Pre-Bell 
Brief
Time: 2025-10-27 09:11 (ET)
Key Takeaway
• Futures lean higher on trade-deal hopes and a Big Tech earnings wave this week. [1]
• Markets also price a likely quarter-point Fed cut on Wednesday. [2]
• Some U.S. data may be delayed by the government shutdown: plan for proxies and headline whips. [3]
What Moved Overnight
• S&P 500 futures up about +0.8%, Nasdaq 100 +1.3% as Asia firmed and Europe mixed; crypto firmer. [4]
• Oil and gold softer while the 10-year hovers near 4.03%; vol edged lower. [4]
• DXY was roughly flat near 98.9 ahead of the Fed and earnings. [5]
How the Prior Session Closed
• SPX notched a record: +0.79% to 6,791.69 on cooler CPI. [6]
• IXIC outperformed: +1.13% to 23,204.87 with chips and software strong. [6]
• DJI cleared 47,000: +0.80%; breadth improved into the close. [6]
• Top SPX Winner: F (Ford Motor) +12.2% (Consumer Discretionary) [7]
• Bottom SPX Loser: DECK (Deckers Outdoor) −15.2% (Consumer Discretionary) [7]
TSP Stats
G-Fund Estimated Forward Returns • +0.0118% per session [8]
• 5 Sessions: +0.059% • November: +0.22% • 3 Months: +0.75% • 1 Year: +3.03%
FCSI Past-5 Sessions
• F-Fund +0.17% • C-Fund +1.93% • S-Fund +2.39% • I-Fund +0.97%
Today's 1st Hour of Trading, What to Watch For
• Can megacap beta extend futures strength without a dollar drop or yield pullback. [4]
• Early breadth vs. gap-and-fade: watch equal-weight and small caps for confirmation.
• Tape sensitivity to Fed-cut odds and any shutdown-related calendar slippage. [2][3]
Upcoming Headlines (5-Day Window, ET)
• 10/29 WED 14:00 — [Fed] FOMC policy decision: second cut debated. [11]
• 10/29 WED 14:30 — [Fed] Powell press conference: path of cuts and QT talk. [12]
• 10/27 MON 13:00 — [Auction] 2-yr and 5-yr notes; bills also slate this week. [13]
• 10/29 WED After Close — [Earnings] MSFT: cloud and AI run-rate in focus. [14]
• 10/30 THU After Close — [Earnings] AAPL: iPhone 17 mix and Services growth. [15]
Disclaimer: Any resemblance to actual outcomes is purely coincidental.
• Powered by AI-Intela: Sometimes thinking hard, sometimes hardly thinking.
▶ Citation Block
[1] 2025-10-27: Reuters: “Wall St futures at record highs on US-China trade deal hopes”
[2] 2025-10-27: Reuters: “Fed poised to cut rates this week, with more easing likely on tap”
[3] 2025-10-24: Reuters: “White House says October inflation data unlikely to be released next month”
[4] 2025-10-27: Barron’s: “S&P 500 futures climb in premarket trading”
[5] 2025-10-27: MarketWatch: “U.S. Dollar Index (DXY) — chart”
[6] 2025-10-24: MarketWatch: “Stocks close at record highs after CPI report”
[7] 2025-10-24: Investopedia: “Markets News, Oct. 24, 2025: Ford tops S&P 500; Deckers drops”
[8] 2025-10-24: TSPtalk: “TSP share price history: G/F/C/S/I”
[11] 2025-10-27: Federal Reserve: “FOMC calendar: Oct. 28–29, 2025”
[12] 2025-10-27: XTB: “Economic calendar: Fed decision and press conference timing”
[13] 2025-10-27: US500: “Upcoming Treasury auctions: notes and bills”
[14] 2025-10-27: Microsoft IR: “https://www.microsoft.com/en-us/investor/default]Next earnings release: Oct. 29, 2025[/url]”
[15] 2025-10-27: Apple IR: “Apple Q4 FY25 results: Oct. 30, 2025”
