Good morning, you're listening to Markets Desk.
Last week's tech selloff hit harder than most asset classes, with the Nasdaq-one hundred dropping five and a half percent over five sessions through October fifteenth, while Bitcoin shed just one point three percent. Goldman Sachs prime brokerage data shows hedge funds cut technology positions at the fastest pace since at least two thousand sixteen, raising fresh questions about stretched valuations in the sector.
That selloff sets a tense backdrop as earnings season shifts into higher gear this week. Beyond the AI headlines, investors are looking for real signals on consumer spending and the health of corporate America in sectors that don't carry the same hype. What companies say about demand and margins in the weeks ahead will matter far more than any single print.
Meanwhile, crude oil is commanding serious attention, with U.S. prices surging past one hundred nine dollars a barrel and Brent crude hitting a five-month high. Middle East tensions are keeping supply risk firmly on the table, and energy traders are watching closely for any escalation that could tighten global flows further. Higher oil is a tax on everything else, and the bond market knows it.
That's the tape. Markets Desk, signing off the floor.
