2026-10-13 · Quiet tape before CPI
A flat, waiting session ahead of September inflation; the only top-tier setup was a beaten-down food stock, while health care joined tech in flashing early bearish turns.
The Signal
Stocks finished roughly flat, with the Nasdaq and the Dow slightly lower. More names saw money flowing out than in, but higher lows still far outnumber fresh lows. Early bullish turns over the past week sit in industrials and real estate; early bearish turns sit in technology and now health care.
The Noise
There was no clear story behind today's tape, and we are not inventing one. The real driver is…
The skinny
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