Last week, we saw a good chunk of the "Magnificent 7" report Q3 earnings (AAPL, GOOG, MSFT, META, and AMZN) and while they beat on earnings and revenue, the prices of all by one (AMZN) pulled back due to a reduction in forward guidance. Next week, the US Presidential Election could introduce near-term market volatility and the FOMC will have its November meeting. The CME's FedWatch Tool is showing a 98.9% probability of a 0.25% interest rate cut at that meeting.

This week, I discuss:

1. How the S&P 500's earnings have fared in Q3 and YTD relative to past periods,
2. What elections can do to equity markets in the near-term but what history shows us about November and December performance in election years, and
3. Why professional traders sit on their hands when amateur traders over-trade.

Pantile Investments' Principal David Baines recaps what happened in the US stock market last week and what it means for your trading in the week to come.