(Bloomberg) — Donald Trump’s re-election was supposed to deliver a booming stock market. It’s done that, just not for the reasons prognosticators anticipated.
The S&P 500 Index has surged 18% since Trump’s Nov. 5 win, ending October on a six-month winning streak and at an all-time high.
» Read more about: AI Rally and Volatility Define Stock Run Since Trump’s Return »
October was supposed to be the month when long-awaited crypto exchange-traded funds (ETFs) finally hit U.S. markets. Deadlines for the Securities and Exchange Commission (SEC) to approve or deny several spot crypto ETF applications were lined up throughout the month. But when the U.S. government shut down, the process froze — and deadlines stopped mattering.
The Magnificent 7—Microsoft, Meta, Amazon, Apple, Nvidia, Alphabet, and Tesla—lead the S&P 500’s impressive third-quarter earnings performance, fueling investor optimism and market momentum.
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The third-quarter earnings season begins its second busiest week, with 135 S&P 500 companies scheduled to report.
» Read more about: S&P 500 Q3 2025 Earnings Surge: Magnificent 7 Lead Market Rally »
In a striking reflection on the global financial landscape, chartered accountant Nitin Kaushik argued that the true measure of value is shifting back to where it began — gold.
In a post on X (formerly Twitter), Kaushik wrote that “money is moving from currencies to commodities”, underscoring how currencies were once backed by gold,
Tokyo Tekko (TSE:5445) posted net profit margins of 13.4%, an improvement from 11.5% a year ago, with earnings climbing 7.4% over the past twelve months. While this growth is below the impressive five-year average rate of 33.5% per year, cumulative earnings expansion over the period remains robust. The company’s shares are trading at ¥5,640,
Citigroup has also been aggressively accelerating its AI plans. Over the summer, the bank doubled down on its AI ambitions with new leadership at the helm of its tech transformation.
In mid-October, Citi CEO Jane Fraser said that nearly 180,000 employees in 83 countries have access to the bank’s proprietary AI tools and have used them almost 7 million times this year.
» Read more about: How Wall Street is really using AI — from staff training to performance reviews »
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» Read more about: Will the Bank of England cut interest rates? »
Over 70 million Americans receive Social Security benefits, according to the Social Security Administration (SSA).
» Read more about: Ways the New Social Security Rules Could Impact Fixed-Income Retirees »
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on the Market’s Radar. On October 30, Cantor Fitzgerald reiterated an “Overweight” rating on the stock with a $300 price target. The firm said that the stock is too inexpensive to ignore despite AI bubble fears.
» Read more about: Nvidia (NVDA) Remains Top Pick at Cantor Despite Market Bubble Concerns »
The gold and silver markets have been on a bullish run that started in 2022,
» Read more about: A Major Shortage in Gold and Silver Makes These ETFs Safer Buys Today »
