Bitget UEX Daily | Nasdaq Leads Tech Rally; Consumer Confidence Rebounds Clearly; Fed Decision Nears

I. Top News Highlights

U.S. Economy | Core Capital Goods Orders Grow, Equipment Investment Remains Resilient

U.S. September nondefense, excluding aircraft core capital goods orders rose 0.5% month-over-month, with related shipments up 1.2%. Orders reflect future demand, while shipments are more directly linked to current equipment investment.

Market Impact:Corporate investment remains supported, benefiting revenue expectations for industrial equipment and parts of the technology supply chain; however, this does not imply that demand across all industries is improving in tandem. Going forward, watch whether order growth can translate into sustained shipments and cash collections.

Consumer Sentiment | October Consumer Confidence Rises to 91.7

The Conference Board reported that the U.S. consumer confidence index rose to 91.7 in October, with the revised September value at 84.2. The expectations index was 72.6, indicating an overall improvement in sentiment but relatively cautious forward-looking judgment.

Market Impact:Improved confidence helps ease concerns about a sharp deterioration in consumption. For retail, travel, and consumer finance, the next step still depends on actual spending and repayment performance; sentiment data alone does not mean consumption has already accelerated.

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

The Federal Reserve's current meeting will be held on October 27–28 U.S. time, with the decision to be released at 02:00 Beijing time on October 29 and a press conference at 02:30.MicrosoftandAlphabetwill also report earnings after the U.S. market close on the 28th.

Market Impact:The rate path and AI investment returns will be tested at the same time. The market will not only focus on the policy decision but also compare whether the central bank's stance, cloud business growth, capital expenditures, and free cash flow are consistent.

II. Market Review

Commodities and FX Performance

Oil prices remain at elevated levels, and the impact of energy costs on inflation and corporate profit margins warrants continued attention. U.S. Treasury yields near 5% mean that even if tech stocks rise, valuations remain sensitive to interest-rate guidance; gold requires simultaneous observation of changes in the dollar and real yields. The above is a quote snapshot and should not be used to judge the day's direction.

Cryptocurrency Performance

• BTC：around 80,683.13 USDT, up 0.50% in 24 hours.
• ETH：around 2,344.60 USDT, up 0.63% in 24 hours.
• Total cryptocurrency market cap:around $2.72 trillion, down 2.00% in 24 hours; this item was updated at 09:01 Beijing time.

BTC | Liquidation Zone Watch

A more prominent short-side potential liquidation cluster above is around $81,200–$81,700, about 0.77%–1.39% from the current price; the long-side potential liquidation cluster below is around $78,700–$79,300, about 1.59%–2.34% away. It is currently closer to the upper zone; if prices continue to rise, watch for volatility from short deleveraging.

ETH | Liquidation Zone Watch

A more prominent short-side potential liquidation cluster above is around $2,365–$2,380, about 1.00%–1.64% away; the long-side potential liquidation cluster below is around $2,275–$2,305, about 1.57%–2.85% away. The near end of the upper zone is closer, but proximity to a liquidation zone itself cannot confirm the breakout direction.

Institutional Cost Basis | BTC

Glassnode published on October 21 an estimated aggregate cost basis of about $80,200 for tracked corporate BTC treasuries as of October 19; the current coin price is about 0.48% above it. Strategy disclosed on October 26 that, as of October 25, it held 848,517 BTC with an average cost including fees of about $75,446; the current coin price is about 6.81% above its cost. These percentages only indicate the unlevered difference between the coin price and the cost basis.

One-Line Market View

For BTC, first watch performance between the cost reference near $80,200 and the liquidation zone above $81,200; if it falls back below cost, then watch the potential long liquidation zone at $78,700–$79,300. The cost reference is close to the lower zone but does not constitute a confirmed support; for ETH, focus on whether trading can persist around $2,365–$2,380.

Major U.S. Stock Index Performance

The Nasdaq led clearly, while the Dow was nearly flat, indicating that this rally has been more prominent in technology and growth sectors. With policy and earnings catalysts approaching, watch whether the gains can broaden into more industries.

Magnificent Seven Performance

Magnificent Seven total5 up, 2 down, Tesla led the gainers, while Meta pulled back. Microsoft and Alphabet earnings are approaching; cloud service growth and profit realization from AI investment will be important observations for the next round of divergence.

