Good morning.

The Fast Five → Tesla unveils ‘flying’ sports car, stocks recover after multi-day tech selloff, AI trade rout sparks flight to Treasuries, Nvidia debuts three new open AI models, chip stocks wipes out $2 trillion after latest selloff…

  • Today:
    None watched

  • Tomorrow:
    None watched

Your 5-minute briefing for Friday, October 16:

BEFORE THE OPEN

As of market close 10/15/2026.

Pre-Market:

Market Wrap:

  • Futures: Dow +10, S&P flat, Nasdaq -0.3%

  • Thu: Dow +500+ (+1.1%), S&P +0.3%, Nasdaq +0.1%

  • S&P snapped a three-day losing streak

  • Rotation out of tech lifted broader markets

  • AI spending concerns continued pressuring chip stocks

  • Hot inflation and elevated oil remain headwinds

EARNINGS

Nothing watched today. Full earnings calendar »

Circle November 4 —

Because Wall Street insider Rob Spivey says THAT is the day Elon's "Shadow Trust" drops its next payout.

Rob's backtest puts the number at an average of $12,000. Miss the 4th, and you miss a payout that is ALREADY on the calendar.

- A sponsored message from Altimetry -

HEADLINES

Tesla finally unveiled the long-awaited Roadster on Thursday night.

Investors flocked to safer assets on concerns the AI buildout could falter in the face of weak consumer demand and high inflation.

  • Dow jumps, S&P 500, Nasdaq gain as AI jitters fade (more)

  • Chip stocks set to wipe out $2 trillion after latest selloff (more)

  • AI trade rout sparks flight to Treasuries, bond yields sink (more)

  • AI selloff hammers hedge funds this week, Asia managers lead losses (more)

  • Producer prices post largest gain in 4+ years; retail sales beat expectations (more)

  • Oil edges down as investors weigh possible US sanctions on ‘shadow fleet’ (more)

  • AI could drive a Tesla-SpaceX tie-up as soon as this fall (more)

  • Anthropic’s valuation could be slashed by $500B (more)

    • NYC Comptroller Levine urges Anthropic to pause US IPO (more)

  • As AI stocks plunge, Apple is riding high (more)

  • Nvidia debuts three new open AI models (more)

  • CoreWeave’s selloff spotlights growing burden of debt behind AI boom (more)

    • CoreWeave founders shield fortunes with $3.3B stock sales (more)

  • TSMC drops despite record profit amid ‘extremely robust demand’ for chips (more)

  • AI credit worries send default insurance to record high (more)

DEALFLOW

M+A | Investments

  • GTCR, Elliott acquire software firm CCC for $4.6B

  • EQT agrees to acquire US real estate investment manager Stockbridge

  • Zara billionaire owner Ortega buys $550M Chicago Tower

VC

  • ICON, a provider of robotic construction systems, raised $200M in Series D funding

  • Harmonic Security, a workforce AI security platform provider, raised $50M in Series B funding

  • Sirona Medical, an AI-native radiology software platform, raised $40M in Series D funding

  • Allara, an integrated virtual care platform for women's hormonal, metabolic, and reproductive conditions, raised $30M in funding

  • EZ Bombs, a provider of seasoning products for traditional Mexican and Hispanic dishes, raised $25M in Series A funding

  • Zippy, a company focused on manufactured housing finance, raised $20M in Series C funding

  • CarbonAI, an agentic AI platform for commercial real estate lending, raised $12M in funding

  • Fragment, an AI-enabled financial infrastructure platform, raised $12M in funding

  • Mana Battery, a developer of sodium-ion battery technology, raised $10.15M in funding

  • Fission, a provider of liquidity infrastructure for tokenized investment funds, raised $10M in Series A funding

  • Forgepoint, an AI inside sales rep platform built for manufacturing, raised $9.8M in Seed funding

  • Otter Health, an AI-powered utilization management and clinical quality platform, raised $8M in Seed funding

CRYPTO

  • Bitcoin whipsaws as crypto liquidations near $1 billion (more)

  • MSCI adopts index exclusion rules that could oust Strategy (more)

  • Binance.US seeks $1B valuation in potential $100M funding round (more)

BULLISH BITES

🏛️ Have you heard of Elon’s “Shadow Trust”? *

🤔 How deep does the AI sell-off go?

🔥 The too-hot-for-comfort economy.

⏱️ Why CoreWeave panic matters to Nvidia, explained in under 30 seconds.

🍕 MA new book documents NY’s wildly improvised pandemic-era dining sheds.

DAILY SHARES

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