📈 Election Day is almost here

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Good Morning!

Buckle up, investors! We’re heading into one of the most intense market weeks of the year, and it’s packed with big news. Election Day is almost here, the Fed’s rate cut decision drops Thursday, and earnings from giants like Amazon are still rolling in. Futures are climbing, tech stocks are buzzing, and crypto traders are nervously watching a neck-and-neck presidential race that’s rocking Bitcoin’s price. Meanwhile, Buffett just slashed his Apple stake, sitting on a record $325 billion in cash.

Grab your Iced latte and let's get into it! ☕️👇️

Markets

📈 Nasdaq Futures Rise as Tech Shares Gain Ahead of Election Day
Nasdaq futures climbed Monday as tech stocks got a boost ahead of a high-stakes week. With Election Day tomorrow and the Federal Reserve’s interest rate decision on Thursday, markets are bracing for big moves. Friday’s 0.8% gain wrapped up a volatile week of mixed tech earnings. Meanwhile, a weak jobs report showed just 12,000 new hires, softened by unusual events like storms and strikes. Expect volatility across stocks, forex, and crypto as investors gear up for political and economic updates.

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📊 Warren Buffett Dumps 100 Million Apple Shares, Cash Pile Hits $325 Billion
Warren Buffett’s Berkshire Hathaway just trimmed its Apple stake by 25%, selling 100 million shares for $22 billion. This marks Berkshire’s second big Apple sell-off this year, reducing its stake to 300 million shares. Berkshire’s cash reserve now sits at a record $325 billion, as Buffett stays cautious on big stock investments.

😐 Bitcoin price steadies near $69k as election jitters mount
Bitcoin edged up 0.6% to $69,018 on Monday after a weekend slump, as election jitters and Fed anticipation fueled cautious trading. Polls showed a tight race between Trump, favored by crypto markets, and Harris, who has gained ground recently with a 44% win probability on Polymarket. Altcoins stayed mostly muted as traders braced for a likely Fed rate cut later this week.

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Election, Fed Decision, and Earnings Set the Stage

With a packed week in play, investors are eyeing a whirlwind of events that could shake up the markets. Futures are already hinting at mixed feelings, as major indices prepare for the US presidential election, an anticipated Federal Reserve rate cut, and the ongoing earnings season.

• S&P 500 and Nasdaq futures rose modestly Monday morning, but Dow futures lagged slightly.

• Last week's 12,000 new jobs added missed forecasts, but Wall Street shrugged it off, citing hurricanes and strikes.

• Amazon’s solid earnings offered a boost, while companies like Moderna and Qualcomm are set to report this week.

Markets Brace for Impact

The US presidential election is tomorrow, and the race is neck-and-neck. Both candidates are hustling across swing states to capture last-minute votes, with Trump taking a pro-crypto stance that has warmed him to crypto markets, while Harris promises a more cautious regulatory approach to digital assets.

• Polls in battleground states are razor-thin. Harris leads in a few states, but Trump holds a narrow edge in Arizona.

• Prediction markets show Harris’ odds rising to 44% from last week’s 35%, signaling a tighter race.

• Markets favor Trump due to his favorable crypto policies, potentially impacting Bitcoin prices, which dipped last week.

Rate Cut Decision Looms Large

All eyes are on the Federal Reserve’s meeting on Thursday, with a 25-basis-point rate cut expected—down from the 50-basis-point cut in September. With recent jobs data reflecting a cooling labor market, traders are eager to see if the Fed will maintain its dovish stance.

• Morgan Stanley’s analysts believe Fed Chair Jerome Powell won’t lock in future cuts but will likely keep policy data-dependent.

• OPEC+ news added another twist, delaying its planned December output hike in light of weak demand, which drove oil prices up over 2% Monday morning.

This week’s lineup is set to keep markets buzzing, so brace yourself for volatility across stocks, crypto, and commodities as the world watches these high-stakes developments unfold.

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