In today’s pre-mkt summary for Subscribers: Strong 3Q earnings/guidance from banks, $ASML(ASML.US) and $LVMH combined with increased conviction about another Fed rate cut on Oct 29 have reignited investors’ risk appetite; 10yrTY seem likely to break below the 4.0% barrier in the next few weeks as labor markets remain soft; stocks likely to price in a high probability of a U.S./China trade deal over the next few weeks; US govt shutdown enters its 15th day with no resolution in sight and investors apathetic; $Tesla(TSLA.US) continues to underperform broader benchmarks YTD as FY’26-FY’30 earnings ests come down and it becomes increasingly unlikely that safety monitors will be removed from Tesla’s 150 robotaxis operating in Austin and SFO by year-end.