Grok links rising yields and a stronger dollar to crypto selling as Fed hike bets circulate.
On X, crypto_withfaiz says Kalshi traders see a high chance of a December Fed hike. Prediction-market odds are sentiment signals, not confirmed policy outcomes.
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@yxinsightsHousing is in recession already, in my view. Existing-home sales fell to a 3.75 million annual pace in October, the slowest since August 2010, with mortgages at 7.33%. Will it slump further after the December Fed hike?
@xFuturiumTHE MARKET CLOSED. HERE'S EVERYTHING THAT MOVED IT TODAY: THE CLOSE The S&P 500 fell 0.40% to 7,561.67, the Nasdaq Composite fell 0.91% to 25,136.27, and the Dow rose 0.10% to 52,347.55. The 10-year Treasury yield closed at 5.13%, up on the week and above the level equity valuations like to ignore. WTI crude settled near $88.85 and Brent near $96.08, both little changed on the day after a volatile week on Iran headlines. Bitcoin fell to about $68,744, down 6.66%, and Ethereum fell to about $1,933, down 5.76%, as leveraged crypto positions reset alongside stocks. The character of the day was defensive rotation: tech led lower, staples and financials held up, and the Dow's small gain showed this was a growth selloff, not a broad liquidation. THE WINNERS $MOD closed up 27.9% at $135.66 after Bloomberg reported Samsung Electronics is in talks to buy the data center cooling maker. That is reported, not confirmed: Samsung said it could not confirm the report, Modine did not comment, and Reuters could not verify it. The read-through is still real. Cooling is a toll booth in the AI buildout, and a strategic buyer circling a name that had fallen since its November 3 print tells you where the scarcity sits. $NU closed up 11.7% at $13.22 after its Thursday report. Nu posted record net income of about $1.1 billion and record gross revenue, with Mexico now operating as a full bank. In a tape that punished growth, a fintech that grows, earns, and improves its efficiency outlook got paid for it. $VTSI was a small name with a real print behind it, closing sharply higher after a revenue jump and record bookings for its training systems. On a red day for most growth names, verified orders beat narratives. THE LOSERS $AMD fell 8.8% to $534.06, giving back Thursday's gain. Nothing broke in AMD's own story today. The chip group sold off as fresh concern about Nvidia's leadership change spread, and AMD, which had run the hardest on that news, had the most to give back. Broadcom and other AI names fell with it, and the semiconductor index was among the day's weakest groups. $NVDA fell 2.0% to $162.85 in its second session after Jensen Huang resigned as chief executive on Thursday. Finance chief Colette Kress is interim chief executive. The stock is now on track for a long weekly losing streak, and Tuesday's earnings are the first chance for the company to prove the machine runs the same without its founder. $CSCO fell 6.2% to $95.64 even after beating estimates Thursday night. Good numbers were not enough on a day when yields over 5% repriced every enterprise tech multiple. The market sold the sector, not the quarter. $NPCE was the day's cautionary tale, down about 48% after cutting full year revenue guidance to a range around $91 million to $92 million on operational problems at high volume accounts. KinderCare fell sharply as well after a large quarterly loss and lower targets. Guidance cuts, not headlines, did the damage in both. SECTOR SCORECARD Consumer staples led and technology lagged, with financials and communication services holding up better than growth. Six of eleven sectors advanced in the intraday sector read, even as the Nasdaq fell, which is the fingerprint of rotation rather than panic. The cross-sector read-through is simple: at a 5.13% 10-year yield, money pays for cash flow today and discounts cash flow promised for later. That is why staples and banks could rise while the AI supply chain, the best long term story in the market, took the day's losses. THE STORY OF THE DAY Producer prices rose 0.3% in October, a touch below the 0.4% forecast, and 6.5% over the year. That annual rate is the highest since November 2022. Core producer prices rose 0.3% on the month and 5.0% over the year. Why it matters: this was the last major inflation print before the Federal Reserve meets December 8 and 9. Markets have fully priced a quarter point hike, and Governor Christopher Waller had said a half point move should be considered if core inflation ran at 0.3% or higher. October core met that mark, after consumer prices also came in hot on Tuesday. Who it touches: everyone who borrows to build the future. Higher yields raise the cost of the data center buildout, pressure chip and software multiples, and hit crypto first because it trades as the market's leverage gauge. Gold also fell on the week as the dollar strengthened. The constructive read is narrow but real: the monthly