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At the start of the week, the major indexes reached record highs: the S&P 500 rose about 1.2% on Monday (Oct 27), the Dow Jones Industrial Average climbed ~0.7%, and the Nasdaq Composite jumped ~1.9%.
A key anchor for the market was softer-than-expected inflation data, which reduced fears of aggressive rate hikes and bolstered expectations that the Fed could begin easing policy.
Tech, especially semiconductor and AI-related stocks, were a strong driver. For example, Broadcom surged nearly 10 % after an AI-processor deal with OpenAI.
The sharp reversal on Friday was triggered by renewed threats of a 100% tariff increase on Chinese goods and export controls from the U.S. side.
Encouraging inflation data (PCE) helped lift sentiment, reinforcing hope for continued interest rate cuts.
When traders talk about momentum shifts in the market, two terms that often come up are the Golden Cross and the Death Cross.
Seasonal weakness, rotation among large-cap tech leaders. Bob explains his step-by-step process and the exact TradeZero tools he uses to size positions, set alerts, and execute with discipline.
Bob breaks down why Friday’s jobs reaction is rarely the real move, how he uses a Percent B confirmation on broad indices, and a step-by-step swing setup in a discount-focused retailer using TradeZero charts, alerts, and closing-basis risk control.
The Fed’s meeting on September 16-17 was front and center. Markets largely expected a 25 basis point cut, and commentary/trends pointed toward more cuts later in the year.
Softer inflation signals, less-robust labor reports, and mixed economic data reinforced market expectations that the Fed will cut rates at its next policy meeting.