Hey there!

Welcome to The Investing Authority Newsletter.

Join our savvy investors sharing weekly market forecasts and recaps, delivered straight to your inbox. If you want to stay ahead of the trends be sure to subscribe now and be part of the action!

The Investing Authority specializes in helping companies enhance their visibility within the investment community through marketing, advisory, and partnership services. See more Here.

This Week’s Market Recap… 📊

Earnings season has officially started with over 100 companies reporting and 15% of the S&P 500 reporting this week. The biggest earnings surprise we got this week was with Tesla, Wednesday after the close. Tesla missed on revenue but beat on EPS by 19%. Musk in the earnings call Wednesday provided a very solid outlook for 2025, causing the share price to rise 20% in Thursday trading.

Other earnings releases this week remained positive. Currently companies seem to be in a strong position, with 70% of companies beating their estimates. Next week sets us up for this biggest week of earnings season as we get most tech stocks reporting, including Apple, Google, Microsoft, Meta, and Amazon. Next week of earnings will showcase an important view into how the economy is doing.

The market finally had a down week, as the first three trading days were all negative. As we started the week, there was a lot of reports mentioning the so called “Trump Trade.” The idea has been that Trump is in the lead for the election, and traders are positioning themselves for an eventual Trump victory.

This has been the idea as treasury yields rise above 4%. The 10-year yield hit 4.20% this week for the first time since late July. The rise in yields this week has contributed to the recent decline in stock prices.

As we position for next week, earnings will continue to be in full focus. The election will also be in full focus as we count down the days November 5th. There will also be a major focus on economic data, as next week we get GDP data, PCE data, and a Non-Farm Payrolls report. Next week will most likely be one of the most eventful weeks we have seen all year. It will be important to stay focused and stay optimistic!

Top ETFs on our Radar… 📈

Direxion Daily 20+ Year Treasury Bear 3x Shares

With treasury yields rising this week to over 4%, $TMV performed well. $TMV had its best week in months, rising 5% following the large increase in treasury yields.

Tune in every Monday and Friday for in-depth Market Analysis, Recaps, and a featured Stock & ETF.

Thanks for reading and have a great week!

-Ryan

@Theinvestingauthority