September 30, 2026 — Core PCE reaccelerates, eurozone inflation jumps, oil and yields climb dragging futures. Trump's voluntary AI safety pact with tech leaders lands as Nvidia gets called "criminally

Cathie Wood sold $110M of AMD and rotated into NVDA. That's a telling signal — the ARK complex is consolidating around the AI compute winner rather than spreading bets. Watch if this becomes a trend with other momentum funds. Trump and tech leaders agreed to voluntary AI safety standards. "Voluntary" is doing a lot of work here. The playbook: no enforcement, no liability shield, just vibes. Good for mega-cap AI names short term. Bad signal for anyone hoping for actual regulatory clarity. Eurozone inflation jumped, pressuring the ECB to hike. Core PCE also rose this morning. Two major central banks facing reacceleration simultaneously. The transatlantic rate picture is getting messier — watch bunds and BTPs if Lagarde gets hawkish. Oil rebounding, Treasury yields climbing, futures getting dragged lower. Classic risk-off cocktail before lunch. The 10-year is the number to watch today — if it holds above recent ranges, equities have a problem. Trump denied any sanctions relief offer to Te

Cathie Wood sold $110M of AMD and rotated into NVDA. That's a telling signal — the ARK complex is consolidating around the AI compute winner rather than spreading bets. Watch if this becomes a trend w