This Week’s US Equity Macro Outlook (Oct 19 – Oct 23)
2026/10/18 13:00
October 19 (Monday)
- US October NAHB Housing Market Index released at 22:00 (Beijing time);
- German Chancellor Merz meets NVIDIA CEO Jensen Huang in the evening to discuss Germany’s AI industrial computing power cooperation.
October 20 (Tuesday)
- US September New Home Starts (annualized) and Building Permits at 20:30; US September Existing Home Sales Index at 22:00;
- ★★★★ NVIDIA GTC AI Conference opens in Berlin (runs through October 22);
- GE Aerospace, RTX, 3M, and General Motors report earnings pre-market;
- ★★★★ SpaceX reports its second post-IPO earnings after market close; Netflix also reports after market close.
October 21 (Wednesday)
- US EIA Crude Oil Inventories (week ending October 16) released at 22:30;
- ★★★★★ Jensen Huang delivers GTC keynote from 17:00–19:00 Beijing time (focus: European sovereign AI, enterprise AI infrastructure, intelligent agents, inference deployment, and robotics);
- IBM and AT&T report earnings pre-market;
- ★★★★★ Tesla, Meta, Lam Research, and Texas Instruments report after market close (Meta earnings call at 04:30 Thursday; Tesla Q&A livestream at 05:30 Thursday);
- US Treasury Secretary Bessent and investor Druckenmiller attend the J.P. Morgan–Robinhood Investors Conference in New York (closed to media).
October 22 (Thursday)
- US Treasury conducts 20-year bond auction (demand may affect Treasury yields and spill over to tech growth stocks and gold);
- NVIDIA GTC Berlin conference enters its final day;
- Nokia reports at noon Beijing time; Spotify, American Airlines, and others report pre-market;
- ★★★★ Bloom Energy, Western Digital, and Newmont report after market close.
October 23 (Friday)
- US October S&P Global Manufacturing and Services PMI flash at 21:45; University of Michigan Consumer Sentiment Index and 1-year inflation expectations final at 22:00;
- ★★★ American Express reports Q3 earnings pre-market (earnings call at 20:30 Beijing time).
This week’s US equity core themes center on the NVIDIA GTC Berlin conference and Jensen Huang’s keynote, the concentrated Q3 earnings from Meta, Tesla, SpaceX and other tech giants, US housing data, and PMI/inflation expectations, with elevated market volatility expected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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