The Fed raised rates on Sept. 16 for the first time since 2023. It will decide on a further hike at the Oct. 27-28 meeting. A strong CPI would raise hike expectations and retest the 5.3% area on the 10-year yield.

In its explanatory materials for the September Monetary Policy Report, the BOK assessed the current level as at the upper end of its estimated neutral rate range, and 16 of 21 members projected 3.25-3.50%. The hawkish view prevails. The outcome of the October Monetary Policy Board meeting could not be confirmed.

The Dow closed at 51,850 (+0.38%), the S&P 500 at 7,807 (-0.06%) and the Nasdaq at 27,246 (-0.44%). Money moved from tech stocks to value stocks.

The S&P 500 closed little changed on higher oil prices and weak memory chip stocks. Micron fell 3.88% to 989.04, its third straight decline (full article not verified, based on search summary).

JPMorgan, Goldman Sachs, Citi and Wells Fargo report on the 13th, and Morgan Stanley and BofA on the 14th. LSEG expects S&P 500 third-quarter earnings to grow more than 30%. The bank stock index has fallen 9% over the past month.

A Reuters poll shows 3.6% year over year and 2.5% core. The Fed raised rates in September for the first time since 2023 and will decide on another hike on Oct. 27-28.

The 10-year yield rose as high as 5.261% on Oct. 9. Some saw 5% as a threshold for equity stress, but the market is still absorbing it. One analyst warned that the index will eventually show its limits under the rate burden.

On Oct. 9, WTI was $91.85 and Brent $104.72, up 0.4%, on shipping risk in the Middle East. On Oct. 12 they rose further, with WTI at $93.28 (+1.56%) and Brent at $106.08 (+1.30%).

Saying talks are productive and that there will be no attack on Iran before the November midterms, Trump lifted investor sentiment. Oil rose 0.4% the same day and did not react.

The Dow closed at 51,654.95 (+0.8%), the S&P 500 at 7,811.54 (+0.6%) and the Nasdaq at 27,366.17 (+0.6%). Nine of 11 sectors rose and the VIX fell to 14.84.

CCI rose 15.6% and AMT 15.5%, on expectations for satellite connectivity and wireless infrastructure. Real estate (+1.9%) was the strongest of the 11 sectors. No specific disclosure could be confirmed.

The KOSPI fell for a fourth straight session to 6,384.24 (-3.65%). Since Oct. 6 the cumulative decline is 619.50 points (-8.85%). Foreign investors net sold 2.0186 trillion won while individuals net bought 1.4674 trillion won.

The VKOSPI rose 10.65% to 40.73. Foreign investors sold more than 1 trillion won of SK hynix and more than 530 billion won of Samsung Electronics. The backdrop is higher U.S. Treasury yields and caution toward global tech stocks.

The KOSDAQ closed at 849.19 (-43.08 points), its largest drop since July 29. Leeno Industrial -11.15%, Simmtech -10.36%, EcoPro BM -10.25% and Rainbow Robotics -8.86% were among the biggest decliners.

Revenue was 195 trillion won and operating profit 107.4 trillion won. Operating profit beat the consensus (106.6 trillion won) by about 760 billion won, while revenue missed the forecast (200.6 trillion won) by 5.6 trillion won. Operating profit rose 782.5% year over year and 20.01% from the previous quarter, led by HBM4 sales and higher commodity DRAM prices.

Samsung Electronics -4.39% (250,500 won), SK hynix -4.52% (1,605,000 won), SK Square -6.29% and Samsung Electro-Mechanics -3.82%. Foreign selling continued despite strong chip exports.

The figure is presumed to be a preliminary Korea Customs Service number, but the original source could not be confirmed. It was cited in the context that it failed to stop the share price decline.

Foreign net selling on the KOSPI ranges from 2.0180 to 2.0205 trillion won depending on the outlet. Institutions net sold about 110.7 billion won and individuals net bought about 1.4674 trillion won. By Korea Exchange data, the top foreign net sales were SK hynix and Samsung Electronics.

On the day, XLK -1.22% and XLE +1.43% moved in opposite directions. The index was flat at -0.06%, masking the internal exodus. Bearish views topped the same thread, countered by the view that "this is a correction, not a crash, and we respond with cash."

Practitioners echoed the Broadcom CEO's remark that "AI investors are gamblers," saying "many experiments don't pencil out on unit economics," while rebuttals coexisted. The OpenAI revenue report (NVDA -3%, ORCL down about 6%, 10-08) and the CXMT announcement have now cracked the AI chip narrative twice.

A $6M long in RDDT (32,000 shares and 400 call contracts) was posted. The rationale is revenue growth above 60%, a 91% gross margin and a forward P/E of 24. The same day, a post on r/stocks criticized its FCF in comparison with NVIDIA. Call betting ahead of TSMC earnings (10/16) also increased.

