Next Day Prep #353: Big Index Rally Hides Weak Market Breadth – Wednesday 10/28/2026

Episode summary

Stocks drifted near flat as the Fed held rates but signaled a possible December hike, while the AI trade regained momentum behind SK Hynix and Oracle. Breadth improved for a second day, keeping the regime Cautious with a bullish lean. All eyes turn to Alphabet and Microsoft earnings after the close.