ThisCorrosion

US inflationary pressures are broadening: Core CPI inflation surged to a 3-month annualized rate of +3.75% in October, its highest reading since April 2024. This marks its 3rd consecutive monthly increase, up from +1.64% in July. At the same time, core services less shelter inflation, also known as Supercore CPI and closely monitored by the Fed, rose to a 3-month annualized rate of +5.45%, its highest since mid-2024. The weighted proportion of CPI components rising at an annualized rate above 2% soared to 76% last month, the largest percentage since August 2022. This figure has risen +17 percentage points since July, marking its sharpest 3-month increase since early 2021. The Fed's fight against inflation is far from over.

On the Nvidia situation: Nvidia, $NVDA, is now down another -7% today and -12% since the Jensen Huang affair situation began. At this point, the market is pricing in two major potential headwinds. First, the growing possibility that Jensen Huang will be removed as CEO. Second, possibility that sensitive Nvidia technology or information was compromised. Are these scenarios possible? Sure, but we believe both remain unlikely, with less than a 20% probability. Nvidia's stock is now down -32% in just 24 trading days, erasing -$1.8 trillion in market cap, with over one-third of these losses coinciding with the Jensen Huang controversy. We believe Huang remains an integral part of Nvidia's future and the broader AI Revolution, and this week's events will not derail the broader thesis. As the dust settles and uncertainty begins to fade, we expect bargain hunters to step in. The fundamental AI investment thesis remains intact.

BREAKING: The US Bureau of Labor Statistics (BLS) announces that this week's October CPI inflation data will not include year-over-year numbers. BLS says that missing data from the October 2025 government shutdown "prevents reliable annual comparisons." We will only be receiving monthly figures.

BREAKING: President Trump says he and the Department of Justice had a situation with "a leader of a major AI company" and were about to "send him to jail for doing something bad with AI." "We said get ready to go to jail. See your wife and children because tomorrow morning you're going to jail," Trump said. Trump says this person then "totally changed everything" and was not sent to jail. Trump refuses to specify who this individual was.

BREAKING: Nasdaq 100 futures erase all losses and turn green as investors buy the dip after Nvidia CEO Jensen Huang's relationship with a Chinese spy. The Nasdaq just lost -$250 billion and added +$300 billion all within 7 minutes of the market's initial reaction to the news.

BREAKING: US M2 money supply jumped +$113 billion in August, to a record $23.41 trillion. YoY, M2 grew +5.7%, its largest YoY increase since May 2022. This also marks the 3rd consecutive month of accelerating growth. So far in 2026, M2 has risen by an average of +$136 billion per month. This is 89% above the average monthly growth of +$72 billion recorded throughout 2025. US money creation is gaining momentum.

BREAKING: President Trump asks UFC CEO Dana White to be the next White House Press Secretary. Trump also asks Dana White to bring various UFC fighters with him to “defend us against the Lunatic Left.”