🌅 Today's Morning Call
|
S&P Futures
7,816.75
▼ -30.25 (-0.39%)
|
Nasdaq Futures
31,183.00
▼ -176.00 (-0.56%)
|
Dow Futures
51,049.00
▼ -346.00 (-0.67%)
|
|
10Y Treasury
5.28%
▲ +0.01%
|
US Dollar
102.42
▲ +0.19 (+0.19%)
|
Bitcoin
$82,273
▼ -$1,002 (-1.20%)
|
Data as of 8:08 AM ET
Good morning! Happy Thursday. Futures are leaning red across the board this morning, with a guidance cut from PepsiCo and sticky Treasury yields giving traders something to chew on before the bell. The mood is cautious rather than panicked, but there is plenty to track. Here's your morning rundown.
👀 What to Watch Today
Earnings season tone-setting starts now, and PepsiCo (PEP) is the headline act. The company beat on both the top and bottom lines but trimmed its full-year forecast, a reminder that consumer-staples demand is wobbling even for the giants. Watch how PEP trades at the open for a read on how markets will treat beat-but-guide-lower stories this quarter.On the rates side, the 10-Year sits at 5.28% and the 30-Year at 5.66%, both ticking higher. With yields this elevated, any economic data surprise today could amplify pressure on rate-sensitive growth names.
Keep an eye on the dollar too. The DXY is up to 102.42, a headwind for multinationals and commodities. International retail results from Fast Retailing and Tesco add global context to the consumer story.
Your Phone Is Smarter Than Your Inbox
Not every market move can wait. Our text alerts deliver the ones that can't. One short alert, straight to your phone, when something is worth seeing now. No fluff. No noise. No charge.
Text Me the Alerts🌏 Overnight Recap
Overseas markets gave bulls little to cheer overnight. Asian equities drifted lower as traders digested fresh caution around the global consumer, while European bourses opened on the back foot. The dollar firmed to 102.42 on the DXY, keeping pressure on commodities and multinational earners. Treasury yields crept higher once again, with the 10-Year at 5.28% and the 30-Year at 5.66%, a backdrop that continues to weigh on richly valued growth names. In crypto, Bitcoin slipped below the $83K mark, extending its recent softness as risk appetite thinned heading into a heavy earnings slate. Across the board, the overnight tone was one of hesitation rather than conviction, setting up a cautious open.Sponsored Content
Elon's Next Millionaires Start October 24?
Tesla made 5,000+ of its own employees millionaires. SpaceX minted 4,400 in a single day.
Now Elon's gearing up for his biggest venture yet. It's powered by an obscure AI firm he's relied on since 2012. Former Wall Street CEO Dylan Jovine calls it "Elon's 100X AI Stock."
His research says it could mint a whole new class of millionaires starting October 24. This time, you could be one of them.
📊 Pre-Market Movers
PepsiCo (PEP) is the name everyone is watching before the bell. The beverage and snack giant topped estimates on revenue and earnings but trimmed its full-year outlook, a combination that has shares trading unsettled pre-market as investors weigh the beat against the blink. Fast Retailing and Tesco round out the international consumer picture, with both reports offering a global pulse check on how spending is holding up abroad. Rate-sensitive growth and tech names are leaning lower in sympathy with the uptick in yields, while commodity-linked stocks face a headwind from the stronger dollar. Expect choppy two-way action as the market sorts the winners from the warning signs.🔍 Today's Watchlist
- PepsiCo (PEP) — The marquee earnings print. Beat on revenue and EPS but cut its full-year forecast. How it trades at the open is the single best tell for how markets will handle beat-but-guide-lower stories this quarter.
- 10-Year Treasury Yield — Sitting at 5.28% and ticking higher. Elevated yields keep pressure on growth and rate-sensitive names, and any data surprise today could amplify the move.
- U.S. Dollar Index (DXY) — Firming to 102.42, creating a headwind for multinationals and commodities. A continued climb would pressure exporters and dollar-sensitive earnings.
- Bitcoin (BTC) — Slipped below $83K overnight, extending recent weakness. A useful barometer for broader risk appetite as traders navigate a heavy earnings slate.
- International Retail (Fast Retailing, Tesco) — Global consumer results that add context to the PepsiCo demand story. Watch for signs of whether spending softness is a U.S. phenomenon or a worldwide trend.
Sponsored Content
Nvidia poured over $7B into this
Take a look at this…
It's a radical "light-speed" device that's turning AI as we know it into "Accelerated AI", making it 100 times faster and 100 times more energy efficient.
In fact, Jensen Huang, Nvidia's founder and CEO, says this device is shattering the limitations of AI and without it, AI can't scale.
If you want to discover what this technology is, why Nvidia is betting billions on it…
And the one stock we believe could be the biggest winner when "Accelerated AI" goes mainstream…
🎯 The Morning Playbook
The playbook today centers on how traders treat the beat-but-guide-lower setup from PepsiCo, because it sets the tone for the entire earnings season. If PEP finds buyers despite the trimmed forecast, it signals a market willing to look past soft guidance. If it fades, expect that skepticism to bleed into other reports. Keep rates front and center. With the 10-Year at 5.28% and climbing, any economic data surprise could put outsized pressure on growth and rate-sensitive sectors. Watch the dollar at 102.42 for its impact on multinationals and commodities, and keep Bitcoin below $83K on the radar as a gauge of broader risk appetite. Stay nimble, respect the red tape in futures, and let the first hour of trade confirm direction before chasing moves.📰 Further Reading
Landmark Executive Order 14241 Unleashes TRUMP'S NEW DOLLAR (Ad)
Republican or Democrat – whether you support or oppose Trump's New Dollar – every American could soon be forced to use it
Discover three critical moves to help you prepare, before it's too late >
DEC 8TH — Become 1 of 1,806,000 New "Musk Millionaires" (Ad)
Elon Musk is quietly working on something he's actively trying to hide from the mainstream. Bigger than Tesla. Bigger than SpaceX. And James Altucher says the window to get positioned closes December 8th. A small group of hedge fund titans already know what's coming. After today, you could too. The...
Get positioned before December 8th
I'm Shouting BUY Before October 31 (Ad)
He bet $17 million on AI, hired a former NSA codebreaker, and built his system inside Google. Now his signals are pointing at one move he says could 10x your money today, October 31st. It is not Nvidia. It is not big tech. The better place for your money right now is something most investors are com...
See where to move your money now.