After raising rates 25bp in September, the Fed held on Oct. 28. The statement said "inflation remains elevated" and "economic activity has been expanding at a solid pace." Oil plunged on Nov. 4, but whether the Fed responds depends on Iran. Markets are partly pricing in a further hike in December.

After raising rates to 2.75% in July and 3.00% in August, the Monetary Policy Board held at 3.00% on Oct. 22. With inflation above target and a chip-led recovery continuing, another hike is being discussed. The next board meeting is reported to be Nov. 26, though this needs confirmation.

The Dow rose as much as 1,646 points (3.2%) intraday to reclaim 53,000, while the S&P 500 gained about 1.8% and the Nasdaq about 1.7%. Renewables (First Solar +8.5%) and health care (HCA +7%) were strong, while semiconductors (SOXX -1%) and neoclouds (NCLD -6%) were weak.

WTI fell 7.2% to $89.17 and Brent fell 8.5% to $94.84, with WTI dropping below $90 from the previous Friday's close of $104. Around the same time, the US struck Iranian air-defense missiles on Qeshm Island, and Iran said it was far from a deal.

The firm said that if the president escalates militarily against Iran before the new Congress is seated in January, oil would rise and the S&P 500 could fall by double digits to 6,800 by year-end. That is about 11.7% below the current 7,704.69.

With Democrats holding majorities in both chambers, Trump's partisan legislation is effectively blocked. House Democrats plan to push a bill to repeal tariffs and a vote to end the Iran war or require congressional approval, and Trump signaled a veto. Without a two-thirds majority, overriding it will be difficult.

The Fed kept its policy rate at 3.75~4.00%. Cook and Hammack dissented in favor of a 25bp hike, and it was the first hold since the September hike. Minutes are due Nov. 18, and the next meeting is Dec. 8~9.

Adjusted EPS was $2.09 (forecast $1.95) and revenue was $13.38 billion (forecast $13.09 billion). Lisa Su laid out a doubling of server revenue in 2027 and overall revenue growth of more than 80%. After hours, AMD rose 7%, Super Micro more than 9% and Arista 12%.

It will spin off about 9,000 retail pharmacies from Aetna and Caremark, effectively unwinding the $78 billion Aetna acquisition. Q3 revenue of $108.4 billion topped forecasts, but the shares fell 10~12%.

Apple fell 1.9% on Nov. 3 on margin-outlook worries, then rose 6% on Nov. 4 to a record $354.33. Palantir slipped 1.65% after revenue topped $2 billion for the first time but US commercial TCV fell from $2.1 billion to $1.5 billion.

CEO Richard Teng said the affected assets totaled $6.34 billion. Binance has replenished 98%, and Tether, Circle, Ripple and others froze about $3 billion.

The KOSPI closed at 5,683.80 after swinging more than 400 points intraday. Foreign investors sold about 2.5 trillion won, but individuals (about 1.14 trillion won) and institutions (about 1.01 trillion won) defended the market with net buying. The KOSDAQ ended at 714.95 (+1.50%).

Samsung Electronics rose as high as 228,000 won, slid to 208,000 won, and closed down 0.68% at 218,000 won. SK hynix climbed 5.58% to 1,476,000 won, fell to 1,303,000 won, and finished down 0.14% at 1,396,000 won. Shinhan Investment cited concern that a Democratic edge would constrain acceptance of AI data centers.

Short-selling turnover rose 33.1% from the previous day to 2.2779 trillion won (5.82% of turnover). SK hynix (448.7 billion won) and Samsung Electronics (303.8 billion won) accounted for 38.4% of KOSPI short selling. The article did not state a cause for the increase.

Exports rose 93.7% year over year, and semiconductors reached $56.44 billion (+259.4%), about 49% of the total. The trade surplus was $42.5 billion, and cumulative January-October exports of $930 billion are a record. Figures are based on a search summary.

About 24.07 million shares (about 3.3% of shares outstanding) will be canceled. The link to net buying of 349.3 billion won by other corporations on Nov. 4 is the outlet's interpretation.

Brokerages expect a short-term bounce once election uncertainty clears, on the condition that AI worries ease and foreign selling calms. Some also see Democratic checks on fiscal spending as potentially easing upward pressure on long-term yields.

LG Energy Solution (+5.03%), Samsung Biologics (+2.96%) and Hyundai Motor (+2.16%) rose, and on the KOSDAQ EcoPro BM (+10.96%) and EcoPro (+9.54%) were strong. Alteogen fell 4.45%. We found no November article explaining the gains.

The 15:30 close was 1,341.5 won (+0.5 won). Meritz Securities put its November range at 1,310~1,370 won.

