Edited by Peter Hillerberg2 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Financial sector results dominate Wednesday's calendar. Bank of America and Progressive report today. Charles Schwab and Bank of New York Mellon follow on Thursday. Every print lands against the same backdrop: September CPI-U hit 336.94, the highest September reading on record since 1997. Core CPI came in at 339.29, also a record. Rate-cut expectations are being pushed further out by the day.
That inflation data hit rate-sensitive sectors hard. Analysts cut targets on residential REITs including Camden Property Trust, , , and in a coordinated sweep. also took a trim. Storage names and were formally downgraded.
Semiconductor names are drawing the most two-sided options traffic this week. Micron Technology tops both the bullish and bearish bets tables despite being up 234% year-to-date. NVIDIA and Advanced Micro Devices sit high on the negative bets list. Bears appear to be hedging large year-to-date gains ahead of Q3 reports. ASML dropped today despite signalling strong AI demand in results, drawing fresh put interest.
American Electric Power announced a $4 billion fuel cell commitment backed by a long-term deal with Alphabet. The news lifted Bloom Energy alongside it.
Five sessions remain before the MSCI World November review rank date on 19 October. Xero Limited sits just 0.6% above the exit line. PLS Group is already 2% below it, with ORTEX's Index Rebalance Radar putting deletion odds at 83% for both. A deletion forces 7 to 11 days of normal selling volume through trackers. The announcement lands 11 November.
Chewy saw short interest jump from 66% to 89% of free float in five days. Bears have room to add: availability sits at 500% of current short interest. Tesla reports Q3 results on 21 October. German car registration data, a leading indicator that ORTEX data shows running 269% above the same quarter last year, points to a strong quarter for revenue.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
