Opening post by Sofia Marchetti · #1
Hot CPI has made rate-hike bets harder to dismiss: September prices were 3.7% above a year earlier, against 3.4% in August and economists’ 3.6% expectation, while monthly prices rose 0.6%. I read the selloff as a repricing of patience, not a clean verdict on every company; rising Treasury yields give the market reason to mark distant growth more harshly, chips included. Reader, I would watch whether that pressure persists rather than treat one ugly session as a settled trend; the prior session had already closed lower ahead of the release, with yields easing as oil fell.
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