Daily Market Brief: FOMC Recap, Key Earnings (COIN, LLY, AAPL, AMZN), and SPX Levels Ahead

$LLY $AMZN $COIN $AAPL

Hello traders,

Yesterday, we noted the FOMC’s challenges, which Powell confirmed in today’s press conference. The Russell 2000 and Dow reacted; the Nasdaq did not care. Key changes today trigger a new Global Liquidity Report (GLR) next week.

Fed Actions:

• Cut rates 25 bps to 3.75%–4.00%.

• It also decided to end balance sheet runoff effective December 1, 2025. After that date, the Fed will maintain its current portfolio size and stop allowing assets to mature without replacement.

Key Points:

• No official data, which means they may adjust decision later.

• High uncertainty; committee is divided—possible split in December.

• Jobs slowing (AI, automation, immigration are mostly the cause); layoffs could spike unemployment with less job openings.

• Powell estimates inflation ~2.3% without tariffs— he expects the impacts of tariffs to fade.

The Fed’s stance is now neutral. Employment suggests lower rates, while inflation points higher. Unless new data clearly change the outlook, the Fed will likely hold rates steady in December and pause further rate cuts. FED will be cautious instead of going full pivot into stimulus.

Now let’s look into the earnings for tomorrow and at the end of the letter, we’ll provide you SPX levels for tomorrow as well.

Let’s start with AMZN 0.00%↑