According to @business, Wall Street closed October on a high, with stocks posting a sixth consecutive monthly gain while credit marked a third straight advance. According to @business, the rally was driven by AI optimism, solid earnings, and easier financial conditions. According to @business, crypto traders should monitor the easier financial conditions and risk-on equity momentum when assessing positioning in BTC and ETH.

According to @business, Meta found record-shattering demand for its bond sale on Thursday even as its shares plunged, indicating bond investors are looking past concerns about its artificial-intelligence spending plans (source: @business). The source did not mention any direct impact on cryptocurrency markets or specific tokens (source: @business).

According to The Kobeissi Letter, new 90+ day delinquencies for auto loans have increased to approximately 3%, marking the highest level in 15 years, and serious delinquency rates are rising at their fastest pace since 2008. Mortgage delinquencies are also on the rise, indicating widening financial distress which may impact credit markets and investor confidence.