Hotcoin TradFi Daily Asset Report — October 29, 2026

U.S. Market: After the Fed Hold, Earnings Quality Becomes the Main Test

On October 28, the S&P 500 rose 0.28%, the Dow gained 0.19%, the Nasdaq added 0.27% and the Russell 2000 advanced 0.41%, while the VIX fell to 16.91. The Federal Reserve kept rates unchanged and the major indices closed modestly higher, but Microsoft and Alphabet diverged after hours. The market is shifting from the policy decision to earnings delivery: cloud growth, AI revenue and returns on capital spending now matter more than investment announcements alone.

Hotcoin Movers: Company-Specific Catalysts Produced Sharp Technology Dispersion

At the 13:38 CST Hotcoin snapshot, MVLLB fell 12.01% and GOOGLB lost 9.79%, while LITEB and STXB gained 9.32% and 7.38%. In perpetuals, NOWUSDT declined 20.29%, WENUSDT rose 14.26%, and SKDDUSDT and SDGRUSDT moved more than 13% in opposite directions. Crypto-linked U.S. equities also split: MARA gained 3.95%, HOOD dropped 3.31%, and COIN and CRCL closed slightly higher. The pattern points to company- and theme-specific catalysts rather than a uniform risk trade.

Today’s Calendar: GDP and PCE Set the Rate Tone Before Amazon and Intel

At 08:30 ET, markets receive the advance Q3 GDP estimate, September PCE inflation, personal income and spending, and weekly jobless claims. Amazon and Intel report after the close. With the Fed on hold, strong growth alongside sticky inflation could lift Treasury yields again, while softer price pressure could support long-duration equities. For earnings, the main tests are AWS growth, returns on AI capital spending and Intel’s margin trajectory.