BriefTime: 2025-10-27 09:11 (ET)
Key Takeaway• Futures lean higher on trade-deal hopes and a Big Tech earnings wave this week. [1]
• Markets also price a likely quarter-point Fed cut on Wednesday. [2]
• Some U.S. data may be delayed by the government shutdown: plan for proxies and headline whips. [3]
What Moved Overnight• S&P 500 futures up about +0.8%, Nasdaq 100 +1.3% as Asia firmed and Europe mixed; crypto firmer. [4]
• Oil and gold softer while the 10-year hovers near 4.03%; vol edged lower. [4]
• DXY was roughly flat near 98.9 ahead of the Fed and earnings. [5]
How the Prior Session Closed• SPX notched a record: +0.79% to 6,791.69 on cooler CPI. [6]
• IXIC outperformed: +1.13% to 23,204.87 with chips and software strong. [6]
• DJI cleared 47,000: +0.80%; breadth improved into the close. [6]
• Top SPX Winner: F (Ford Motor) +12.2% (Consumer Discretionary) [7]
• Bottom SPX Loser: DECK (Deckers Outdoor) −15.2% (Consumer Discretionary) [7]
TSP StatsG-Fund Estimated Forward Returns • +0.0118% per session [8]
• 5 Sessions: +0.059% • November: +0.22% • 3 Months: +0.75% • 1 Year: +3.03%
FCSI Past-5 Sessions
• F-Fund +0.17% • C-Fund +1.93% • S-Fund +2.39% • I-Fund +0.97%
Today's 1st Hour of Trading, What to Watch For• Can megacap beta extend futures strength without a dollar drop or yield pullback. [4]
• Early breadth vs. gap-and-fade: watch equal-weight and small caps for confirmation.
• Tape sensitivity to Fed-cut odds and any shutdown-related calendar slippage. [2][3]
Upcoming Headlines (5-Day Window, ET)• 10/29 WED 14:00 — [Fed] FOMC policy decision: second cut debated. [11]
• 10/29 WED 14:30 — [Fed] Powell press conference: path of cuts and QT talk. [12]
• 10/27 MON 13:00 — [Auction] 2-yr and 5-yr notes; bills also slate this week. [13]
• 10/29 WED After Close — [Earnings] MSFT: cloud and AI run-rate in focus. [14]
• 10/30 THU After Close — [Earnings] AAPL: iPhone 17 mix and Services growth. [15]
Disclaimer: Any resemblance to actual outcomes is purely coincidental.• Powered by AI-Intela: Sometimes thinking hard, sometimes hardly thinking.
▶ Citation Block
[1] 2025-10-27: Reuters: “Wall St futures at record highs on US-China trade deal hopes”
[2] 2025-10-27: Reuters: “Fed poised to cut rates this week, with more easing likely on tap”
[3] 2025-10-24: Reuters: “White House says October inflation data unlikely to be released next month”
[4] 2025-10-27: Barron’s: “S&P 500 futures climb in premarket trading”
[5] 2025-10-27: MarketWatch: “U.S. Dollar Index (DXY) — chart”
[6] 2025-10-24: MarketWatch: “Stocks close at record highs after CPI report”
[7] 2025-10-24: Investopedia: “Markets News, Oct. 24, 2025: Ford tops S&P 500; Deckers drops”
[8] 2025-10-24: TSPtalk: “TSP share price history: G/F/C/S/I”
[11] 2025-10-27: Federal Reserve: “FOMC calendar: Oct. 28–29, 2025”
[12] 2025-10-27: XTB: “Economic calendar: Fed decision and press conference timing”
[13] 2025-10-27: US500: “Upcoming Treasury auctions: notes and bills”
[14] 2025-10-27: Microsoft IR: “https://www.microsoft.com/en-us/investor/default]Next earnings release: Oct. 29, 2025[/url]”
[15] 2025-10-27: Apple IR: “Apple Q4 FY25 results: Oct. 30, 2025”
