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MIB Daily: The AI Trade Failed a Credit Test as CoreWeave Bonds Topped 15%, Hot CPI Lifted Hike Odds to 47% Ahead of PPI, Long Bonds Bet on Slower Growth, and Healthcare, Staples and Energy Took the Lead

Hot September CPI (3.7% vs 3.6% expected, core 2.6%) roughly doubled October rate-hike odds to about 47%, and the Nasdaq 100 fell 2.02%. AI infrastructure cracked: CoreWeave’s bonds topped a 15% yield and its stock sank 15.46%, while Oracle dropped 8.83%. Barclays cut Dell to Equal Weight and it slid 11.27%. Iran admitted new tactics against Hormuz shipping; WTI rose 1.09% to $95.17, its highest close since September 24. Healthcare and staples rallied; RBC swapped tech for health care.

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