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Stocks Bounce Back as Traders Eye Earnings and the World Series

Market Movers: Midday

October 23, 2026

Video Transcript

Johny Fernandez: And with midday trade underway, and only a few hours left in the trading week, let’s go ahead and head over to Chicago, where FINTECH.TV contributor Errol Coleman joins us live from the trading floor. So, good afternoon.

Errol Coleman: Good afternoon, Johny. How are you doing?

Johny Fernandez: Doing well. So let’s go ahead and get started talking about the activity that you are following in midday trade.

Errol Coleman: Yeah. So this morning we saw a little bit of a dip on the Nasdaq. The S&P 500 opened about 80 points lower, but we’ve seen a pretty quick turnaround. We consolidated for about an hour. It looked like there was a lot of indecision within the broader market, and then the market put in a new leg to the upside. So these moves to the upside in the broader market are having volatility come back in. So fear is slowly starting to subside, but it’s not fully down yet. But we’re seeing a little bit more green than we did over the last, you know, 5 to 7 days in the market here.

Johny Fernandez: All right. So we know that Q3 earnings season really takes off next week, with plenty of reports coming down the pike. And with no market impact here, the World Series kicks off tonight between the Rays and the Brewers. So when we look at prediction markets, what do Polymarket traders have to say about this marquee event?

Errol Coleman: So Polymarket right now is pricing in that Milwaukee has roughly a 64% chance of winning the World Series against the Tampa Bay Rays. Now, I lived in Tampa, Florida, for about four to five years, so I’m going to have to go with Tampa Bay on this one. I’m going to have to take the 36%. But again, right now, the Milwaukee Brewers are pricing in at 64%, the Tampa Bay Rays at 36%, right on Polymarket right now as we speak, Johny.

Johny Fernandez: All right. So, you know what? I’ve also lived in the Tampa Bay area, so I’m definitely rooting for them in this World Series. So we’ll see what happens. But Errol, thank you so much for joining us this afternoon, live from Chicago.

Errol Coleman: Thanks, Johny.

Stocks are bouncing back after a shaky start to the session, with the S&P 500 opening about 80 points lower before turning higher. FINTECH.TV contributor Errol Coleman joins Johny Fernandez live from the trading floor in Chicago to break down the midday action and what prediction market traders expect from the World Series.

Coleman says the Nasdaq dipped in the morning and the S&P 500 opened lower before a quick turnaround, with the market consolidating for about an hour amid indecision before putting in a new leg to the upside. He says fear is slowly starting to subside but has not fully come down, and that the market is showing more green than it has over the last five to seven days.

With third quarter earnings season set to ramp up next week and the World Series kicking off between the Tampa Bay Rays and the Milwaukee Brewers, Coleman says Polymarket is pricing in roughly a 64% chance that Milwaukee wins the series, compared with 36% for Tampa Bay. Having lived in Tampa for several years, he says he is siding with the Rays.

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