The Script Changes: A Critical Two Weeks Ahead – October 19, 2026
Good morning, Recall last week’s setup: inflation versus earnings. Unfortunately, inflation won. But what followed the hotter-than-expected CPI report was a surprising departure from the script. The dominant theme across equity markets was a sharp selloff in AI-related technology. The Nasdaq 100 fell 5.5%, while the Philadelphia Semiconductor Index (SOX) plunged 11.4%. It was a […]