🚨U.S. markets could face MORE TURBULENCE next week.
The Nasdaq 100 has lost more than $2 TRILLION across October as concerns over AI spending intensify.
Volatility surged on Friday: VIX rose 12.9% to 19.42, while VXN jumped 13.2% to 28.50.
Options markets are pricing in larger swings over the next month.
Markets face pressure from several directions:
- The November 3 election will determine control of Congress, with implications for the administration’s tax, spending and regulatory agenda.
- U.S. crude settled at $104.12 amid concerns over further escalation involving Iran. Higher energy prices threaten to prolong inflation and complicate rate cuts.
- Big Tech’s rising infrastructure budgets are intensifying concerns over returns and financing needs. The Nasdaq Composite fell 2.9% on Friday, while Intel plunged 28.6%.
Election results, oil prices and Treasury yields could determine whether stocks stabilize, or face another wave of selling.