage plan to reopen the Strait of Hormuz. President Trump told Prime Minister Netanyahu he prefers exhausting diplomatic avenues before any military action — a position that directly reversed Israeli assumptions about US escalation support. Brent immediately fell to ~$109.87 (−3%) and WTI broke below $100 intraday to ~$99.64 (−4.18%), continuing the diplomatic deflation of the war-supply premium. The operational picture remains fragile: actual tanker transits are still near-zero, and Qatar's LNG carrier Al Mayeda was struck on October 30 — the same day Iran sent its diplomatic signal. The market is pricing the prospect of resolution, not resolution itself. Energy longs should tighten stops; the war-supply premium has materially deflated but the underlying closure is operationally intact.

2. AAPL + PLTR — Tonight's Binary Events

Apple Q4 FY2026 consensus: EPS $1.99 / Rev $113.4B. Key watches: iPhone Duo demand data, holiday Q1 guidance range, and memory-chip cost headwind. Loop Capital downgraded Buy→Hold pre-report (PT $370→$330), citing memory cost pressure. Stocktwits reads "extremely bearish" — historically a sentiment-exhaustion signal for a name with an 8/8 consecutive EPS beat record. Options market implies ±4.3% move (straddle ~$14.98, range $332–$362 based on Oct 27 close $347). Palantir ($0.41 EPS / $2.18B rev) enters with JPMorgan's Brian Essex initiating at Overweight $262 on October 29 (ahead of tonight's earnings) and a 9-quarter beat streak; company guided $2.16B (sandbagged below Street's $2.18B). Options imply ±11.65%. A double beat (AAPL + PLTR) with constructive guidance is the clearing event the AI-capex narrative needs. A double miss extends the rotation into a second week.

3. US Midterm Elections — Tomorrow, Nov 3

House, Senate, and governor races are tomorrow. No significant pre-market cross-asset election hedging evident today. The SPY put wall ($730–$745 Nov 4 expiry; $720–$730 Nov 20 expiry) reflects post-election tail protection, not pre-election panic. Democratic Congress scenario would pressure tech (AI regulation discussion) and pharma while supporting healthcare providers and green energy; Republican hold favors banks, defense, and energy infrastructure. CBOE data: VIX tends to mean-revert −9 to −10% in the week after a midterm; S&P 500 averages +5.7% in the 3 months post-midterm (11 of 13 cases rising since 1974).

4. LSEG — £650M Buyback Programme Commenced Today

London Stock Exchange Group announced the final £650M tranche of its £3B buyback programme, executed through Citigroup Global Markets with a February 24, 2027 completion target. This is the freshest corporate action in the brief: systematic daily buy support for 16 weeks on a Refinitiv-integration compounder. Not a single-day catalyst, but a structural price-support mechanism.

5. Jana Partners → CWST; Oasis Management → MTN (Proxy Fight Live)

Jana Partners disclosed a 13D stake in Casella Waste Systems at the 13D Monitor Active-Passive Summit, demanding 27% EBITDA margin by 2029 (vs. ~22% current) and a performance consulting hire. CWST rose ~8% on disclosure to $93.07 — Jana sees a privatization/buyout angle given the depressed valuation vs. RSG and WM. Separately, Oasis Management filed a revised preliminary proxy statement (PREC14A) on October 30 for Vail Resorts (MTN, 9.6% stake) — a live proxy contest with four nominees including ex-Disney CEO Bob Chapek. ISS/Glass Lewis recommendations are the next key event, likely within 2–3 weeks.

6. WSB/Retail Sentiment

Reddit enters Monday in a cautious-but-opportunistic posture after Friday's rout. SPY leads raw mentions (772, neutral macro tone), confirming a macro-recovery discussion rather than single-name chasing. AAPL (208 mentions) sits at "extremely bearish" on Stocktwits ahead of tonight — a positioning extreme that has historically flagged sentiment exhaustion rather than acceleration for this name. PLTR (63 mentions, neutral-to-bearish) has bulls pointing to government AIP contract momentum while bears note the expensive multiple; tonight's print resolves the debate.

