Fed rate hike odds collapse on Polymarket while crypto, gold miners, and chip stocks face profit-taking across the board.
Macro & Fed Rate Odds Collapse
30-Year Mortgage Rate jumped to 7.49% as of Oct 2, up from 7.3% the previous week.
VanEck Gold Miners ETF is trading sharply lower pre-market on underlying drops in NEM and AEM as gold falls to $4122/oz.
Polymarket rate hike odds for the Oct 27–28 meeting have collapsed to ~16% (down from 65–71% in late September) per Rebel Prediction Tracking.
VIX tracking active into key catalysts.
Single-Stock Movers & Crypto Equity Pullback
BULL dropped 18% after a bipartisan House Select Committee on China report linked Webull to the Chinese government. Webull denies the report, citing significant inaccuracies. Webull holds 28 million accounts.
STM down 3–4% in Europe and US ADR on profit-taking and RSI overbought levels alongside a broader European semi selloff (BESI, IFX, ASML, TPRO) ahead of tonight's Fed minutes.
BMNR fell 5% after Chairman Tom Lee announced BitMine will stop accumulating ETH once it hits 5% supply (currently at 4.9% / ~6M ETH).
CRCL down 5% at open alongside crypto-equity weakness (MSTR, COIN, HOOD, BMNR) as BTC trades softer.
STZ down 5% despite Q2 EPS ($3.74 vs $3.55-3.62 est) and revenue ($2.63B vs $2.54B est) beats. Investors cited light full-year EPS guidance ($11.20-$11.90), soft depletions in Modelo/Corona, and inventory restock concerns. STZ also announced the acquisition of SpikedAde.
Pete's Redzone & MLB Division Series
Lane Johnson (Eagles RT, 36) announced his retirement after 14 seasons and two Super Bowls to focus on mental health. Eagles are 2-2 heading to London vs JAX.
MLBDivision Series Updates:
White Sox lead Guardians 2-0 (Game 3, 4 p.m. ET, TBS)
Rays lead Yankees 2-0 (Game 3, 8 p.m. ET, TBS)
Dodgers lead Braves 2-1 (Game 4, 6 p.m. ET, FS1)
Brewers lead Padres 2-1 (Game 4, 10 p.m. ET, FS1)
Charts & Screens
Tap to enlargeWhat To Watch Next
- FOMC Meeting Minutes
Traders bracing for tonight's release of the Fed minutes.
- October 27–28 FOMC Meeting
Rate hike odds currently priced at 16% on Polymarket tracking.
Last Session's Card
Tuesday, October 6, 2026Move since the setup was published, measured against the reference price and adjusted for direction. Tracking only — it does not reflect actual fills or option P&L.
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