Full background on Walmart's partnership here via @barronsonline: https://t.co/Sp4X3cfOk0

Walmart getting the OpenAI announcement bump today?

"Interestingly, the average annualized return since TKer’s launch was an extraordinarily average 9%." 🧐

UBS: "Heading into Q3 earnings season, average single stock implied moves [light blue line below] are at post-Covid highs as names realized close to decade+ highs through and even post-Q2 earnings."

Relationships can be perfectly selfless if we pour our fullness onto others—which some of us do, thereby receiving an overflowing in return. Thus, these relationships are closely related to God, as we are made in His image through the Trinitarian model of perfect unity and

Feel like it's been a while since a five-day chart looked this squiggly.

That's expected to change this quarter.

Mag 7 stocks haven't posted larger realized earnings related moves than the rest of the market since Q2 2024.

Barclays: "Given the potential importance of the upcoming earnings,  we note that the non-weighted median implied move across a basket of 700+ stocks with liquid options is currently at 5.5%, the fifth largest of such moves at equivalent point in time over the 10+yr"

“Q3 earnings season is the most likely suspect.  As we noted yesterday, expectations are high after consecutively strong Q1/Q2 results.  Earnings that are merely “very good” may not be sufficient.”

“History is very clear that abnormally low S&P 500 sector correlations, such as over the last week, warn that the market is prone to some near-term weakness but are not a sign that stocks have peaked for the cycle.” - @DataTrekMB

Polymarket odds of a 100% tariff on China by Nov. 1 now sit at 13%, down from 54% on Friday.

https://t.co/nYE7YuHM1x

Philly Fed president Anna Paulson: "In the more immediate term, the relatively narrow base of support for the labor market, the importance of high-income consumers together with the prominence of the narrative around AI for equities, adds up to a relatively narrow base of support

BlackRock: "Yes, the dollar has weakened, but it still looks historically strong versus other major currencies... We see the U.S. dollar’s slide tied to expected Fed rate cuts and fiscal concerns – not evidence its reserve status is under threat."

It's been a good year to #buythedip The S&P 500 has rebounded around 2.3% the week after a one-day drop of 2%. That's the biggest jump since 2019, and the second largest since **1983.**

It’s getting pretty ugly for the Nasdaq. At the lows of the day and approaching a 3% loss.

Data!

VIX above 20 for the first time since Aug. 1.

The smallest of the small caps have done the best since the April lows, per @bespokeinvest.