Weekly U.S. Equity Macro Outlook Key Points (Oct 26 – Oct 30)

October 26 (Monday)

1. 22:30: U.S. October Dallas Fed Business Activity Index released.
2. ★★ Verizon reports earnings pre-market; Cadence Design Systems and Celestica report post-market.

October 27 (Tuesday)

1. 20:30: U.S. September Durable Goods Orders MoM (expected 1.5%, prior -0.10%); 22:00: October Conference Board Consumer Confidence (expected 81) and September New Home Sales, among others.
2. ★★★ Boeing, Corning, and Coca-Cola report pre-market.
3. ★★★ Seagate Technology, Visa, NXP Semiconductors, and Robinhood report post-market.

October 28 (Wednesday)

1. 22:30: U.S. EIA crude oil inventories for the week ended Oct 23 (expected draw of 340,000 barrels).
2. ★★★★★ Alphabet and Microsoft report post-market; focus on cloud growth and AI spending conversion.
3. ★★ GE Vernova and Vertiv report pre-market; ServiceNow, KLA, and Ford report post-market.

October 29 (Thursday)

1. ★★★★★ 02:00: Fed rate decision (expected to hold upper bound at 4.00%); 02:30: Chair Warsh press conference.
2. ★★★★ 20:30: Q3 GDP annualized advance (expected 3.2%) and September core PCE YoY (expected 3.10%), among other data.
3. ★★★★ Amazon, Intel, and SanDisk report post-market; Eli Lilly, Caterpillar, and Merck report pre-market.

October 30 (Friday)

1. 20:30: U.S. Q3 Employment Cost Index (expected 0.80%); 21:45: October Chicago PMI (expected 55.5).
2. ★★ Exxon Mobil, Chevron, and AbbVie report pre-market.

This week’s core U.S. equity themes center on the Fed decision and Warsh press conference, Q3 GDP and core PCE data, and the peak of mega-cap tech earnings from Alphabet, Microsoft, and Amazon, with elevated market volatility expected.