When the AI Trade Unwinds and Inflation Stays Hot

CME Group1 day ago2:58

The Nasdaq-100 and S&P 500 posted their worst single-day losses since April 2025. Jim Iuorio of JI Financial Strategies breaks down why, from the unwinding of the AI trade to a hotter-than-expected CPI report. The Nasdaq-100 fell roughly 16% from its early October highs while the S&P 500 was down just over 7%. Jim traces the divergence to crowded positioning in technology, with one index spending three sessions below its 200-day moving average while the other barely breached that level before recovering. With PPI due Friday and Nvidia earnings on November 17, he lays out what retail traders should watch as inflation and AI sentiment pull equities in opposite directions. Learn more: https://www.cmegroup.com/markets/equities.html #nasdaq #AI #Nvidia #inflation

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