To The Moon

$S&P 500(.SPX)$ rose +7.99% in October, while $NASDAQ(.IXIC)$ increased +3.9%, Dow Jones $DJIA(.DJI)$ rose 13.95%. The Dow also recorded its best month in history. Some big events dominated the whole October, Fed's interest rates expectation should count the first. At the beginning of the month, the surprising non-farm payrolls of September, and the lowest unemployment rate in 50 years and the steady increase in hourly wages made the market feel frighterned, because the it raise the expectation of interest rates increasing; (Events of the first week of Oct) In the middle of the month, unexpectedly strong CPI data (especially core CPI) made the market reach its highest level of panic. The market was fully pricing-in 75 basis points, then it began to rebound. (Semptember CPI matters) At the end of the month, US GDP performed better than expected, made the market ease gradually and rebound further. (Previesly on FOMC Nov. Meeting) Display Interest Rate Matrix of CME Interest Rate Observation Tool Another big factor is Q3 earnings. Nearly half of the companies disclosed Q3 earnings in October, the growth rate of some big-technology giants has slowed down, made the market more cautious. On the other hand, manufacturing enterprises performed good due to recovery. Therefore, Nasdaq, leading by technology, performed relatively poor, while Dow Jones, with lots of manufacturing, performed stronger. How about Money Flows According to the S&P 500 index, funds have been flowing out in the first 10 months of this year, and the total outflow of funds from non-block transactions exceeds 35 billion US dollars. However, compared with previous months, October is also the month with the least outflow this year. The same for Nasdaq, which has outflowed more than 14 billion US dollars this year, but what's different , in October, was a net inflow of 200 million US dollars, which also showed the sentiment of"buy-the-dip". On Dow Jones' side, the outflow of non-block transactions exceeded $14 billion in the whole year, and although there was a big increase in October, there was still an outflow of $700 million. How sectors performed? In S&P 500 Index, the best performing industry are infrastructure agricultural, copper mine, oil and gas service, aviation, health hospital, agriculture, insurancpaper, oil and gas exploitation, home decoration, banking and so on. These are also the main industries to be restored at present. Several industry indexes, including real estate management, special financial services, REITs, leisure products, oil and gas exploration, power index, etc., have relatively poor returns this year. How stocks divided? The reason why the Dow can perform better is its outperformed weights, eg $Caterpillar(CAT)$$Chevron(CVX)$$Honeywell(HON)$$JPMorgan Chase(JPM)$Wait for the best performance. Of the 30 companies in the Dow, only$Microsoft(MSFT)$And$Verizon(VZ)$ have negative returns. The Nasdaq is just the opposite. The poor financial report of heavyweights dragged down the overall market, while$NASDAQ 100(NDX)$ There are also some Chinese stocks, and their weak performance has also had a certain impact on the market. The best performing companies are mainly in the medical industry$Intuitive Surgical(ISRG)$$Moderna, Inc.(MRNA)$$Gilead Sciences(GILD)$$Amgen(AMGN)$$Illumina(ILMN)$And the only big technology stocks that have performed well $Netflix(NFLX)$. Those who perform poorly include$Baidu(BIDU)$ $JD.com(JD)$ $NetEase(NTES)$$Pinduoduo Inc.(PDD)$$Docusign(DOCU)$$Match(MTCH)$Wait S&P is also affected by poor results of some big-tech,The performance is more comprehensive. Those who perform poorly include$Meta Platforms, Inc.(META)$$SVB Financial Group(SIVB)$$Generac(GNRC)$$Tesla Motors(TSLA)$$Edwards Lifesciences(EW)$$Amazon.com(AMZN)$$DaVita HealthCare Partners(DVA)$ The better performance is also travel and energy companies, including$DexCom(DXCM)$$Norwegian Cruise Line(NCLH)$$Halliburton(HAL)$$Royal Caribbean Cruises(RCL)$$Caesars Entertainment(CZR)$$United Continental(UAL)$$APA Corporation(APA)$ At present, the interest rate hike in November is imminent, and the market is still waiting for the Fed to release more signals and wait for the Fed's interest rate meeting on Thursday.