Missile Strikes Aramco HQ; Oil Holds at $94

Markets at a Glance

S&P Futs 7,848 ↓0.13%

Gold $4,216 ↑0.60%

Dow Futs 52,176 ↑0.18%

10-Yr 5.22% ↓3bp

WTI $94.00 ↑0.2%

Bitcoin $83,450 ↑0.5%

Markets at a Glance

S&P Futs 7,848 ↓0.13%

Gold $4,216 ↑0.60%

Dow Futs 52,176 ↑0.18%

10-Yr 5.22% ↓3bp

WTI $94.00 ↑0.2%

Bitcoin $83,450 ↑0.5%

The Big Stories

1.	A Houthi missile struck Aramco’s headquarters in Dhahran overnight. A fire broke out inside the compound and was extinguished. Dhahran is the nerve center of Saudi oil. No production impact reported—yet. BBG

2.	The Saudi-led coalition struck a fuel depot near Sanaa and piers at Hodeidah port. First evacuation order for the capital since the war restarted in July. Reuters

3.	WTI rose 0.2% to $94.00 despite the Aramco strike. Russian diesel is trickling into the market under Trump’s sanctions waiver, but volumes remain too small to ease the global shortage. Missiles on the world’s biggest oil company, and the price barely moved. Reuters

Markets & Economy

4.	Goldman Sachs posted Q3 EPS of $17.01, beating estimates by 30%. Equities trading revenue jumped 72%. CNBC

5.	JPMorgan missed on both EPS and revenue. Stock rose 1.4% anyway on $15.3 billion in net profit. CNBC

6.	NY Fed President Williams said one more hike this year, then none in 2027. Markets are pricing at least one more after that. BBG

Politics

7.	Trump rallied in Wasilla, Alaska for Sen. Sullivan and Rep. Begich. Twenty days until midterms. Fox

8.	Georgia’s Senate debate turned heated over Epstein ties. Ossoff said he won’t run for president in 2028. AP

Around the World

9.	Trump insists the Russia-Ukraine energy ceasefire holds. Ukraine says Russian strikes on its power grid continued overnight. Reuters

10.	Micron fell 5% after China’s CXMT said it can build server-grade memory. Second straight day of losses. CNBC

I believe Elon is about to make his latest invention available to the public.

When he does, sales could go through the roof.

And the stock price of one of his critical partners could soar.

I expect Elon to make this announcement any day now. By the end of the month at the latest.

But you never know with Elon…

He could post it on X tomorrow.

So, there's very little time to act.