Tue prep 20 Oct: GE/GM/RTX/MMM/NOC BMO, NFLX + SpaceX's first print AMC — US 10y at 5.14%, KOSPI −2.5%

[LondonNewsTrader]

Morning from London. Monday's chip bounce held into the close, but Asia didn't buy it overnight.

Where we are (around 07:00 London):
- Monday close: Nasdaq Comp +1.1%, S&P 500 +0.4% to 7,690.73, Dow roughly flat (JPM −1.8%). SOX +1.6%, snapping an eight-session losing streak, its longest since 2008
- Breadth was poor under the surface: equal-weight S&P (RSP) −0.3%, NYSE decliners beat advancers about 1,761 to 945. Mega-caps carried it
- US 10-year up ~7bp to 5.14% as traders rebuilt bets on Fed hikes next year. Futures only a touch higher, NQ ~+0.1–0.2%
- Asia: KOSPI ~−2.5% (SK Hynix −3.5%, heading for its lowest close since April), Nikkei ~−0.5%, Hang Seng ~−1% back from holiday. PBOC left LPRs unchanged for a 17th month
- Oil: Brent ~$109 after touching $110.70 Monday, its highest since 20 May, on Houthi claims of attacks on Saudi energy sites. The November WTI contract expires today (~$103) with December nearer $98, so mind which contract your platform is quoting

Today's tape:
- BMO: GE Aerospace, GM (11:30 London), RTX, 3M, Northrop, Halliburton, MSCI, Synchrony, KeyCorp, Ally, Equifax, Hasbro, GPC, VICR
- AMC: Netflix, SpaceX (its first quarterly report, webcast 21:30 London; Street looking for ~$12.7–13bn revenue), Intuitive Surgical, Capital One, Chubb, United Airlines
- Monday after-hours: MMM ~+5% on an Amazon warrant deal, TW ~+3% on the Trumid deal (separate threads), STLD ~−5% on a Q3 miss, CCK ~−4–5% on soft Q4 guidance

The open is mostly about whether yesterday's mega-cap bounce gets confirmed by anything outside the top ten names. With the 10y above 5.1% and oil near $110, I'd be careful treating a gap-up as a trend day until breadth shows up.

Sources: [Bloomberg wrap via swissinfo](https://www.swissinfo.ch/eng/us-stock-f ... p/92241741) | [Investing.com Asia](https://au.investing.com/news/stock-mar ... gs-4700108) | [CNBC/Reuters on oil](https://www.cnbc.com/2026/10/20/oil-eas ... risks.html) | [Monday closing look](https://cappnotes.substack.com/p/closin ... er-19-2026) | [Earnings Whispers calendar](https://www.earningswhispers.com/calendar)

Is anyone positioning in NQ ahead of NFLX and SpaceX tonight, or flat into the prints? And how are you handling the WTI roll today if you scalp CL?