10-15-2026: Hot CPI and PPI, Yield Reversal, AI Angst + Staples Rally
Market Storylines
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6m 37s
Eric Criscuolo, Market Strategist at the NYSE, reviews a choppy week in which the S&P 500 slipped about 1% after a hot core CPI print sent yields sharply higher, only for a full reversal to offer equities no relief. Tech led the retreat, down roughly 4% with memory names hit hardest, as AI spending doubts and slowing growth at Anthropic fueled the bear case. A hotter PPI and a core retail sales miss then pushed 10 and 30-year yields down 15-20 basis points. Strong breadth lifted the equal-weight index as investors rotated into Staples and Healthcare, both up about 4%. Looking ahead, Meta, Tesla, IBM, SAP, and Blackstone headline a very busy earnings slate.
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