GOOGL, NVDA, and AMZN remain widely discussed as residual AI-capex fallout, while CRWV (+7.4% pre-market, reversed to ~−9.7%), TSM (+2.32%), and RKLB (up ~+1–2%+ pre-market, reversed to ~−7–8% intraday) are receiving high viral attention as retail scans for the next INTC contagion candidate in the semiconductor chain. COST (~+1.2%, positive Stocktwits) and TGTX are drawing bullish flow as defensive/value plays away from mega-cap tech. The crowd's working thesis heading into tonight: "AAPL sets the tone for whether tech has found its floor or has one more leg down."

7. Commodities & Currencies

Energy:

Metals:

Currencies & Rates:

Cross-asset read: Oil's 3% reversal is Monday's dominant cross-asset signal — the war-supply premium that drove October's energy outperformance is deflating. Gold at $3,900 (−$100 from the $4,000 level) drifts lower with the Iran risk premium; $3,850–$3,900 is the near-term watch. The DXY's third consecutive decline keeps the commodity-ex-energy bid alive in metals and copper. The 10Y at 4.93% is priced for 82.6% December hike probability — ISM Manufacturing is the real-time dial.

8. Earnings This Week

Reporting BMO Today (Mon Nov 2):

Reporting AH Tonight (Mon Nov 2):

Rest of Week (Key):

Season context (FactSet): 60% of S&P 500 reported; blended Q3 EPS growth +30.2% YoY (above Sep 30 estimate of +29.1%). Beat rate above the 5-year average. INTC/AMZN/GOOGL guidance failures are outliers — the broader season is strong.

9. Strategy Triggers

Live:

defensive_rotation — The week-long rotation into healthcare and utilities retains its structure, but Monday adds a new layer: XLE flips from defensive buffer to the weakest sector as WTI breaks $100 on Iran diplomacy. The surviving defensive leg is XLV (+0.28% pre-market, 1-week +3.08%, 3-month +14%), XLU, and XLI (bipartisan defense/infrastructure thesis intact regardless of election outcome). Healthcare's three-month lead remains the cleanest sector outperformance story heading into a week where defensive positioning is rational before midterms.

geopolitical_crisis + warflation_hedge — Doha diplomacy complicates but does not terminate the Hormuz supply-risk thesis. Tehran's two-stage proposal is a proposal, not a signed agreement. Qatar's LNG carrier Al Mayeda was hit October 30 — the same day Iran sent its peace signal. Houthi activity against Saudi Arabia remains active. The war-premium component in crude is under near-term tactical pressure; structural defense names (HII on Goldman conviction list, defense aerospace theme) remain bid regardless of the Iran outcome. Energy positions should be reviewed for stop-tightening; defense positions need no change.

glp1_obesity — Morgan Stanley raised LLY to $1,596 (Overweight); Scotiabank raised to $1,605 (Sector Outperform). These are the two largest post-Q3-beat PT revisions in the brief. After Thursday's +6.6% session, XLV's Friday sector leadership, and REGN's Friday blowout ($20.07 vs $16.42 est, +36% revenue), the GLP-1 thesis is receiving quarterly confirmation across multiple names simultaneously. Supply-catches-demand remains the central thesis.

fomc_announcement — December 9 hike probability holds at 82.6% post-ECI +0.8% in-line Friday. ISM Manufacturing at 10:00 AM is the next sequential data input — a second consecutive expansion print (54.7 est) sustains the Dec hike without adding to it; a miss below 54 introduces the first data-driven compression of the rate path. The 10Y at 4.93% is the real-time dial. Nothing in today's calendar changes the Dec 9 thesis before NFP Friday.

sentiment_reversal — GOOGL (RSI ~21, recovering toward $283–$285 today), UBER (~$65–$67, at 52W lows, earnings catalyst Wednesday Nov 4 BMO), and FTNT (20% beat-and-lower overshoot, recovering today) entered Monday as the three highest-conviction technical oversold setups. The NQ +0.84% recovery environment is the first stable day for first-tranche entries since the earnings shocks began.

earnings_surprise_drift — Q3 blended EPS growth +30.2% YoY vs. initial +29.1% estimate creates systematic positive revision drift. AAPL (8/8 beat record) and PLTR (9-quarter beat streak, sandbagged guidance) are tonight's highest-probability continuation candidates. Stocktwits "extremely bearish" on AAPL is the contrarian setup: sentiment exhaustion at a consistent beater.

