Tracking 49 Signals Across 11 Portfolio Investment Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
Iran Concerns Weigh on Stocks as Tech Steadies to End a Volatile Week
Brent topped $116 and stocks pulled back on fears of renewed U.S.-Iran hostilities after the midterm elections. For the week, small caps led with the Russell 2000 up 2% while the S&P 500 and Nasdaq slipped.
Weekly Roundup: Renewed AI Concerns Weigh on the Market and Portfolio
We added to six holdings, and upgraded and lifted a price target on another as favorable AI data conflicted with market emotion.
Sticking With This American Express Price Target
Improving membership benefits and driving cost out of the business remains a winning recipe.
Oil Up Again Ahead of Flash October Inflation Data: 8 Key Items Shaping the Stock Market Friday
Amex delivers, OpenAI’s capital raise and a potential one for Meta. Plus other headlines moving the market this morning.
TGIF – Friday’s Calendar
US economic data closes out the week with October’s flash S&P Global PMIs, final University of Michigan consumer sentiment and the Kansas City Fed’s services survey.
The Fed remains in its blackout period ahead of next week’s October 27–28 FOMC meeting.
No non-Bill (>1yr in maturity) US Treasury auctions.
Q3 earnings season continues with one S&P 500 component, American Express ($AXP).
Ex-US highlights are global flash PMIs, ECB consumer expectations survey, UK October GfK consumer confidence, September retail sales, Japan September national CPI, and Canada August retail sales.
From Christophe Barraud’s international Week Ahead rundown:
AI Selloff Gains Steam Hiding Solid Market Action Beneath the Surface
Worries about the sustainability of the AI trade surfaced once again, driving down a swath of related stocks, but other stocks rallied as Treasury yields dropped the most since August 2025, seeing equal-weight vs cap-weight the most extreme since 2024.
Chart of the Day: American Express Shows Some Life
The big credit card company now has a solid low in place.
The Week Ahead: The Rotation Continues
AI worries are pressuring Tech and sending yields lower as we embark on a heavy earnings week including several names in the cross-hairs.
Tracking 39 Fresh Portfolio Signals Across 10 Investing Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.