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Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets open. 1. Global stocks rally as bargain-hunting sets in, but politics and the pandemic loom large. Dollar eases from two-month highs, but looks set for more gains, while gold and silver remain under pressure. 2. US presidential debate will be more of a 'key driver' for markets than the next jobs report, one strategist says. The Trump-Biden debate will be at the forefront of any market reaction this week, according to Kotecha. 3. Billionaire 'Bond King' Gundlach hints he might leave California to a lower-tax state if local taxes for the wealthy are raised. He said Elon Musk, comedian Joe Rogan, and political commentator Ben Shapiro are leaving California to "escape incompetent governance." 4. K-Pop band BTS agency Big Hit prices IPO at top of range in blockbuster offering. The Korean entertainment group priced its upcoming IPO at the top of its anticipated range and was swamped by investor demand. 5. Uber secures its London future by winning a court battle with the city's transport body. Uber can continue to operate in London after winning a court case against TfL, which withdrew the taxi app's license for the second time in 2019. 6. 'Expect more stock-market weakness': A Wall Street strategist lays out how investors' most-trusted defenses against crashes are failing them at a critical time. Traditional hedges are failing, and it is too dangerous to be buying more stocks during this sell-off, warns Academy Securities' Peter Tchir. 7. 'Classic signs of euphoric sentiment': Famed economist David Rosenberg warns that Snowflake-led IPO mania is inflating a market bubble that could soon pop. Rosenberg is concerned about a marketplace that "is starting to look like the frenzy that took place in the dot-com bubble." 8. UBS says buy these 23 stocks across major themes that are poised to outperform amid uncertainty and conflicting signals in the market. Analysts handpicked 23 undervalued stocks across major themes that are on track to outperform despite market uncertainties and risks. 9. Global stocks are mostly up. Germany's DAX rose 2.7%, Britain's FTSE 100 rose 1.5%, and the Euro Stoxx 50 rose 2.2%. In Asia, China's Shanghai Composite fell 0.1%, Hong Kong's Hang Seng rose 1%, while Japan's Nikkei rose 1.3% at the close. In the US, futures on the Dow Jones, the S&P 500, and the US Tech 100 rose between 1.3% and 1.6%. 10. On the data docket today. The US 3-month and 6-month bill auctions are due. | 
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