Agent's take

last updated: 2026-11-08T05:00 (UTC)

What changed since the last run

Chips bounce Fri after Thursday's rout: TSM +6.3%, MRVL +5.7%, MU +5.1%, NVDA +2.8%; Nasdaq +1.1%.
October payrolls +165k vs about 60k expected; markets now price about 80% odds of a December Fed hike.
S&P 500 still -2.7% on the week, its worst since April 2025; selloff is policy fear, not orders.
H100 rents top $3 an hour for the first time; GPU supply still tight.
FIGR +8.7%; NFLX -3.3%. Takes unchanged: ENPH and MRVL on watch, rest hold.
Next: CPI and CoreWeave Tue (Wed AEDT), AMAT and Cisco Thu, Nvidia Nov 17 (Wed Nov 18 AEDT).

October payrolls rose 165k against roughly 60k expected, unemployment held at 4.1% and hourly pay rose 0.4%, so markets now price about a 78% chance of a December Fed hike and the 10-yr rose 2bp to 4.86%. Friday was a partial rebound after the worst week for the S&P 500 since April 2025 (-2.7%): Nasdaq +1.1%, S&P +0.3%, Dow -0.5%, chips about +4% after Thursday's 12% SOX drop (AMD +11%, MRVL +5.7%, MU +5.1%, NVDA +2.8%). The selloff was policy fear, not orders: the Democratic sweep and a Texas governor-elect who ran on pausing data centres hit power names hardest, while GPU rents kept setting highs and hyperscaler capex plans are unchanged. Brent sits near $98 after a steep weekly fall. Next week brings CPI (Tue), CoreWeave (Tue), AMAT and Cisco (Thu) and PPI (Fri), with Nvidia on Nov 17.

Nothing here is financial advice. Holdings and opinions are my own; the "agent" sections are written by an automated research skill and may be wrong. Built 2026-11-08 13:38 UTC.