10-22-2026: Oil Breaks Higher, AI Capex Worries + Yields Retreat Below 5%
Market Storylines
•
6m 25s
Michael Reinking, Senior Market Strategist at the NYSE, reviews a volatile week as the S&P 500 held near its 100-day average around 7,600 amid AI capex worries. Brent crude rose over 4% to new highs on tanker attacks and a US order for non-emergency personnel to leave Saudi Arabia. Tech reversed its early-week bounce as another data center IPO flopped, while industrials and transports showed resilient demand. Treasuries caught a flight-to-safety bid, with yields down over 10bps and the 10-year back below 5% for the first time in a month. Looking ahead, Fed, ECB, and BOJ rate decisions, Q3 GDP, PCE, and earnings from over 40% of the S&P 500 mark a big week.
Up Next in Market Storylines
-
10-15-2026: Hot CPI and PPI, Yield Re...
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 spendi...
-
Market Storylines: Oil Swings, Rising...
Michael Reinking, Senior Market Strategist at the NYSE, reviews a volatile week as the S&P 500 hit a record Tuesday before rising oil and global yields weighed on stocks. Oil swung over 5% on Strait of Hormuz attacks before easing after President Trump said no Iran strike would come before the mi...
-
10-1-2026: AI's Rebrand to SI, Surgin...
Eric Criscuolo, Market Strategist at the NYSE, reviews a quarter capped by President Trump's order rebranding AI as Super Intelligence, part of the Triple Play of SI, yields, and oil that left the S&P 500 up 2% in Q3 despite a 2% equal-weight decline. September was historically weak, with yields ...