A rebuttal arguing that historical average post-election returns are not the whole story. It is consistent with SMH -3.21% and the neocloud decline the same day.

The mainstream argument that cleared uncertainty lifted the indexes. It fits with the Dow +3.27% and VIX -19.4%. AI names, however, failed to follow the same day.

A view that sees regulation as a growth slowdown rather than a collapse. It echoes a broadcast panelist's opinion that lower hyperscaler capex would benefit them.

Despite revenue of $19.9B and net income of $1.59B, receivables and inventory (up $2.48B) tied up cash. The more-than-9% after-hours jump may be at odds with earnings quality.

The poster cites the possibility that the market structure bill (CLARITY Act) lapses in the new session and expanded Democratic subpoena power. With BTC +3.58% and ETH +6.31% the same day, the bearish altcoin thesis was not confirmed in prices.

A post lamenting losses in AI names (MU, SNDK, NVDA, NBIS).

Most read it bullishly: "uncertainty is gone" and "gridlock means no new laws." A minority pointed out that only chips, memory and non-green energy names fell, and flagged leaks in the AI bubble.

A warning that the new Congress could curb the AI data center buildout and pull the index down by hundreds of points.

Commenters are skeptical of any will to cut the deficit. Views clash between those who say the Iran war is now more likely to wind down and those who warn Trump could become more reckless toward Iran.

Agreement that "the end of government-level market manipulation is good for crypto" is mixed with rebuttals calling the post "AI-written slop." Most mock the Trump token as having already completed its pump and dump.

The bullish thesis of cleared uncertainty matches prices. The Dow rose +3.27%, the VIX fell to 16.79 (-19.4%) and the 10-year yield dropped 5.8bp. Comments hoping for an end to the Iran war also point in the same direction as WTI -7.79%.

The community discussed AMD heavily (307 mentions vs. 183 the prior day), yet SMH fell -3.21% and XLK rose just +0.08% the same day. AMD's earnings came after the close and were not reflected in the regular session, so whether the after-hours +7% holds in the Nov. 5 regular session is the key. The drop in MU mentions from 104 to 48 appears to combine waning interest with a sense of weakness.

Contrary to the altcoin-bearish thesis on r/CryptoCurrency, ETH rose more than BTC (+6.31% vs. +3.58%). The policy argument did not explain one day's prices. The many small alts leaning bearish in the 15-minute candlestick scan lend it partial support.

Most of Reddit reads the election defeat as the end of the war, but Iran said it is far from a deal and the US continued military strikes. Expectations were priced into oil first.

The after-hours gain and the cash flow warning came at the same time. The jump in ranking (33rd to 4th) reflects the reaction to earnings.

Intraday, the Dow was up 1,503 points, the S&P 500 up 1.75% and the Nasdaq about 2%, led by 3M (about +9%), Sherwin-Williams (+6%) and Microsoft (+6.5%). Semiconductors were weak and crude fell below $90. Cramer called tariffs a "disaster" and said data center restriction votes came in with 60~80% opposition across 29 jurisdictions.

The panel cited a clean end to the election, legislative gridlock, hopes for an early end to the Iran war and year-end repositioning as bullish arguments. On the other side, Weiss warned that Trump could go on the offensive against Iran within two months. On data centers, Goldman sees 45% of planned additions potentially affected, while Dan Ives estimates 10% will be scrapped.

Marvell fell about 9% and SMH dropped nearly 3%. CoreWeave's bond yield is about 15%, a new high, and Oracle limited its financing to about $20 billion last week. Hyperscaler spreads, by contrast, tightened.

Democrats gained four Senate seats but fell short of the two-thirds needed to override a presidential veto. The debt limit will be the test in the first half of 2027. Trump said he will maintain military action against Iran.

High-beta tech stocks outperformed the market by 100% over the past year, the first time since the late 1990s. The consensus for five-year tech earnings growth is 43%, higher than the roughly 25% in 2000, making expectations hard to beat. He favors profitable, free-cash-flow-positive companies and said a large Senate gain could raise concerns about a 2028 corporate tax increase.

Of $173 million in ad spending tallied by CNBC, $140 million came from the Democratic side. Fifty-six percent of voters named AI and data centers as an important factor. The panel judged that AI demand will not disappear despite construction delays and that development sites will shift to other states.

Uber said gross bookings were $60 billion (+20%) and monthly active users exceeded 200 million. Novo called oral Wegovy its best launch since the COVID vaccine and said the election's impact would be small. Flutter lowered guidance and halted buybacks, with shares down 60% year to date.

Bravo urged no rush to regulate AI models, and 40% of his portfolio is in cybersecurity. The WSJ summarized the Democrats' priorities as lowering prices and investigating corruption.