Cautionary:

ai_infrastructure_layer — AMD (down sharply pre-market today on INTC contagion) and ARM (−9.6%) are the near-term pressure points for the semiconductor sub-theme. Both report this week (AMD Tuesday AH, ARM Wednesday AH) — their earnings are the acid test for whether data-center GPU demand holds at the velocity MSFT Azure +48% and GOOGL Cloud +103% implied. The strategy's core differentiation (own physical infrastructure — power, cooling, networking — not application names) continues to hold: VRT's Wednesday +16% beat and XOM/CVX energy-earnings beats remain the structural confirmation. Tonight's AAPL result is an ARM read-through given Apple Silicon.

semiconductor_value — INTC's −45.3% October collapse sets a challenging context for the sector entering this week. The death cross is imminent (50-day converging toward 200-day). AMD and ARM report this week — if AMD's data-center GPU guidance also disappoints, the sector read-through extends the October narrative into November. No new semiconductor-value entries until AMD (Tuesday) and ARM (Wednesday) prints establish the new baseline.

10. Friday's Predictions — Scorecard

11. Trade Ideas

1. GOOGL — STRONG BUY (RSI ~21; 44% Below Consensus PT; Recovery Day Entry)

At ~$279–$285 today, GOOGL is recovering from Friday's $279.84 close. The Q3 EPS miss ($2.12 vs $3.01) was 92% non-operational — an $8.7B equity mark-to-market drove the GAAP gap while underlying metrics remain intact: Cloud +103% YoY, Search positive YoY, YouTube advertising revenue +9% YoY ($11.21B) — single-digit growth, below the double-digit expectation. RSI ~21 is among the deepest oversold readings in three years. Average analyst PT $408 (44% upside); Bernstein $325 is the Street floor; DA Davidson $300 is the Street low. Entry zone: $275–$295. Stop: weekly close below $265 (structural selling, not a one-time event). Target: $325 (Bernstein floor) → $408 (Street mean). sentiment_reversal + earnings_surprise_drift.

2. UBER — STRONG BUY (Earnings Wednesday BMO; 31% Below 52W High; Fundamental/Narrative Disconnect)

Uber reports Q3 Wednesday November 4 BMO ($0.90 EPS / $14.67B rev estimated) — the week's single highest-conviction catalyst for a name at 52-week lows. Fundamentals: 20%+ revenue growth, ~40% profit growth, ~$10B annual FCF, under 15× trailing earnings. The bear case is robotaxi disruption; the reality is Waymo operates on Uber's platform. 41 of 50 analysts rate Buy or higher; Guggenheim PT $125 (90%+ upside from 52W lows). At $65–$67 today, Wednesday's earnings are the asymmetric near-term catalyst. Entry zone: $63–$68. Stop: weekly close below $60. Target: $85 (200-day MA reclaim) → $125 (Guggenheim). sentiment_reversal + rideshare_mobility.

3. FTNT — STRONG BUY (Beat-and-Lower Overshoot; Recovery Day is the Entry)

Fortinet beat Q3 on headline numbers — the selloff came entirely from analyst extrapolation gaps (product growth 37% vs ~50% expected; services guide trimmed $30–50M). For a cybersecurity franchise with non-discretionary enterprise spend and a SASE/firewall moat, a 20% single-session drop on a minor guide trim is textbook overshoot. Today's NQ +0.84% recovery is the entry environment. Second tranche on any further weakness in the next 1–2 sessions. Stop: close below the Oct 30 session low. Target: +20–25% recovery within 60 days. cloud_cyber_value + vix_spike_buyback.

4. DINO — INSIDER BUY ($1.1M CEO No 10b5-1; Oct 29; Downstream Refiner)

HF Sinclair CEO Franklin Myers purchased 10,000 shares at $110.72–$110.80 ($1,108,000) on October 29 — one day before refining-complex earnings. Myers has purchased 40,000 shares YTD and sold zero; 207,723 shares held direct. No 10b5-1 plan. A CEO buying at this scale ahead of results — in a downstream refiner that benefits from cheap crude inputs even as oil prices drop — is one of the highest-signal insider configurations in the filing window. WTI's decline today actually improves DINO's crack-spread economics (cheaper crude input; product prices stickier). insider_buying_real.

