2026-10-15 · Rotation Day, Two Top Names
Blue chips and small caps led while tech recovered to flat, and two names reached the top tier for the first time in days, both with earnings close enough to call for caution.
The Signal
Blue chips and smaller companies rose more than one percent, the broad market edged up and the Nasdaq finished near flat after an early tech sell-off. Money flow is almost evenly split. Early bullish turns sit in industrials and financials, early bearish turns in technology and energy, now including refiners.
The Noise
Wholesale inflation came in far hotter than forecast, yet bond yields fell and the odds of…
The skinny
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