Comments were mostly "I wouldn't pay for it," yet the stock rose. It is a case of community sentiment diverging from price, in line with XLC +0.97%.

With the 10-year yield in the 5.2% range and the 13-week T-bill at 4.057%, demand for safe money is heading to short-term Treasury ETFs. It matches the flow CNBC ETF Edge described, with $75 billion a month flowing into bond ETFs ($525 billion year to date).

The remark compares AI investors to gamblers. WSB consumed it as a self-deprecating meme.

Points to weakness in small and mid-cap growth stocks and AI infrastructure against Nasdaq strength.

BMBL surged 52% intraday on the WSJ report of $1 billion take-private talks. It is also No. 2 on the top 10 gainers list at +49.61%.

The community view that "market breadth is worsening and only the Mag 7 and energy are rising" matches prices. XLE +1.43%, XLP +1.17% and XLV +0.69% rose while XLK -1.22%, SMH -2.05% and the Russell 2000 -0.45% fell. Concerns about a surge in oil prices (r/economics, r/StockMarket) also match Brent +1.30%.

The surge in memory chip mentions ($MU No. 1, $SNDK No. 3) moves in the same direction as MU -3.88% and SMH -2.05%. However, WSB sentiment leans bearish given the many loss confessions.

Meta Muse drew a negative community reaction but the stock rose (XLC +0.97%). $RDDT in the top 10 has many bullish position posts, but they clash with the FCF criticism on r/stocks, so there is no consensus.

r/StockMarket expects corporate buying to return as buyback windows reopen around Oct. 15, but the Korean market lost the 6,400 level the same day on foreign selling. This differs from the "buyback gap" for Korean investors (based on a Korea Economic TV headline).

r/CryptoCurrency and r/Bitcoin discussed security incidents (Ledger, fake wallet apps) rather than prices. Price sentiment is a weak signal in the same direction as the weakness in BTC -2.08% and ETH -3.09%.

Amazon is in talks to acquire AI startup Decart for about $7 billion (an estimated $4 billion in May). Decart makes software that lets developers switch between AI chips (TPU, Trainium, Nvidia and others). Microsoft unveiled Maia 300 at the OCP Global Summit, manufactured by TSMC, with token throughput per megawatt said to be up 40%. The trend is toward reducing dependence on Nvidia.

Muse (unveiled Sept. 8) has strong downloads but heavy early churn, and the retention of remaining users is seen as higher than Grok or Google Maps but lower than ChatGPT. The outcome feeds into the justification for Meta's capex of hundreds of billions of dollars.

About $86 million was stolen from Ledger hardware wallets through tampered resellers (Bitquery estimates $93.2 million). Bitcoin ETFs saw about $600 million of net outflows after last week's $1.7 billion surge in inflows. The host reads BTC's $80,000s range as a bullish sign (the transcript says "80s," presumed to mean thousands of dollars).

The Houthis attacked Riyadh's King Khalid airport twice, on Saturday and Sunday, killing at least 12 and injuring more than 300. Asked whether he would join Saudi Arabia in retaliation, Trump answered "Maybe." Even so, oil was flat early in the session, offset by news of an agreement to ease sanctions on Russian diesel and a Russia-Ukraine energy ceasefire. Nvidia is considering additional investment in Reflection AI (valued at $25 billion).

With the bond market closed, bank earnings open the earnings season. The FAA issued a security warning to airlines after the Riyadh airport attack, and Delta pushed back new Saudi service to next March. WTI rose more than 2% to just under $94 and Brent to just under $107. CRM rose 1.8% and JetBlue fell about 4%. Because the transcript had inconsistencies in the Dow's direction, index figures are based on market data.

Nate Geraci of Novus Wealth says bond ETFs took in $75 billion over the past month and a record $525 billion year to date. Money is flowing in even though many bond ETFs are negative for the year. With equity indexes at record highs and rates at multiyear highs, the 40% in a 60/40 is a burden, and managed futures ETFs are drawing attention as an alternative.

One panelist thinks the earnings numbers are priced in and that guidance and 2027 earnings growth (15% expected) are what matter. Another expects hyperscaler capex to hold or rise slightly. A cautious panelist points out that even with the index at record highs, most stocks are below their 50-day moving averages and more than half are below their 200-day averages. He also noted that Micron and SK hynix cannot get past their highs.

IonQ's CEO said the company will acquire cybersecurity firm Elicity for up to $1.3 billion. Elicity brings about 100 customers. As this is the party's own statement, it carries a promotional tone.

Samprotv, Korea Economic TV and MTN had no transcripts for the video content, so only titles were checked. The titles cover worsening foreign investor flows and the KOSPI decline ("KOSPI 6,400 breaks," "KOSPI drops despite record Samsung earnings"), progress by China's ChangXin Memory (CXMT) on next-generation DRAM, and a buyback gap. Directional judgments are limited to the scope of the titles.