pace slowed from September, demand has not cracked, and suppliers like Cisco and Applied Materials just guided to more AI spending, not less. The pressure is in the discount rate, not yet in the order books. EARNINGS Cisco reported Thursday night with earnings of $1.40 a share against $1.33 expected, on record revenue of about $18.5 billion, and raised its full year revenue outlook to a range of $74.8 billion to $75.8 billion on AI networking demand. The stock still fell Friday, which tells you the day belonged to yields. Applied Materials beat as well, with earnings of $4.16 a share and record revenue of $10.41 billion, up 53% from a year ago, and guided the next quarter to about $11.1 billion, above expectations. Management expects another record year for equipment demand as chipmakers add capacity for AI accelerators and high bandwidth memory. Nu was the other standout reporter, with revenue of about $6.26 billion beating expectations and record profit, even as earnings per share came in a penny light. Friday itself was light on large reporters, with no S&P 500 company scheduled, and Japanese banks among the names reporting after the close. FLOW Options flow belonged to Nvidia. Its expiring contracts dominated the most traded list, with heavy volume in both puts and calls around the $160 to $170 strikes, alongside a very active SPY put. That is event trading, not quiet positioning: traders are paying for protection and for upside into Tuesday's print at the same time. Nu also drew unusual call buying, with call volume well above its average after its report. The VIX rose to 19.84, elevated but not panicked. TOMORROW'S SETUP Tomorrow is Saturday, so the next session is Monday, and the week builds to one event. Rocket Lab has its 100th Electron launch window opening Saturday, a reminder that execution milestones do not wait for the tape. Monday brings Pinduoduo before the open. Tuesday is the main event: retail sales in the morning, then Nvidia reports after the close, with expectations around $111 billion in revenue. Home Depot and Disney also report Tuesday before the open. Nvidia has to answer two questions at once: is AI demand still accelerating, and does the company operate the same without Huang at the top. The answer will set the tone for every chip, cooling, power and memory name in the coverage universe. WALL STREET IS THE GREATEST SHOW ON EARTH.
@DefiantNewsUS WHOLESALE INFLATION HITS 6.5%, HIGHEST SINCE 2022 BLS reported a 0.3% monthly rise, below forecasts. Bitcoin and ether edged higher around the release; futures still favored a December Fed hike. Read more here: https://thedefiant.io/news/markets/us-ppi-hits-6-5-as-bitcoin-and-ether-edge-higher@yxinsightsHousing is in recession already, in my view. Existing-home sales fell to a 3.75 million annual pace in October, the slowest since August 2010, with mortgages at 7.33%. Will it slump further after the December Fed hike?@xFuturiumTHE MARKET CLOSED. HERE'S EVERYTHING THAT MOVED IT TODAY: THE CLOSE The S&P 500 fell 0.40% to 7,561.67, the Nasdaq Composite fell 0.91% to 25,136.27, and the Dow rose 0.10% to 52,347.55. The 10-year Treasury yield closed at 5.13%, up on the week and above the level equity valuations like to ignore. WTI crude settled near $88.85 and Brent near $96.08, both little changed on the day after a volatile week on Iran headlines. Bitcoin fell to about $68,744, down 6.66%, and Ethereum fell to about $1,933, down 5.76%, as leveraged crypto positions reset alongside stocks. The character of the day was defensive rotation: tech led lower, staples and financials held up, and the Dow's small gain showed this was a growth selloff, not a broad liquidation. THE WINNERS $MOD closed up 27.9% at $135.66 after Bloomberg reported Samsung Electronics is in talks to buy the data center cooling maker. That is reported, not confirmed: Samsung said it could not confirm the report, Modine did not comment, and Reuters could not verify it. The read-through is still real. Cooling is a toll booth in the AI buildout, and a strategic buyer circling a name that had fallen since its November 3 print tells you where the scarcity sits. $NU closed up 11.7% at $13.22 after its Thursday report. Nu posted record net income of about $1.1 billion and record gross revenue, with Mexico now operating as a full bank. In a tape that punished growth, a fintech that grows, earns, and improves its efficiency outlook got paid for it. $VTSI was a small name with a real print behind it, closing sharply higher after a revenue jump and record bookings for its training systems. On a red day for most growth names, verified orders beat narratives. THE LOSERS $AMD fell 8.8% to $534.06, giving back Thursday's gain. Nothing broke in AMD's own story today. The chip group sold off as fresh concern about Nvidia's leadership change spread, and AMD, which had run the hardest on that news, had the most to give back. Broadcom and other AI names fell with it, and the