S&P futures are up +0.08%, pointing to a flat open today. Asian markets were mostly higher, as optimism over China's anticipated fiscal stimulus and a weaker US dollar provided positive momentum. European markets are mixed in early trades. The upcoming NPC Standing Committee meeting in China, scheduled for 4-8 Nov, has drawn significant attention regarding potential fiscal stimulus measures. Current estimates suggest a range between CNY6-10T over multiple years. This package may focus on local government debt swaps. An announcement of a supplementary budget is considered possible, with estimates leaning towards CNY6T. The outcome of the U.S. presidential election could significantly influence the stimulus size, with predictions suggesting a larger package if Trump wins, potentially reaching 3% of GDP annually, while a Harris win might align closer to 2% of GDP. Companies Mentioned: Air Transport Services Group, Mars, Inc., Brookfield Asset Management, Comcast, NVIDIA, Retail Opportunity Investments, Paramount Global, B. Riley Financial