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Welcome Back,

Big week ahead with PPI, CPI and bank earnings to kick off.

Market Headlines 👀 

• Alphabet (GOOGL) announces new generative AI capabilities geared for clinicians and doctors.

• Jp Morgan, BlackRock (JPM, BLK) few major banks and institutions share there Q4 outlooks for the markets.

• Oil prices rise 5%+ after events that took place in Iran over this weekend.

• Tesla (TSLA) sales in China one of its major markets fall 11% YoY.

• Tesla (TSLA) cuts Model Y and Model X prices once again in the US.

• Amazon (AMZN) increases front line workers pay in UK and is looking to hire 15,000 employees ahead of the holidays.

• China plans to increase its computing power capability by 50% by 2025 as AI race heats up.

A Note From Ryse

The Next Smart Home Staple

Where were you when Amazon acquired Ring for $1B? Or when Google bought Nest for a cool $3.2B?

Hopefully, you were invested in those promising startups. But for those that missed out, the next groundbreaking Smart Home innovation has arrived 一 RYSE.

Their automated window shade tech is now launching in Best Buy stores, and is poised to dominate the fast-growing Smart Shades market. They’ve also just launched a new investment round and their share price has already grown 25% from their last round!

The Smart Shades race is on, and RYSE is in pole position due to their:

Unmatched Features: RYSE has the only retrofit design to motorize existing window shades, and can be seamlessly controlled by voice, smartphone, or schedule.

Smart Price: Priced at $169 vs. competitors’ pricing of up to $1,000 per window, RYSE is uniquely positioned to bring luxury window shades to every home and business.

The exclusive public offering closes this month - learn more here.

Earnings 💸

• No major earnings to report today! But earnings season kicks off with major banks reporting this Friday!

  S&P 500 Heat Map

Recap Around the Street 🧠

We get PPI on Wednesday ahead of CPI on Thursday. PPI expected 0.3% m/m (0.2% core). PPI could result in some last minute changes to CPI estimates. Energy expected to contribute to higher headline for both PPI and CPI. CPI core could be creeping back up to 3-4% annualized inflation, well above 2% long term target, per Bloomberg. A key driver for the upturn in core could come from goods inflation (autos, durables). Airfare could surprise to the downside.(Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Investors will be paying more attention to forward guidance as the bulk of calendar year earnings are generated in the fourth quarter. This week we hear from banks with downbeat expectations over rising loan loss reserves due to deteriorating credit as well as slower banking and trading revenue.(Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Market Preview 🎞️

• Tuesday, October 10th: NFIB small business optimism; Wholesale inventories

• Wednesday, October 11th: MBA mortgage applications; Price producer index (PPI); September FOMC meeting minutes

• Thursday, October 12th: Weekly jobless claims; Consumer price index (CPI);

• Friday, October 13th: University of Michigan sentiment

• Friday earnings: JP Morgan (JPM), Blackrock (BLK), Citigroup (C), Wells Fargo (WFC), United Health Group (UNH), and PNC Financial (PNC)

• —> Markets commentary by CIO of 3D/L capital Benjamin Lavine.

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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