The CB Weekly Market Recap (Oct 11th - Oct 17th, 2026) ⚡️

🔴 The Nasdaq closed Friday at 26,140.03, down 4.5% on the week and its worst showing since June. The S&P 500 finished at 7,659.44, off 1.9%, while the Russell 2000 fell 3% to 2,721.37. The Dow was the exception, gaining 0.7% over the week to 52,002.41. It touched a one-month high during Friday’s session as banks outperformed, although it ultimately closed the day lower.

🔴 September CPI landed hot on Wednesday at 0.6% for the month and 3.7% annually, up from August’s 3.4%. Core inflation also exceeded expectations, rising 0.3% monthly against a 0.2% forecast, with the annual rate climbing from 2.4% to 2.6%. Gasoline prices jumped 9.1% and accounted for more than half the monthly headline increase. Airline fares were another pressure point, rising 22.4% over the past year.

🔴 CoreWeave lost roughly 25% on the week, closing Friday at $61.39 after an 11.9% drop in the session. Some of its bond yields climbed above 15%, while credit-default swap spreads exceeded 1,000 basis points. Borrowings and lease liabilities totalled roughly $51.6 billion at June 30th, leaving the company heavily dependent on external financing to fund its expansion. BNP Paribas warned that traditional parent-company debt financing was becoming increasingly uneconomic, potentially pushing it towards convertible debt and equity issuance.

🔴 The Philadelphia semiconductor index fell 3.8% on Friday for an eighth consecutive losing session. Software joined the selloff, with the iShares Expanded Tech-Software Sector ETF dropping 4.8%. Nebius fell 12.2% and IREN 11.2% as pressure spread through the neocloud sector. At one point on Wednesday, declines in CoreWeave, Nebius, Oracle and Dell had wiped roughly $80 billion from their combined market value.

🔴 JPMorgan reported a rare miss on both revenue and adjusted EPS on Tuesday. Net income still rose 6% to $15.3 billion on reported revenue of $50.2 billion, and the bank raised its 2026 net interest income guidance to $106.2 billion. Goldman beat expectations with $5.29 billion in quarterly profit, helped by a 72% jump in equities trading revenue against JPMorgan’s 49%. Bank of America reported EPS of 91 cents; on an adjusted basis, earnings were $1.08 against the $1.10 expected.

🔴 Brent touched $110 a barrel on Friday for the first time since May, settling at $109.86 for a weekly gain of 4.9%. WTI settled at $101.41, up 10.4% on the week. Renewed attacks on shipping around the Strait of Hormuz and threats to Saudi energy infrastructure intensified supply concerns. Saudi Arabia intercepted a missile headed towards Yanbu, while a Ukrainian drone attack forced Russia’s Ryazan refinery to halt a primary processing unit.

🔴 Treasuries found buyers despite the hot inflation data, with the 10-year yield falling roughly 13 basis points on Thursday as investors sought safety during the tech selloff. Friday trading left yields around 5.1%. Markets increasingly favoured a Fed hold on October 28th, while continuing to price further tightening. Warsh offered no explicit signal on the next decision, saying the economy had broadly performed as expected since September’s meeting.

🔴 Bitcoin finished Friday around $81,600 after trading above $84,000 earlier in the week and briefly slipping below $80,000 on Thursday. Ether finished near $2,420, roughly 3% below the previous Friday, after touching a Thursday low around $2,325. During the selloff, a rolling 24-hour CoinGlass snapshot showed approximately $942 million in liquidations, with long positions accounting for 91.6%.

🔴 Five tracked U.S. crypto ETF categories recorded combined net outflows of $610.7 million over October 12th–16th, with every category finishing negative. Ether funds led withdrawals at $320.1 million, ahead of Bitcoin’s $228.4 million—a notable inversion given the relative size of the two markets. Solana, Zcash and Hyperliquid products accounted for the remaining $62.2 million. Total withdrawals were roughly 52.5% lower than the previous week’s $1.29 billion.

🔴 As for next week, earnings guidance and financing plans deserve close attention. For AI companies spending heavily on infrastructure, the question is how that expansion gets funded and when it starts paying for itself. Oil remains a wildcard, with Brent near $110 and renewed threats to regional supply routes. The Fed’s October 28th decision follows the week after, with markets leaning towards a hold. Stay sharp lads.