Archive | October 3, 2026

MIB Weekly: Hike Odds Collapsed and Yields Rose Anyway, a 5.34% 10-Year Sank Gold and Banks Despite Hormuz Strikes, as Chip Equipment Led and Anthropic’s $2T IPO Tested Who Funds AI

A global long-bond rout drove the week: the 10-year Treasury yield touched 5.34% Thursday, its highest since 2002, and finished 10.9 bps higher even as soft payrolls and a cooler PCE cut October Fed-hike odds to about 23%. Chip equipment carried the Nasdaq 100 to a record (AMAT +11.35%, LRCX +10.24%, KLAC +10.09%) while the S&P 500 and Dow fell. Gold lost 3.48% despite repeated Hormuz ship strikes.

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  ANNOUNCEMENT : The next generation WLEI3 had its first out-of-sample update! An auspicious moment for index builders.