semiconductor index was among the day's weakest groups. $NVDA fell 2.0% to $162.85 in its second session after Jensen Huang resigned as chief executive on Thursday. Finance chief Colette Kress is interim chief executive. The stock is now on track for a long weekly losing streak, and Tuesday's earnings are the first chance for the company to prove the machine runs the same without its founder. $CSCO fell 6.2% to $95.64 even after beating estimates Thursday night. Good numbers were not enough on a day when yields over 5% repriced every enterprise tech multiple. The market sold the sector, not the quarter. $NPCE was the day's cautionary tale, down about 48% after cutting full year revenue guidance to a range around $91 million to $92 million on operational problems at high volume accounts. KinderCare fell sharply as well after a large quarterly loss and lower targets. Guidance cuts, not headlines, did the damage in both. SECTOR SCORECARD Consumer staples led and technology lagged, with financials and communication services holding up better than growth. Six of eleven sectors advanced in the intraday sector read, even as the Nasdaq fell, which is the fingerprint of rotation rather than panic. The cross-sector read-through is simple: at a 5.13% 10-year yield, money pays for cash flow today and discounts cash flow promised for later. That is why staples and banks could rise while the AI supply chain, the best long term story in the market, took the day's losses. THE STORY OF THE DAY Producer prices rose 0.3% in October, a touch below the 0.4% forecast, and 6.5% over the year. That annual rate is the highest since November 2022. Core producer prices rose 0.3% on the month and 5.0% over the year. Why it matters: this was the last major inflation print before the Federal Reserve meets December 8 and 9. Markets have fully priced a quarter point hike, and Governor Christopher Waller had said a half point move should be considered if core inflation ran at 0.3% or higher. October core met that mark, after consumer prices also came in hot on Tuesday. Who it touches: everyone who borrows to build the future. Higher yields raise the cost of the data center buildout, pressure chip and software multiples, and hit crypto first because it trades as the market's leverage gauge. Gold also fell on the week as the dollar strengthened. The constructive read is narrow but real: the monthly pace slowed from September, demand has not cracked, and suppliers like Cisco and Applied Materials just guided to more AI spending, not less. The pressure is in the discount rate, not yet in the order books. EARNINGS Cisco reported Thursday night with earnings of $1.40 a share against $1.33 expected, on record revenue of about $18.5 billion, and raised its full year revenue outlook to a range of $74.8 billion to $75.8 billion on AI networking demand. The stock still fell Friday, which tells you the day belonged to yields. Applied Materials beat as well, with earnings of $4.16 a share and record revenue of $10.41 billion, up 53% from a year ago, and guided the next quarter to about $11.1 billion, above expectations. Management expects another record year for equipment demand as chipmakers add capacity for AI accelerators and high bandwidth memory. Nu was the other standout reporter, with revenue of about $6.26 billion beating expectations and record profit, even as earnings per share came in a penny light. Friday itself was light on large reporters, with no S&P 500 company scheduled, and Japanese banks among the names reporting after the close. FLOW Options flow belonged to Nvidia. Its expiring contracts dominated the most traded list, with heavy volume in both puts and calls around the $160 to $170 strikes, alongside a very active SPY put. That is event trading, not quiet positioning: traders are paying for protection and for upside into Tuesday's print at the same time. Nu also drew unusual call buying, with call volume well above its average after its report. The VIX rose to 19.84, elevated but not panicked. TOMORROW'S SETUP Tomorrow is Saturday, so the next session is Monday, and the week builds to one event. Rocket Lab has its 100th Electron launch window opening Saturday, a reminder that execution milestones do not wait for the tape. Monday brings Pinduoduo before the open. Tuesday is the main event: retail sales in the morning, then Nvidia reports after the close, with expectations around $111 billion in revenue. Home Depot and Disney also report Tuesday before the open. Nvidia has to answer two questions at once: is AI demand still accelerating, and does the company operate the same without Huang at the top. The answer will set the tone for every chip, cooling, power and memory name in the coverage universe. WALL STREET IS THE GREATEST SHOW ON EARTH.