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1966 contributions to Invest & Retire Community
Big Bank Earnings Season Kicks Off Amid Higher Rates and Softening Consumer
Major U.S. banks (JPMorgan, Goldman Sachs, Citigroup, Wells Fargo on Oct 13; Bank of America and Morgan Stanley the next day) begin reporting Q3 results. Consensus expects solid overall S&P 500 earnings growth of ~30%+, heavily driven by tech/AI, but banks face scrutiny on net interest income, investment-banking fees (some guidance already soft on IB), credit quality, and the impact of the recent spike in Treasury yields. At the same time, University of Michigan preliminary consumer sentiment fell to 46.3 (five-month low), with the current-conditions index hitting a record low of 44.7 as inflation expectations ticked up to 4.7% one-year ahead. Why it matters: Higher rates (the same yield move that hit AI stocks and crypto last week) directly affect bank funding costs, loan demand, and deal activity, while weak consumer data raises questions about whether the broader economy can support the earnings narrative that has kept equities near records.
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2 likes • 22h
@Rong Zhou thanks for sharing
2 likes • 22h
Another earnings session kicking off
SpaceX planning on becoming a major US mobile carrier
AT&T, Verizon and T-Mobile stocks all crash over 7% after Elon Musk's SpaceX (SPCX) announces plans to turn Starlink into a major US mobile carrier. In a recent tweet, Musk said "This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy". Now that is crazy.
3 likes • 3d
@Lifang Deng indeed
1 like • 22h
@Sam Sam I think I will have to at some point.
Everyone wants tech stocks right now.
Investors have never been more bullish on Big Tech: Hedge fund total US net exposure to Magnificent 7 stocks is up to 22%, its highest on record. This figure has surged +7 percentage points since July, its largest 3-month increase since 2023. This is now above the 21% peak recorded in June 2024. By comparison, at the 2022 bear market low, net exposure to the Magnificent 7 was just 8%. Meanwhile, hedge fund total US net exposure to semiconductor stocks is up to 12%, just below the 14% peak recorded in June 2026. For perspective, this metric stood at just 2% at the start of 2025.
Everyone wants tech stocks right now.
2 likes • 22h
I think in an AI age, large tech stocks will always be dominant.
Need your opinion about the stress of trading.
Nobody tells you how heavy it can get. One minute you’re up and feeling unstoppable. The next, a candle flips and you’re staring at the screen with a knot in your stomach, second-guessing every decision you made. The charts are the easy part. The hard part is managing your head while watching a green day turn red in minutes; Fighting the urge to revenge trade after a loss;Carrying a bad trade into dinner, into sleep, into the next days, weeks or months. Trading is one of the few things where you can do everything right and still lose, and that’s mentally exhausting. I handle it by stepping away for a few days and ensuring I do something totally unrelated to trading . I’m curious how the rest of you handle it: Do you step away from the screen like I do after a loss? Does exercise, meditation, or journaling help? What’s the one habit that keeps you level-headed? I would love to learn what works for you guys
4 likes • 3d
@Sharon Yuen I agree with the principle of risk management; limiting risk to 1-2% of the account per trade is solid advice for most trading styles. However, with options (especially defined-risk strategies like credit spreads, iron condors, or debit spreads), you typically don’t use a traditional hard stop-loss the same way stock or futures traders do. Instead, you implement a predefined exit strategy based on: - Percentage of max profit (e.g. close at 50% of max profit) - Percentage of max loss (e.g. close if the position reaches 1.5x–2x the credit received) - Technical levels or time-based exits (e.g. close before expiration or when price hits a key level) - Adjustments rather than outright stops As the maximum loss is already defined when you enter the trade (especially with defined-risk options strategies), the 1–2% rule is applied at the position-sizing stage rather than through a traditional stop-loss order. So while the risk-management mindset is the same, the execution is different with options.
1 like • 2d
@Sam Sam rms? rules management etc? Every option strategy requires its own discipline and rules. You might consider macro, market trend, earnings, dividend due, delta, IV, performance of a particular stock, technical picture, strike, duration of contract (weekly or monthly; slightly longer for spreads, exit strategy, etc...eg if a stock is moving up rapidly, a covered call might be dangerous unless you purely seek income and you are happy to have the shares sold. Not sure if that helps
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Lindsay Talbot
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21,820 points to level up
@lindsay-talbot-4052
Retired investor, AI enthusiast

Active 8h ago
Joined Jan 13, 2023
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