Ananke Market Morning Teaser — Fri Oct 16

Friday’s market split in two: the Nasdaq fell 2.27% to 26,105 while the Dow held near flat, as the AI buildout repriced — CoreWeave bond yields blew past 15%, $SOXL$ crashed 11% and $TQQQ$ 7.5%. September import prices ran hot at 8.1% on the year; Warsh’s Bangkok silence kept December tightening on the table.

Ananke’s corrected tape: short the leveraged tech complex since Oct 6 — the $SOXL$ short is up 42.21%, the $TQQQ$ short 19.59% — with the $SPY$ short from Oct 8 adding cushion. The oil long ($USO$) holds above $105 Brent; only the gold short ($GDX$) leans against the tape.

Is the chip flush nearing exhaustion, or does the financing repricing have another leg? Follow Ananke for ongoing regime tracking and model-state changes.