@DefiantNewsUS WHOLESALE INFLATION HITS 6.5%, HIGHEST SINCE 2022 BLS reported a 0.3% monthly rise, below forecasts. Bitcoin and ether edged higher around the release; futures still favored a December Fed hike. Read more here: https://thedefiant.io/news/markets/us-ppi-hits-6-5-as-bitcoin-and-ether-edge-higher@yxinsightsHousing is in recession already, in my view. Existing-home sales fell to a 3.75 million annual pace in October, the slowest since August 2010, with mortgages at 7.33%. Will it slump further after the December Fed hike?@xFuturiumTHE MARKET CLOSED. HERE'S EVERYTHING THAT MOVED IT TODAY: THE CLOSE The S&P 500 fell 0.40% to 7,561.67, the Nasdaq Composite fell 0.91% to 25,136.27, and the Dow rose 0.10% to 52,347.55. The 10-year Treasury yield closed at 5.13%, up on the week and above the level equity valuations like to ignore. WTI crude settled near $88.85 and Brent near $96.08, both little changed on the day after a volatile week on Iran headlines. Bitcoin fell to about $68,744, down 6.66%, and Ethereum fell to about $1,933, down 5.76%, as leveraged crypto positions reset alongside stocks. The character of the day was defensive rotation: tech led lower, staples and financials held up, and the Dow's small gain showed this was a growth selloff, not a broad liquidation. THE WINNERS $MOD closed up 27.9% at $135.66 after Bloomberg reported Samsung Electronics is in talks to buy the data center cooling maker. That is reported, not confirmed: Samsung said it could not confirm the report, Modine did not comment, and Reuters could not verify it. The read-through is still real. Cooling is a toll booth in the AI buildout, and a strategic buyer circling a name that had fallen since its November 3 print tells you where the scarcity sits. $NU closed up 11.7% at $13.22 after its Thursday report. Nu posted record net income of about $1.1 billion and record gross revenue, with Mexico now operating as a full bank. In a tape that punished growth, a fintech that grows, earns, and improves its efficiency outlook got paid for it. $VTSI was a small name with a real print behind it, closing sharply higher after a revenue jump and record bookings for its training systems. On a red day for most growth names, verified orders beat narratives. THE LOSERS $AMD fell 8.8% to $534.06, giving back Thursday's gain. Nothing broke in AMD's own story today. The chip group sold off as fresh concern about Nvidia's leadership change spread, and AMD, which had run the hardest on that news, had the most to give back. Broadcom and other AI names fell with it, and the semiconductor index was among the day's weakest groups. $NVDA fell 2.0% to $162.85 in its second session after Jensen Huang resigned as chief executive on Thursday. Finance chief Colette Kress is interim chief executive. The stock is now on track for a long weekly losing streak, and Tuesday's earnings are the first chance for the company to prove the machine runs the same without its founder. $CSCO fell 6.2% to $95.64 even after beating estimates Thursday night. Good numbers were not enough on a day when yields over 5% repriced every enterprise tech multiple. The market sold the sector, not the quarter. $NPCE was the day's cautionary tale, down about 48% after cutting full year revenue guidance to a range around $91 million to $92 million on operational problems at high volume accounts. KinderCare fell sharply as well after a large quarterly loss and lower targets. Guidance cuts, not headlines, did the damage in both. SECTOR SCORECARD Consumer staples led and technology lagged, with financials and communication services holding up better than growth. Six of eleven sectors advanced in the intraday sector read, even as the Nasdaq fell, which is the fingerprint of rotation rather than panic. The cross-sector read-through is simple: at a 5.13% 10-year yield, money pays for cash flow today and discounts cash flow promised for later. That is why staples and banks could rise while the AI supply chain, the best long term story in the market, took the day's losses. THE STORY OF THE DAY Producer prices rose 0.3% in October, a touch below the 0.4% forecast, and 6.5% over the year. That annual rate is the highest since November 2022. Core producer prices rose 0.3% on the month and 5.0% over the year. Why it matters: this was the last major inflation print before the Federal Reserve meets December 8 and 9. Markets have fully priced a quarter point hike, and Governor Christopher Waller had said a half point move should be considered if core inflation ran at 0.3% or higher. October core met that mark, after consumer prices also came in hot on Tuesday. Who it touches: everyone who borrows to build the future. Higher yields raise the cost of the data center buildout, pressure chip and software multiples, and hit crypto first because it trades as the market's leverage gauge. Gold also fell on the week as the dollar strengthened. The constructive read is narrow but real: the monthly pace slowed from September, demand has not cracked, and suppliers like Cisco and Applied Materials just guided to more AI spending, not less. The pressure is in the discount