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Macro US Stocks

US Stocks Face Earnings, Rate and Midterm Test as BIT Links Equities and Crypto

US equities enter November at their most event-heavy stretch of the year, with S&P 500 forward P/E at 18.7x and an earnings yield of about 5.35% versus a 5.00% 10-year Treasury yield, leaving only a 35-basis-point equity premium as of Oct. 23. CME FedWatch put the odds of a 25-basis-point December rate hike at about 86%. BIT Securities, which launched US stock trading in February 2026 and Hong Kong stocks in October, is running a limited earnings-season campaign letting users trade US stocks, HK stocks and crypto from one account.

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