S. -Iran diplomatic backchannels, falling crude oil prices, and the fallout from the Fed’s recent hawkish posture.
The crowd on Polymarket, a Polygon (CRYPTO: POL) based prediction platform is heavily bullish for the Oct. 1 trading session.
” contract currently reflects an 85% chance of a higher open. Why That Number Matters Traders are navigating a new quarter, easing energy markets, and incoming labor data: Positive Index Futures: Equity futures point to a green open across major benchmarks.
86%. 48%.
42%. S.
S. troops withdrew from neighboring Iraq.
S. invasion and is being celebrated by Iranian-backed militias as a regional victory.
15 a barrel. Fed Controversy: President Donald Trump called for former Federal Reserve Chair Jerome Powell to resign or face a lawsuit over massive cost overruns related to the renovation of the Fed’s Washington headquarters.
The Fed’s inspector general cited significant project-management deficiencies but found no criminal or administrative misconduct. Earnings & Eco Data: Thursday’s earnings docket is highlighted by reports from Accenture PLC (NYSE:ACN), Nike Inc.
(NYSE:NKE), and McCormick & Company Inc. (NYSE:MKC).
m. m.
ET. The Bear Case and Market Outlook While AI-adjacent stocks helped the Nasdaq Composite post a nearly 3% gain in September, broader market breadth remains exceptionally poor.
The Dow Jones ended the month down over 3%, while the small-cap Russell 2000 fell over 4%. S.
corporates outside the artificial intelligence ecosystem. Adding to broader market friction, the yield on the 10-year Treasury Note spiked 81 basis points in the third quarter—its steepest rate of increase since 2022.
Morrison warns that at current levels, investors might begin shifting exposure away from highly valued equities into the relative safety of attractively priced Treasuries, though persistent momentum in the AI sector is currently keeping that rotation at bay. How the Previous Bet Played Out The Sept.
” The contract recorded $69,097 in total trading volume. On Wednesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq-100, respectively, closed mixed.
77. 55.
Read Also: Moody’s Mark Zandi Warns Wall Street is 'Too Optimistic' About the American Consumer: 'I Am Getting More Nervous…' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
