Macro:
*U.S. GDP (QoQ) (Q3) on 30
*BOJ Meeting on 31 [widely expected to keep interest rates unchanged on 31, Most BOJ Watchers Expect Another Rate Hike by Jan 2025]
*US PCE on 31
*US NFP & Unemployment Rate on Nov 1
*FED Enters Pre-FOMC Meeting Blackout Period Ahead of Nov. 6-7 Policy Meeting
*Oil Majors Exxon, Chevron, Shell, TotalEnergies and BP are collectively expected to post a 12% profit decline from the Q2.
Earnings: ~20% of S&P 500 Companie to Report Earnings
*Google, AMD, Paypal, VISA, MCD, Snap, Reddit, BP on 29
*Coinbase, MicroStrategy, Robinhood, Microsoft, Meta on 30
*Apple, Amazon, Intel, Uber, Roblox, Block, Shell, on 31
*Exxon, Chevron on Nov. 1
Crypto:
*Closed Alpha for Wayfinder begins on 28
*GRASS Airdrop One Claims on 28
*MakerDAO Brand Recenter Proposal as an Atlas Edit to be voted on from Oct. 28
*Stacks’s Nakamoto Upgrade on 29
*TechCrunch Disrupt 2024 [28-30]
*Chainlink’s SmartCon [30-31]
*Binance Blockchain Week, Dubai [30-31] [CZ will be attending the event]
*Hong Kong FinTech Week [Oct. 28-Nov 1]
Token Unlocks:
$OP: $50M: 2.5% on 31
$TIA: $900M: 80% on 30
$SUI: $100M: 2.5% on Nov. 1
$IMX: $40M: 2% on 1
$ZETA: $35M: 11.9% on 1
$MEME: $50M: 13% on 3
Iran vs Israel: ‘This will not be the last attack – it’s become normalised’ ?
*Israel struck Iran’s military targets while avoiding oil infrastructure. Israel claims they damaged Iran’s missile production capabilities. Officials hope the attack hurt Iran just enough, but not so much that Tehran will respond with yet another attack. Iran initially didn’t immediately vow to respond. Instead, it played down but later on some iranian Officials including president said that we will “give an appropriate response” to the strikes.
So, now Two likely scenarios ahead:
-Everyone acts cool about it, downplays stuff, moves on
-ego’s gets bruised, hits back harder, and markets go crazy
What Bloomberg Economics Says:
“We expect October’s US payrolls report to show the first negative jobs print since December 2020, well below the consensus forecast of 120k. Much of the weakness is due to weather-related disruptions, but we also see a slowdown in cyclical sectors.
Earnings/Charts/Articles ⬎ : infinityhedge
