Week 10/12–10/16: Hot Inflation and AI-Debt Stress Hand SPX Its Worst Week Since June

AI-debt selloff week: SPX −1.95% to 7,659.44 (worst week since June), NDX −5.49%, SOX −11.4% with eight straight losses, VIX +34.7% to 19.99. Hot CPI, PPI and import prices, yet the 10Y fell 14.6 bp to 5.098%; money rotated into staples and energy as Brent hit $110. Regime closed the week RISK-OFF.