Markets treaded cautiously today as investors await the next Fed decision, with policymakers facing data gaps from the longest government shutdown on record. Risk assets reflected the uncertainty—IBIT closed at 53, well below its 50D and 200D SMAs (59 and 62). Netflix (NFLX) dropped 4%, now 17% off its 52-week high and trading near its 200D SMA, as it eyes a potential bidding war for Warner Bros Discovery. Microsoft (MSFT) closed at 510, near its 50D SMA and 8% below its 52-week high; the 200D SMA at 480 could be a key level for long-term entries. Walmart announced that John Furner, who started as an hourly associate in 1993, will succeed Doug McMillon as CEO in 2026—only the sixth in company history. And on this day in 2012, McDonald’s opened its first vegetarian-only restaurants in India, swapping Big Macs for McAloo Tikkis near pilgrimage sites. A rare moment when Ronald McDonald went meatless.