Bitget UEX Daily Report | Nasdaq leads tech rally; consumer confidence rebounds notably; Fed decision to be unveiled soon

I. Selected Hot News

US Economy | Core Capital Goods Orders Grow, Equipment Investment Maintains Resilience

In September, US core capital goods orders excluding defense and airplanes grew 0.5% month-on-month, with corresponding shipments increasing by 1.2%. Orders reflect future demand, while shipments are more directly linked to current equipment investment.

Market Impact: Corporate investment remains supported, boosting revenue expectations for industrial equipment and certain tech supply chains; however, this does not imply simultaneous improvement across all sectors. Future developments will show whether order growth translates into sustained shipments and cash collections.

Consumer Sentiment | October Consumer Confidence Rises to 91.7

The Conference Board reported that the US Consumer Confidence Index rose to 91.7 in October, up from a revised 84.2 in September. The Expectations Index stood at 72.6, indicating an overall recovery in sentiment, though outlooks remain relatively cautious.

Market Impact: Improved confidence helps alleviate concerns over a rapid downturn in consumer spending. For retail, travel, and consumer finance, the next step is to monitor actual spending and repayment performance; sentiment data alone does not mean consumption has accelerated.

Monetary Policy | Fed Decision and Tech Earnings Enter a Dense Window

The Fed's meeting took place on Oct. 27–28 US time. The decision will be announced at 02:00 Beijing Time on Oct. 29, followed by a press conference at 02:30. Microsoft and Alphabet will also release earnings after market close on Oct. 28 US time.

Market Impact: Interest rate trajectories and AI investment returns will be tested simultaneously. Markets will look beyond policy decisions to assess alignment between central bank guidance, cloud business growth, capital expenditures, and free cash flow.

II. Market Review

Commodities and Forex Performance

Oil prices remain at elevated levels, warranting continued attention to the impact of energy costs on inflation and corporate margins. With US Treasury yields nearing 5%, tech valuations remain sensitive to rate signaling even if equities rise; gold prices require monitoring both the US dollar and real yield movements. These are snapshot quotes and should not be used to determine intraday directional trends.

Cryptocurrency Performance

BTC: ~$80,683.13 USDT, up 0.50% over 24 hours.

ETH: ~$2,344.60 USDT, up 0.63% over 24 hours.

Crypto Market Cap: ~$2.72 trillion, down 2.00% over 24 hours; updated at 09:01 Beijing Time.

BTC | Liquidation Zone Observation

Potential short liquidation concentration zones are observed around $81,200–$81,700 above, roughly 0.77%–1.39% away from the current price; potential long liquidation concentration zones lie around $78,700–$79,300 below, approximately 1.59%–2.34% away. The upper zone is currently closer. If prices continue to rally, volatility from short leverage unwinding should be monitored.

ETH | Liquidation Zone Observation

Potential short liquidation concentration zones are observed around $2,365–$2,380 above, roughly 1.00%–1.64% away; potential long liquidation concentration zones lie around $2,275–$2,305 below, approximately 1.57%–2.85% away. The nearer upper zone is closer, but proximity to liquidation levels alone does not confirm breakout direction.

Institutional Holding Cost | BTC

A Glassnode estimate released on Oct. 21 (tracking corporate BTC treasury holdings as of Oct. 19) indicates a blended cost basis of approximately $80,200, with the current price trading about 0.48% higher. Strategy disclosed on Oct. 26 that it held 848,517 BTC as of Oct. 25, with an average all-in cost basis of ~$75,446, placing the current price roughly 6.81% above its cost; these figures merely represent unleveraged price-to-cost differentials.

Key Trading Takeaway

For BTC, initially monitor price action between the ~$80,200 cost reference and the liquidation zone above $81,200; if it drops below cost, watch the potential long liquidation zone at $78,700–$79,300. The cost reference and lower zones are closely aligned but do not constitute verified support. For ETH, focus on whether sustained trading can hold around $2,365–$2,380.

Major US Stock Index Performance

Nasdaq clearly leads gains, while Dow Jones approaches flat close, highlighting that this rally is concentrated in technology and growth sectors. With policy catalysts and earnings reports approaching, subsequent market action will depend on whether this momentum broadens to other sectors.

Tech Magnificent Seven Performance

The Magnificent Seven collectively posts 5 advances, 2 declines, with Tesla leading gains while Meta retreats. With Microsoft and Alphabet earnings approaching, cloud service growth rates and profitability realization on AI investments will be key divergence drivers.