5. TTMI — INSIDER CLUSTER ($1.34M CEO + Director Same Day Oct 28; PCB/Substrate)

TTM Technologies CEO Edwin Roks (5,000 shares at $88.07, $440K) and Director Wajid Ali (10,000 shares at $89.86–$90.64, $902K) both purchased October 28 — no 10b5-1. CEO Roks also bought at $111.77 in August; the current $88 purchase is 21% below his prior buy. PCB and semiconductor substrate manufacturing has direct AI-server build-out exposure (advanced packaging demand). A CEO + board director buying the same day at a 21% discount to recent highs is the textbook cluster signal. insider_buying_real.

6. AAPL — WATCH (Tonight; Sentiment Exhaustion Asymmetry)

208 Reddit mentions with "extremely bearish" Stocktwits sentiment — a positioning extreme that has historically preceded surprise beats for a name with AAPL's consistency. Loop Capital's pre-report downgrade (Buy→Hold) removes a marginal bull and is already in the price. Options imply ±4.3%. The asymmetric setup: extremely bearish sentiment + 8/8 beat record + iPhone Duo new product cycle. Not a trade before the print. If AAPL beats and guides in-line-or-better, it becomes an immediate entry in the $332–$345 range. If it misses, evaluate next support before initiating. earnings_whisper.

7. PLTR — WATCH (Tonight; JPMorgan Initiated Overweight $262; 9-Quarter Beat Streak)

JPMorgan's Brian Essex initiated Palantir at Overweight $262 on October 29 (ahead of tonight's earnings) — 30%+ upside, the most aggressive pre-earnings initiation in this brief. Company sandbagged its own Q3 revenue guide ($2.16B vs Street $2.18B), consistent with the prior 9-quarter sandbagging pattern. Options pricing ±11.65%. If Palantir beats and raises, the post-print move is the entry point, not tonight's close. earnings_surprise_drift.

Structural Avoids:
- RDDT — CEO confirmed structural Google AI referral traffic decline; login-wall changes risk casual user attrition; no credible alternative discovery driver; near 52W low but not investable until durable traffic replacement emerges.
- CRWV — ~$50B GPU-secured debt load + Microsoft customer concentration; Q3 earnings November 10 is the first look at refinancing viability; do not enter before results.
- NFLX — YouTube at 14.2% vs Netflix 7.8% US TV time is secular, not cyclical; ad model underdelivering; deeply oversold but no fundamental recovery catalyst.
- INTC — Death cross imminent; PC market declining through 2027; 12–18 month patience thesis minimum; no near-term catalyst.

The Day Ahead in One Paragraph

Monday November 2 opens as the market's first structured breathing room after the worst tech week in over a year — ES +0.51%, NQ +0.84%, WTI −3% on Iran-Qatar talks — but the relief bounce is time-constrained: AAPL and PLTR report after the close tonight, collectively carrying more directional power for the NQ than any single data release this week, and tomorrow's US midterm elections are the next known regime-shifting event.The dominant cross-asset signal is the oil reversal: WTI's break below $100 removes the Hormuz war-supply premium from energy (XLE weakest sector, −2 to −4%), redirects capital toward consumer discretionary and broad equity, and tightens the math on energy longs — positions that remain structurally sound (Doha has produced proposals, not signatures; Al Mayeda was hit Oct 30 on the same day Iran offered peace) but require stop-discipline as the diplomatic narrative runs ahead of operational reality.ISM Manufacturing at 10:00 AM is the session's macro fulcrum: a second consecutive print above 54 sustains December 9 FOMC hike odds at 82.6% without adding to them; a miss below 54 would be the first data-driven compression of the rate path and would pull the 10Y below 4.90%.For the dip book: GOOGL ($279–$285, RSI ~21), UBER ($65–$67, earnings catalyst Wednesday), and FTNT (recovering from a 20% beat-and-lower overshoot) are the three highest-conviction recovery entries — all have single-event shock drivers unrelated to their underlying businesses, all are deeply oversold, and all carry strong analyst support well above current prices.

Today's Predictions

1. ISM Manufacturing (Oct) prints at 54.5–55.2 — Consensus 54.7; prior 54.5; tight labor market (Jobless Claims 194K) + GDP Q3 +3.4% SAAR provide the macro backdrop for continued manufacturing expansion; no evidence of sudden demand disruption; base case is a second consecutive expansionary print near consensus.

2. S&P 500 closes between 7,580 and 7,700 — ES futures +0.51% from Friday's 7,580.07 close implies an open around 7,619; ISM in-line provides a floor against further de-risking; tonight's AAPL and PLTR prints hit after the 4 PM close and won't alter today's cash session close; base case is 7,620–7,680.