rate, not yet in the order books. EARNINGS Cisco reported Thursday night with earnings of $1.40 a share against $1.33 expected, on record revenue of about $18.5 billion, and raised its full year revenue outlook to a range of $74.8 billion to $75.8 billion on AI networking demand. The stock still fell Friday, which tells you the day belonged to yields. Applied Materials beat as well, with earnings of $4.16 a share and record revenue of $10.41 billion, up 53% from a year ago, and guided the next quarter to about $11.1 billion, above expectations. Management expects another record year for equipment demand as chipmakers add capacity for AI accelerators and high bandwidth memory. Nu was the other standout reporter, with revenue of about $6.26 billion beating expectations and record profit, even as earnings per share came in a penny light. Friday itself was light on large reporters, with no S&P 500 company scheduled, and Japanese banks among the names reporting after the close. FLOW Options flow belonged to Nvidia. Its expiring contracts dominated the most traded list, with heavy volume in both puts and calls around the $160 to $170 strikes, alongside a very active SPY put. That is event trading, not quiet positioning: traders are paying for protection and for upside into Tuesday's print at the same time. Nu also drew unusual call buying, with call volume well above its average after its report. The VIX rose to 19.84, elevated but not panicked. TOMORROW'S SETUP Tomorrow is Saturday, so the next session is Monday, and the week builds to one event. Rocket Lab has its 100th Electron launch window opening Saturday, a reminder that execution milestones do not wait for the tape. Monday brings Pinduoduo before the open. Tuesday is the main event: retail sales in the morning, then Nvidia reports after the close, with expectations around $111 billion in revenue. Home Depot and Disney also report Tuesday before the open. Nvidia has to answer two questions at once: is AI demand still accelerating, and does the company operate the same without Huang at the top. The answer will set the tone for every chip, cooling, power and memory name in the coverage universe. WALL STREET IS THE GREATEST SHOW ON EARTH.@DefiantNewsUS WHOLESALE INFLATION HITS 6.5%, HIGHEST SINCE 2022 BLS reported a 0.3% monthly rise, below forecasts. Bitcoin and ether edged higher around the release; futures still favored a December Fed hike. Read more here: https://thedefiant.io/news/markets/us-ppi-hits-6-5-as-bitcoin-and-ether-edge-higher@yxinsightsHousing is in recession already, in my view. Existing-home sales fell to a 3.75 million annual pace in October, the slowest since August 2010, with mortgages at 7.33%. Will it slump further after the December Fed hike?@xFuturiumTHE MARKET CLOSED. HERE'S EVERYTHING THAT MOVED IT TODAY: THE CLOSE The S&P 500 fell 0.40% to 7,561.67, the Nasdaq Composite fell 0.91% to 25,136.27, and the Dow rose 0.10% to 52,347.55. The 10-year Treasury yield closed at 5.13%, up on the week and above the level equity valuations like to ignore. WTI crude settled near $88.85 and Brent near $96.08, both little changed on the day after a volatile week on Iran headlines. Bitcoin fell to about $68,744, down 6.66%, and Ethereum fell to about $1,933, down 5.76%, as leveraged crypto positions reset alongside stocks. The character of the day was defensive rotation: tech led lower, staples and financials held up, and the Dow's small gain showed this was a growth selloff, not a broad liquidation. THE WINNERS $MOD closed up 27.9% at $135.66 after Bloomberg reported Samsung Electronics is in talks to buy the data center cooling maker. That is reported, not confirmed: Samsung said it could not confirm the report, Modine did not comment, and Reuters could not verify it. The read-through is still real. Cooling is a toll booth in the AI buildout, and a strategic buyer circling a name that had fallen since its November 3 print tells you where the scarcity sits. $NU closed up 11.7% at $13.22 after its Thursday report. Nu posted record net income of about $1.1 billion and record gross revenue, with Mexico now operating as a full bank. In a tape that punished growth, a fintech that grows, earns, and improves its efficiency outlook got paid for it. $VTSI was a small name with a real print behind it, closing sharply higher after a revenue jump and record bookings for its training systems. On a red day for most growth names, verified orders beat narratives. THE LOSERS $AMD fell 8.8% to $534.06, giving back Thursday's gain. Nothing broke in AMD's own story today. The chip group sold off as fresh concern about Nvidia's leadership change spread, and AMD, which had run the hardest on that news, had the most to give back. Broadcom and other AI names fell with it, and the semiconductor index was among the day's weakest groups. $NVDA fell 2.0% to $162.85 in its second session after Jensen Huang resigned as chief executive on Thursday. Finance chief Colette