New Month, New Market? | PreMarket Prep

·1 hr 9 min·5 clips

A six-month market winning streak ends abruptly, raising the question: is this a new month with a new market?

The episode begins with the host highlighting a sudden market drop after a six-month winning streak, setting a tone of volatility and new strategies for November. The show quickly transitions to a pre-market data rundown, covering S&P futures, commodities like gold and silver, and Bitcoin. Halloween candy anecdotes lead into earnings analysis, starting with Apple's report: EPS of $1.64 beat estimates, but iPhone sales weakness caused a minor drop, with discussion on Apple's declining volatility and role as a 'cash hideout'. Amazon's earnings are next, with EPS of $1.43 beating estimates and revenue of $158.88 billion; the stock breaks out near $200, but concerns about Jeff Bezos's historical selling at that level create the 'Great Wall of Bezos' narrative. Other earnings include Atlassian's beat and guidance raise, Intel's mixed report with a loss but upbeat guidance, and SMCI's continued decline amid fraud concerns. The hosts preview the October jobs report, expecting 110,000 new jobs, and react to the actual number of 12,000, attributing it to hurricanes and the Boeing strike. Guest Tommy Lackey joins, downplaying the jobs report's significance and discussing market seasonality, tech sector resilience, and demographic trends as a long-term catalyst. Later, earnings from Exxon and Chevron are covered, both up slightly, and Wayfair's volatile post-earnings move is noted. The episode touches on DJT's decline and prediction markets like PredictIt, critiquing their fees. A segment features an interview with Sebastian, a college student and trader in a trading competition, discussing his strategies. The show concludes with promotions for the competition and upcoming guests.

As heard by us

A live market desk turns a messy jobs readout into a test of S&P support near 5,760.

PreMarket Prep lands at a jittery market handoff: a six-month winning streak gives way to a new month with a two-day jolt. The desk ranges from Amazon edging back near 200 and the possibility of more Bezos selling to S&P levels, TLT, USO, gold, silver, and Bitcoin, letting the…

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You want to hear the jobs number land while the desk is still deciding whether it matters?

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