Friday, October 09, 2026 — AI IPO window cracks ($5BN Firmus pull), Pimco floats 6% 10-year yields, and $BAC logs the biggest weekly money-market inflow since the pandemic. Banks kick off earnings nex

US moves to reassure Taiwan as Trump-Xi ties stall a big arms deal. Watch this: any Taiwan escalation hits semis first, and that's the one supply chain the AI trade cannot hedge. Big banks report next week. First real read on whether high rates are still boosting net interest income or starting to crack credit. Guidance matters more than EPS. Two massive trades in $MU and $NVDA show chips are still the cleanest AI expression. But $NVDA-backed Firmus scrapped a $5BN Australian IPO on weak demand, and $LITE says opto-parts capacity is sold out to 2029. Public market skepticism, private market FOMO. Pimco's Ivascyn says the US 10-year Treasury yield could hit 6% for the first time since 2000 — even without market upheaval. That's the wrecking ball: it reprices every equity multiple and makes cash even more attractive after $BAC logged the biggest weekly money-market inflow since the pandemic. $META edges lower on a Hunterbrook short report. Short reports are back as a mega-cap risk factor

US moves to reassure Taiwan as Trump-Xi ties stall a big arms deal. Watch this: any Taiwan escalation hits semis first, and that's the one supply chain the AI trade cannot hedge.