October 15, 2025

Markets

Stock futures rose Wednesday as a slate of stronger-than-anticipated earnings overshadowed worries about growing trade tensions with China.

Bank of America shares jumped 4% after the company posted third-quarter earnings and revenue that beat analyst expectations, thanks to strong investment banking revenue. That report comes after a spate of better-than-expected reports from Goldman Sachs and Wells Fargo, among others, on Tuesday.

Morgan Stanley also posted better-than-expected earnings, sending its shares higher by about 2%.

Trade fears led to a tumultuous session on Tuesday. The S&P 500 attempted to stage a comeback, but ultimately closed lower after President Donald Trump threatened China with a cooking oil embargo late in the session as retaliation for Beijing not buying U.S. soybeans. On Tuesday, the benchmark was up as much as 0.4% and down as much as 1.5%.

U.S.-listed shares of ASML were up more than 4% after the chipmaker equipment manufacturer said it expects 2026 sales to top those from 2025.

Portfolio:

Another day, another monster profit booked. Momentum continues to build as markets carve out higher lows and strengthen technically. We’re getting closer to unleashing the next round of trades as this setup develops. It’s honestly hard to watch how many are missing what’s unfolding right in front of them—there’s still a massive amount of cash sitting on the sidelines, and when that money starts chasing, the move will be explosive.

No changes needed to our current positions in ONDS, CDZI, and TSLL. The bulls reclaiming SPY 665 this quickly is remarkable and further confirms the 647–650 range as a solid short-term floor.

Volatility is back as global headlines swing sentiment—especially around the China trade deal—but we’ll continue using that to our advantage in the near term before the bigger breakout move arrives.

And let’s not forget: the tech revolution and AI cycle are entering Phase 2—the next major boom is underway. We love this headline today:  "AI is supposed to kill jobs. Instead, AI companies are hiring in droves, fueling a resurgence of Silicon Valley offices," per BI.  Few truly understand the cycle we are about to enter.