3. XLE is the worst-performing S&P 500 sector — WTI −3–4% on Iran-Qatar diplomacy; Brent −2.9%; XOM +2.0% (Q3 earnings beat), CVX −1.1%, APA/Devon/EOG −1.5–2.2% pre-market; no opposing catalyst for energy on a day driven by diplomatic de-escalation; the sector is in free fall relative to the recovering NQ.

4. AAPL beats Q4 FY2026 EPS consensus of $1.99 AH — 8/8 consecutive EPS beat record; "extremely bearish" Stocktwits sentiment is a historical contrarian signal for this name; iPhone Duo cycle is new and likely under-modeled; Loop Capital's memory-cost downgrade thesis is already consensus and thus priced.

5. VIX closes between 18.50 and 21.50 — Pre-market ~19.42; election-week hump active (VIX9D elevated for Nov 3–6 window); relief rally today suppresses near-term fear but AAPL/PLTR after-close prints create vol-spike risk; base case is VIX staying in the 19–20.5 range through the cash session.

6. Brent crude closes below $112 — Currently $110.20 (−2.90%); Doha day 3 sustains the diplomatic de-escalation narrative; no single-session catalyst to re-accelerate toward the $117.64 Friday close; base case is Brent consolidating $108–$112.

7. PLTR beats Q3 EPS consensus of $0.41 AH — 9-quarter beat streak; company's own Q3 guide ($2.16B) is below Street ($2.18B), consistent with the prior sandbagging pattern; JPMorgan's Brian Essex initiated at Overweight $262 on October 29 with strong government contract visibility — the most aggressive pre-earnings initiation in the brief.

8. GOOGL closes above $283 — RSI ~21; NQ +0.84% recovery environment; mean-reversion from Friday's $279.84 close extends into a second day; $283 is a conservative first-day-of-week stabilization target given the 44% gap to Street consensus PT.

9. 10Y yield holds 4.85%–4.95% — ISM in-line sustains Dec hike premium without adding to it; mild safe-haven bid from election uncertainty compresses yield toward the lower end of the range; the 4.85% floor is the Dec hike probability floor and holds unless ISM misses badly.

10. USD/JPY trades in the 157.00–158.50 range — BoJ December hike to 1.50% remains the base case providing structural yen-strength backdrop; DXY declining for a third session is a mild USD softening tailwind; no acute catalyst to break the range in either direction today.

Sources

• Yahoo Finance — Stock Market Today Nov 2
• CNBC — Stock Market Live Updates Nov 1
• TipRanks — Nov 2 Futures/Oil
• Saxo Market Quick Take — Nov 2 2026
• Benzinga — Nov 2 Pre-Market
• Bloomberg — Oil Nov 2
• HDFC Sky — Brent/WTI Nov 2
• Vantage Markets — FX/Oil Iran Talks Nov 2
• Vantage Markets — DXY/Treasury yields Nov 2–6
• portfolio-terminal.com — Oct 30 Close
• Goodreturns — Gold/Silver Nov 2
• Fortune — Bitcoin Nov 2
• Fortune — Ethereum Nov 2
• Investing.com — Estée Lauder Earnings Beat
• BLS — Employment Cost Index Q3 2026
• ad-hoc-news — VIX 19.42 Oct 30
• HeyGoTrade — GOOGL $279.84
• KuCoin News — KOSPI +2.24% / Nikkei −0.33%
• InvestingLive — European Market Open Nov 2
• Investing.com — Brent Historical
• Investing.com — USD/JPY Historical
• Investing.com — 10Y Yield Historical
• StrongBuyAnalytics — Market Outlook Nov 2
• OpenInsider — SEC Form 4
• SEC EDGAR — Form 4 Filings
• Benzinga — Apple/Marriott Nov 2 Watch
• AltIndex — WSB Ticker Mentions
• NordFX — Forex/Crypto Forecast Nov 2–6
• X/MarketsToday — Pre-market Nov 2
• TipRanks — RKLB Neutron Delay Analysts

Disclaimer

This report is produced for informational and educational purposes only and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. All data cited reflects information available as of the publication time noted above. Market conditions and geopolitical developments may change materially before or during the trading session. Futures and pre-market levels are indicative only and are not guaranteed opening prices. Past performance of any strategy referenced is not indicative of future results. Consult a qualified financial advisor before making investment decisions.