2026-10-16 · Tech Sell-Off, Two Top Names
A tech-led sell-off ended the broad market's worst week since June, while two names outside technology, a bank and an oilfield services company, reached the top tier.
The Signal
Technology fell hard, the Nasdaq lost about two and a half percent, the broad market about one percent, and blue chips barely moved. Money flow is close to even. Early bullish turns sit in financials, industrials and energy, early bearish turns in technology and health care.
The Noise
Doubts about how long the AI spending boom can last, rising global bond yields, hotter inflation data and high oil all landed…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.