Kress is interim chief executive. The stock is now on track for a long weekly losing streak, and Tuesday's earnings are the first chance for the company to prove the machine runs the same without its founder. $CSCO fell 6.2% to $95.64 even after beating estimates Thursday night. Good numbers were not enough on a day when yields over 5% repriced every enterprise tech multiple. The market sold the sector, not the quarter. $NPCE was the day's cautionary tale, down about 48% after cutting full year revenue guidance to a range around $91 million to $92 million on operational problems at high volume accounts. KinderCare fell sharply as well after a large quarterly loss and lower targets. Guidance cuts, not headlines, did the damage in both. SECTOR SCORECARD Consumer staples led and technology lagged, with financials and communication services holding up better than growth. Six of eleven sectors advanced in the intraday sector read, even as the Nasdaq fell, which is the fingerprint of rotation rather than panic. The cross-sector read-through is simple: at a 5.13% 10-year yield, money pays for cash flow today and discounts cash flow promised for later. That is why staples and banks could rise while the AI supply chain, the best long term story in the market, took the day's losses. THE STORY OF THE DAY Producer prices rose 0.3% in October, a touch below the 0.4% forecast, and 6.5% over the year. That annual rate is the highest since November 2022. Core producer prices rose 0.3% on the month and 5.0% over the year. Why it matters: this was the last major inflation print before the Federal Reserve meets December 8 and 9. Markets have fully priced a quarter point hike, and Governor Christopher Waller had said a half point move should be considered if core inflation ran at 0.3% or higher. October core met that mark, after consumer prices also came in hot on Tuesday. Who it touches: everyone who borrows to build the future. Higher yields raise the cost of the data center buildout, pressure chip and software multiples, and hit crypto first because it trades as the market's leverage gauge. Gold also fell on the week as the dollar strengthened. The constructive read is narrow but real: the monthly pace slowed from September, demand has not cracked, and suppliers like Cisco and Applied Materials just guided to more AI spending, not less. The pressure is in the discount rate, not yet in the order books. EARNINGS Cisco reported Thursday night with earnings of $1.40 a share against $1.33 expected, on record revenue of about $18.5 billion, and raised its full year revenue outlook to a range of $74.8 billion to $75.8 billion on AI networking demand. The stock still fell Friday, which tells you the day belonged to yields. Applied Materials beat as well, with earnings of $4.16 a share and record revenue of $10.41 billion, up 53% from a year ago, and guided the next quarter to about $11.1 billion, above expectations. Management expects another record year for equipment demand as chipmakers add capacity for AI accelerators and high bandwidth memory. Nu was the other standout reporter, with revenue of about $6.26 billion beating expectations and record profit, even as earnings per share came in a penny light. Friday itself was light on large reporters, with no S&P 500 company scheduled, and Japanese banks among the names reporting after the close. FLOW Options flow belonged to Nvidia. Its expiring contracts dominated the most traded list, with heavy volume in both puts and calls around the $160 to $170 strikes, alongside a very active SPY put. That is event trading, not quiet positioning: traders are paying for protection and for upside into Tuesday's print at the same time. Nu also drew unusual call buying, with call volume well above its average after its report. The VIX rose to 19.84, elevated but not panicked. TOMORROW'S SETUP Tomorrow is Saturday, so the next session is Monday, and the week builds to one event. Rocket Lab has its 100th Electron launch window opening Saturday, a reminder that execution milestones do not wait for the tape. Monday brings Pinduoduo before the open. Tuesday is the main event: retail sales in the morning, then Nvidia reports after the close, with expectations around $111 billion in revenue. Home Depot and Disney also report Tuesday before the open. Nvidia has to answer two questions at once: is AI demand still accelerating, and does the company operate the same without Huang at the top. The answer will set the tone for every chip, cooling, power and memory name in the coverage universe. WALL STREET IS THE GREATEST SHOW ON EARTH.@DefiantNewsUS WHOLESALE INFLATION HITS 6.5%, HIGHEST SINCE 2022 BLS reported a 0.3% monthly rise, below forecasts. Bitcoin and ether edged higher around the release; futures still favored a December Fed hike. Read more here: https://thedefiant.io/news/markets/us-ppi-hits-6-5-as-bitcoin-and-ether-edge-higher
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