Market Wrap 2025-10-300:00/01× MARKET CONDITIONS * SNAPSHOT: Equities are down, Treasuries are down, Crude is flat, the Dollar is up, and Gold is up. * PREVIOUS TRADING DAY: Alphabet (GOOG) exceeded expectations; Microsoft (MSFT) provided mixed guidance; Meta (META) reported a profit miss; the US will reduce reciprocal and fentanyl
Earnings
1) Headline takeaways * DAU: 151.5M (+70% YoY) * Engagement: 39.6B hours (+91% YoY) * Revenue: $1.36B (+48% YoY) * Bookings: $1.92B (+70% YoY) * Paying users (MUP): 35.8M (+88% YoY) * DevEx paid to creators: $428M (+85% YoY), +250% vs 2 yrs ago 2) Core Brief read Roblox just printed
This snapshot compares short-term versus long-term performance on a risk-adjusted basis. The metric shows how much the near-term, volatility-adjusted return is deviating from the longer-run trend. Positive readings indicate short-term strength outpacing the long-term profile; negative values suggest the opposite. Assets are ordered by the latest reading; bodies show mean
This snapshot tracks 3-month rolling annualized returns across global indices, FX, and commodities. Assets are ordered by the latest reading; bodies show mean ±1σ while wicks span historical min–max. A red diamond marks today, and a hollow yellow dot highlights roughly one week ago. Use the selector to switch
markets
This dashboard condenses cross-asset behaviour into a simple risk lens. The first chart reads the day’s moves across equities, Treasurys, the dollar, oil, and gold, converts them into comparable scores, and averages them into a single "risk sentiment" bar that signals whether markets are leaning toward taking
This snapshot aggregates seven mean-reverted momentum/oscillator signals into a single z-score, then charts each series against its own history (μ, ±1σ, ±2σ) with a side histogram for context. The bar chart ranks the latest composite readings across assets on a fixed −2…+2 scale.
Today’s DeMark Diffusion™ – Global Markets snapshot distills major indices, commodities, and FX into a single composite alignment signal for a quick read on market heat. The opening chart orders assets by their latest signal; bodies show the mean ±1σ range while wicks capture the historical min–max, with a
Today’s DeMark Diffusion™ – S&P 500 Top & Bottom 10 highlights the most extended and most depressed names versus their own history using a composite alignment signal. The opening chart ranks the selected 20 by their latest reading; bodies show mean ±1σ while wicks capture the historical min–
Earnings
1) Headline quarter * Revenue +54% y/y vs Q3’24 — huge for a company this size. * Growth was driven by the GLP-1/twin incretin franchise (Mounjaro / Zepbound) plus newer launches. * Strength was broad enough that they raised 2025 guidance to $63.0–63.5B revenue and $23.00–23.70
Earnings
1) Headline * Alphabet posted its first-ever $100B+ quarter: $102.3B revenue, +16% y/y (15% cc). * AI is no longer a story, it’s a revenue engine across Search, Cloud, YouTube and Subscriptions. * Operating income $31.2B; margin 30.5% (would’ve been ~34% ex-EC fine). 2) AI is the
Earnings
1. Core print * Net revenue: up +15% y/y (cc). * Value Added Services & Solutions (VAS): up +22% y/y (≈19% organic, +3ppt from Recorded Future/Minoa). * Operating expenses: +14% (partly M&A, partly infra, products, marketing). * EPS: $4.38, helped by $3.3B buybacks (another $1.2B after
Earnings
1. Headline results * Revenue: $51.2B, +26% y/y (25% cc). * Operating income: $20.5B, 40% operating margin. * Net income was dragged by a one-time U.S. tax law charge; without it EPS would’ve been $7.25. * Family of Apps revenue: $50.8B, still the growth engine. * Cash &