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https://www.challeng...ost-cutting-ai/

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Definitely, FED has to cut after that CHALLENGER report. While I bullish now I am not sure the SANTA RALLY will start before FED meeting.  POWELL should go out on a positive note instead of his puzzling resistance and hesitation.  I do not have confidence in him. 

FUNDSTRAT: "even with the recent declines, Head of Research Tom Lee expects that November will be an up month for stocks, especially once investors are done climbing this wall of worry that includes everything from the government shutdown to the result of the New York City mayoral race and private credit stress.

“Keep in mind that worries, especially walls of worries, eventually get resolved, and then they become tailwinds,” Lee said. 

He expects that there will be a couple choppy weeks in the beginning but then a rally later in the month. 

He likes that third-quarter earnings show that margins are expanding for seven out of 11 sectors, a welcome surprise for those who had thought that margins would collapse by this quarter because of tariffs.  

He also said this week that the AI supercycle remains alive and well. 

Newton’s in agreement with Lee there. “For those worried about a larger correction, you need to see evidence of that in stocks like Nvidia, Apple, Alphabet, and Tesla, and they all still look very, very good,” he said. “So it’s tough to make too bearish a case.”