2026-10-14 · Hot CPI Hits Tech
A hotter-than-expected inflation report sent tech sharply lower while blue chips held; no stock reached the top tier, and the clearest reads are distribution in richly valued growth.
The Signal
The broad market fell about one percent and the Nasdaq nearly twice that, while the Dow was flat. More stocks saw money leaving than arriving, but higher lows still far outnumber fresh lows. Early bullish turns sit in industrials and real estate; bearish turns are concentrated in technology, the heaviest this month.
The Noise
September inflation came in hot, led by energy, and lifted the odds of a Fed…
The skinny
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