Midterm Elections, Payrolls and AI Earnings | WEEX Weekly Market Hotspot Preview (2026.11.02-11.06)

Key Themes This Week

The key theme is whether policy uncertainty, jobs data and AI earnings can repair risk appetite. Midterm elections may affect fiscal expectations, regulatory direction and tech sentiment; ISM, JOLTS and payrolls will shape yield and rate-pricing trades; AAPL, PLTR, AMD, SMCI, ARM, QCOM and NET earnings will test device demand, enterprise AI orders, AI chips, servers and cloud-security demand; ZEC’s upgrade adds a crypto-specific volatility catalyst.

November 2 | Monday

ISM Manufacturing PMI Puts Industrial Momentum and Prices in Focus｜★★★★☆
ISM manufacturing PMI will open the week by testing growth momentum, with new orders, employment and prices in focus. Stronger data could lift yield pressure and weigh on QQQ and BTC, while softer manufacturing momentum may help risk assets price in a recovery setup.

Potential Trading Instruments:
Spot: QQQ, BTC, ETH
Futures: QQQ, BTC, ETH

November 3 | Tuesday

Midterm Elections and JOLTS Price Policy Uncertainty and Labor Signals｜★★★★★
Midterm elections may affect fiscal expectations, regulatory direction and data-center policy sentiment, while JOLTS job openings will test whether labor demand keeps cooling. Lower policy uncertainty and softer openings may support QQQ, BTC and ETH; prolonged uncertainty or stronger labor data could keep risk-asset volatility elevated.

Potential Trading Instruments:
Spot: QQQ, BTC, ETH
Futures: QQQ, BTC, ETH

AAPL and PLTR Earnings Test Device Demand, AI Roadmap and Enterprise Orders｜★★★★★
AAPL will be tested on device demand, hardware costs and its AI roadmap, while its new management team’s first earnings call adds market attention. PLTR earnings will continue to validate enterprise AI order conversion. Strong AAPL guidance and sustained PLTR growth may support QQQ and BTC risk appetite; cost pressure or weaker AI guidance could extend tech-valuation pressure.

Potential Trading Instruments:
Spot: AAPL, PLTR, QQQ, BTC
Futures: AAPL, PLTR, QQQ, BTC

November 4 | Wednesday

AMD and SMCI Earnings Test AI Chips and Server Demand｜★★★★★
AMD and SMCI earnings will validate AI chips, GPU servers and data-center infrastructure demand. Strong AI-server-chain guidance may support AMD, SMCI, QQQ and BTC; weaker hardware guidance could deepen market scrutiny of AI investment returns.

Potential Trading Instruments:
Spot: AMD, SMCI, QQQ, BTC
Futures: AMD, SMCI, QQQ, BTC

ISM Services PMI and UBER Earnings Test Prices and Consumer Resilience｜★★★★☆
ISM services PMI will add a read on services activity and price pressure, while UBER earnings provide signals on platform consumption, mobility demand and margins. Contained services prices and stable UBER guidance may support QQQ and BTC risk appetite; stronger price components could keep growth assets under yield pressure.

Potential Trading Instruments:
Spot: UBER, QQQ, BTC
Futures: UBER, QQQ, BTC

November 5 | Thursday

ARM, QCOM and ZEC Upgrade Put Chips and Privacy Assets on Watch｜★★★★☆
ARM and QCOM earnings will test chip licensing, mobile AI, edge computing and data-center chip signals, while ZEC’s NU7 upgrade may create a crypto-specific catalyst. Positive chip guidance and a smooth ZEC upgrade may lift ARM, QCOM, ZEC and BTC interest; cautious guidance or profit-taking around the upgrade could increase volatility.

Potential Trading Instruments:
Spot: ARM, QCOM, ZEC, BTC
Futures: ARM, QCOM, ZEC, BTC

November 6 | Friday

Payrolls and NET Earnings Set the Key Window for Rates and Cloud Security｜★★★★★
The payrolls report is the week’s main rate-pricing event, with markets watching job growth, unemployment and wage growth for any shift in future rate expectations; NET earnings will test cloud security, AI traffic and enterprise software spending. Softer labor data and solid NET guidance may support QQQ, NET, BTC and ETH; stronger labor data could amplify short-term swings across major assets.

Potential Trading Instruments:
Spot: NET, QQQ, BTC, ETH
Futures: NET, QQQ, BTC, ETH

Trading Roadmap This Week

Macro: ISM, JOLTS and payrolls will jointly shape yield expectations and risk-asset valuations.
Policy: Midterm election results may affect fiscal expectations, regulatory direction and tech risk appetite.
AI: AAPL, PLTR, AMD, SMCI, ARM, QCOM and NET earnings will test AI demand across devices, applications, chips, servers and cloud security.
Crypto: BTC is exposed to rate expectations and tech-stock risk appetite, while ZEC may trade around the NU7 upgrade.
Risk Appetite: Hot labor or services-price data could pressure QQQ and BTC; softer data plus strong earnings guidance may support recovery trades.

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