Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The major indexes fell solidly in the past week, capping a terrible September. The S&P 500 index and Dow Jones are at bear market lows, with the Nasdaq on the verge of doing so. Treasury yields backed off from 4%, but extended their weekly win streak.
Investors should be extremely cautious in the current environment, as the bear market appears to be starting a third leg down.
Tesla AI Day: Optimus Robot Not-Yet Prime
Tesla (TSLA) is in focus over the weekend. Friday night, Tesla unveiled a prototype of the Optimus robot, showing limb movement and hands that can grasp. But Tesla’s Optimus is unable to walk yet, indicating that Tesla Optimus is many years behind what other robotics firms can do. Tesla spent time discussing the Optimus mechanics and software.
CEO Elon Musk has said Optimus could eventually replace factory workers. Many…