Skip to contentHome page Seeking Alpha - Power to InvestorsInterest RatesOct 29, 2026, 8:53 AM ETState Street SPDR S&P 500 ETF Trust (SPY), DIA, QQQ, IVV, VOO, IWM, SPX, SP500, NDX, DJI, RTYNVDA, WMTPassage Research6.36K FollowersNovember will be marked by heightened volatility from US midterm elections, key macro data (CPI, payrolls), and OPEC+ decisions.Earnings season continues, with critical focus on Nvidia’s guidance and Walmart’s consumer health signals amid slowing US comp sales.I expect CPI to remain somewhat hot and payrolls to print below consensus, supporting a choppy equity market and tactical trading approach.Persistent inflation, AI trade uncertainty, and geopolitical risks limit a clear path higher for equities, but volatility may create alpha opportunities.Gurol Tuna/iStock via Getty ImagesWith every passing day, it seems as though the crosscurrents rippling through markets (SPY) become more and more powerful. Volatility is just starting to pick up and it is creating a lot of challengesThis article was written byPassage Research6.36K FollowersPassage Research focuses on identifying variant perception through a blend of fundamental analysis and alternative data. The research process combines detailed financial modeling with real-time datasets to underwrite earnings power, margin durability, and forward expectations.The author has spent over a decade on Wall Street, most recently spending the last five years working in the hedge fund industry as an analyst. Typical coverage spans consumer, TMT, industrials and special situations, with an emphasis on asymmetric risk/reward and catalyst-driven opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.