Sector Movement Watch

FinTech: SoFi rises 13.42%, releasing quarterly results alongside an upward revision to full-year guidance. Market focus is shifting further from user growth toward profitability and monetization.

Logistics: UPS rises 5.75%; quarterly results provide insight into pricing, business mix, and operational efficiency, though separating revenue growth from actual shipment volume changes remains necessary.

Crypto-linked Equities: Coinbase rises 0.93%, Strategy gains 1.13%. Closing equity prices and spot snapshots of 24/7 crypto assets occur at different timestamps and cannot be treated as synchronized reactions.

III. In-Depth Analysis of Key US Stocks

SoFi | Profit Growth Drives Business Fulfillment Expectations

Event Overview: SoFi reported Q3 earnings on Oct. 27, closing at $16.40, up 13.42%. Adjusted net revenue reached ~$1.4 billion, up 44% YoY; GAAP net profit was ~$241 million, with the company raising its full-year guidance.

Market Interpretation: Revenue expansion coupled with sustained profitability improves visibility into business execution. Whether the stock can maintain its bullish momentum depends on aligning growth quality with credit costs.

Investment Takeaway: Monitor revenue contribution from new users, loan performance, and guideline execution progress. Quarterly growth rates should not be linearly extrapolated to future quarters.

UPS | Rises Post-Earnings, Focus on Unit Revenue and Efficiency

Event Overview: UPS released Q3 earnings on Oct. 27, with shares closing at $106.09, up 5.75%. Quarterly revenue hit $22.9 billion; adjusted EPS was $1.69; US business unit revenue grew 6.1% YoY.

Market Interpretation: Improvements in unit revenue help cushion operating cost pressures, but contributions may stem from pricing power and business mix. Whether revenue gains align with recovering package demand requires separate validation.

Investment Takeaway: Watch peak season shipment volumes, adjusted profit margins, and cash flow realization to assess the sustainability of earnings improvements.

Robinhood | After-Hours Earnings Show Revenue Growth Amid Crypto Headwinds

Event Overview: Robinhood reported Q3 earnings after market close on Oct. 27 US time: net revenue of $1.42 billion (+12% YoY); cryptocurrency revenue of $120 million (-55% YoY); GAAP net profit of $476 million (-14% YoY).

Market Interpretation: Total revenue growth coexists with a weakening crypto segment, highlighting reliance on alternative income streams. Released post-close, the announcement's market reaction cannot be explained by intraday trading activity.

Investment Takeaway: Monitor whether crypto trading activity rebounds and if emerging business growth can offset cost structures and profitability pressures.

IV. Market & Project Developments

Broadcom Related AI Financing | $63B Structure Supports Future Compute Deployment

Bank of America, Blackstone, Citi, and Morgan Stanley announced a $63 billion financing deal on Oct. 26. Through a newly established SPV, the syndicate will acquire Broadcom’s XPU accelerators and networking solutions and lease them to Anthropic, with deliveries expected to begin in 2027.

This arrangement enhances visibility into financing for future compute deployments, but total financing volume does not equate to recognized revenue. Subsequent tracking should focus on how delivery schedules, client utilization, and salvage value support mechanisms impact risk allocation.

Robinhood International Expansion | Dubai Operations Authorized, Planned Launch in 2027

Robinhood disclosed obtaining authorization from Dubai's Financial Services Authority, covering trading and custody for ten approved asset classes including equities and crypto assets, with a phased product rollout planned for 2027.

Regulatory approval creates conditions for regional expansion, though actual revenue contributions will depend on launch timelines, customer acquisition, and local operations.

V. Today's Market Calendar

The table below covers tonight's US equity trading session and extends into early morning Beijing Time for key events. Attention ratings are editorial assessments.

Key Event Outlook: Start with the Fed's assessment of growth, inflation, and subsequent policy stance, then evaluate whether tech earnings can deliver sufficient profit growth to absorb financing costs and capex. For crypto assets, monitor shifts in critical liquidation zones before and after macro data releases.

Institutional Viewpoint: The Conference Board's Oct. 27 survey reveals that while confidence is rebounding, consumers remain focused on inflation and plan to trim spending on select services and durables over the next six months. This signals to the market that sentiment recovery and tangible demand improvement should be validated separately.

This article provides market information and research observations only and does not constitute investment advice.