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Market Headlines 👀 

• US Inflation came in cooler than the market expected at 2.4% YoY; est: 2.3%.

• US weekly jobless claims rose to 258k; est: 230k.

• Tesla (TSLA) has its major 10/10 robotaxi event scheduled for later this evening.

• Microsoft (MSFT) announces new AI tools to help those who work in healthcare oriented jobs.

• Advanced Micro Dynamics (AMD) announces MI325 AI chips which will compete with Nvidia’s blackwell chips.

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Headline CPI came in generally hotter than expected, especially supercore (core ex housing and food/energy) which printed 0.4%. The read through to core PCE will be more limited so the Fed ‘s easing path should not be derailed from this print. However, the political optics still look ugly as this will be the last headline print before the election.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

More on today’s CPI from Bloomberg:

Market Preview 🎞️ 

• Friday, October 11th: Price producer index (PPI)

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