US Market Wrap Oct 9: S&P +0.6%, Nasdaq +0.6%, Dow +0.8%. Risks: Oil >$104, 10Y ~5.24%, AI/chip profit fears, bank earnings & CPI. Main question: Can earnings justify elevated valuations amid high borrowing costs? Next week matters. #Investing
Incoming chaos for US telecom! SpaceX announced Starlink will target major US mobile carrier position. $T -11.30%, $VZ -11.30%, $TMUS -13.30%. Those drops are so significant.
S&P 500 hit ATH Tue, first since Aug 13. Only 4 sectors positive since prior high: Tech +6.8%, Energy +4.4%, Comm Svcs +1.2%, Health +0.6%. Only 3 outperform. Down: Industrials -9.5%, Real Estate -8.0%, Financials -7.2%. Tech & Energy lead.