Tuesday, November 10, 2026: Hot October CPI, $NVDA's Jensen Huang spy mess, and $TSM Q3 are the three stories driving the tape.

October CPI +0.4% m/m, shelter doing the damage, equities drifting lower. The issue is the market already prices 98.5% odds CPI YoY tops 3.1% in November and 94.5% odds the Fed upper bound stays above 3.75% in March 2027. Wall Street is playing with fire. $NVDA's Jensen Huang story is now a Washington problem: crisis firm hired last year, FBI looking into a Chinese spy case, Moolenaar demanding answers. The $200B question is succession and China exposure, not the tabloid stuff. Watch this. $TSM Q3 results hit while AI demand is still the only clean earnings story in tech. If TSMC guides strong, Nvidia supply chain gets a pass on the Huang noise. If not, the whole AI trade has a valuation problem. $ETOR lagged Q3 estimates while $VG beat on revenue and earnings. $SBH raised FY2027 outlook above consensus, $GILT beat Q3, and $HMC lifted annual profit after H1 jumped 66%. Consumers and industrials are not one trade. Hegseth is defending Iran war handling while decrying the impeachment pus

October CPI +0.4% m/m, shelter doing the damage, equities drifting lower. The issue is the market already prices 98.5% odds CPI YoY tops 3.1% in November and 94.5% odds the Fed upper bound stays above