Sector Movement Watch

Fintech:SoFi rose 13.42%, disclosing quarterly results in the same period and raising full-year guidance. Market focus is extending from user growth further to profitability and business monetization.

Logistics and Transportation： UPSrose 5.75%; quarterly results provide a window into pricing, business mix, and operational efficiency, though revenue growth still needs to be distinguished from changes in actual shipment volumes.

Crypto-Related Stocks: Coinbaserose 0.93%, and Strategy rose 1.13%. Individual stock closing performance differs from the snapshot timing of 24/7-traded crypto assets and cannot be directly treated as a synchronized reaction.

III. In-Depth Analysis of Key U.S. Stocks

SoFi | Earnings Growth Drives Expectations for Business Realization

Event Overview:SoFi reported third-quarter results on October 27, closing at $16.40 and rising 13.42%. Quarterly adjusted net revenue was approximately $1.4 billion, up 44% year over year; GAAP net income was approximately $241 million, and the company raised its full-year guidance.

Market Interpretation:Revenue expansion and sustained profitability together improved visibility into business realization. Whether the stock can continue its strength depends on whether growth quality and credit costs remain aligned.

Investment Takeaway:Focus on the revenue contribution of new users, loan performance, and guidance execution progress. A quarterly growth rate should not be directly extrapolated to all future quarters.

UPS | Rose After Earnings; Watch Revenue per Unit and Efficiency

Event Overview:UPS reported third-quarter results on October 27, with its share price closing at $106.09, up 5.75%. Quarterly revenue was $22.9 billion, adjusted EPS was $1.69; U.S. revenue per piece rose 6.1% year over year.

Market Interpretation:Improving revenue per unit helps cushion operating cost pressure, but its contribution may come from pricing and business mix. Whether revenue improvement is accompanied by a recovery in parcel demand still needs to be verified separately.

Investment Takeaway:Watch peak-season shipment volumes, adjusted margins, and cash flow realization to assess whether the earnings improvement is sustainable.

Robinhood| After-Hours Earnings Show Revenue Growth While Crypto Business Faces Pressure

Event Overview:Robinhood disclosed third-quarter results after the U.S. market close on October 27: net revenue was $1.42 billion, up 12% year over year; crypto revenue was $120 million, down 55% year over year; GAAP net income was $476 million, down 14% year over year.

Market Interpretation:Total revenue growth coexisted with weaker crypto business, reflecting support from other businesses. The announcement was released after the regular close, so its market reaction cannot be explained by the day's regular trading performance.

Investment Takeaway:Watch whether crypto trading activity can recover and whether new business growth can cover cost and profitability pressure.

IV. Market and Project Developments

BroadcomRelated AI Financing | $63 Billion Structure Supports Future Compute Deployment

Bank of America、Blackstone、CitigroupandMorgan Stanleyannounced a $63 billion financing transaction on October 26, purchasing Broadcom's XPU accelerators and networking solutions through a newly established SPV and leasing them toAnthropic, with deliveries expected to begin in 2027.

The arrangement improves financing visibility for future compute deployment, but financing scale is not equal to recognized revenue. Subsequent tracking should focus on deliveries, customer usage, and the impact of residual value support arrangements on risk allocation.

Robinhood International Expansion | Dubai Business Authorized; Launch Planned for 2027

Robinhood disclosed that it has obtained DubaiFinancial ServicesAuthority approval covering trading and custody for ten categories of permitted assets, including equities and crypto assets, with products planned for gradual rollout in 2027.

Regulatory access creates conditions for regional expansion, but actual revenue contribution still depends on launch progress, customer acquisition, and local operations.

V. Today's Market Calendar

The table below covers the U.S. stock trading session tonight and important events extending into early tomorrow morning Beijing time. Attention levels are editorial assessments.

Key Event Preview:First watch the Fed's assessment of growth, inflation, and subsequent policy, then see whether tech earnings can provide enough profit growth to absorb financing costs and capital expenditures. For crypto assets, watch whether key liquidation zones change before and after macro announcements.

Institutional Views:The Conference Board’s October 27 survey showed that while confidence is recovering, consumers remain concerned about inflation and plan to cut some spending on services and durable goods over the next six months. This suggests that markets should separately verify sentiment recovery and actual demand improvement.

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

Source: 深潮 TechFlow