CPI, PPI and TSMC Earnings Recap | WEEX Weekly Market Recap (2026.10.12-10.16)

Key Themes This Week

The week’s main storyline moved from oil-driven inflation pressure to CPI and PPI repricing, then to TSMC earnings as a validation point for AI chip demand. QQQ, SPY, BTC, and ETH were repeatedly pressured by Treasury yields and AI valuation concerns, but the quick rebound after PPI showed that buyers were still willing to step in near key support levels; within crypto, PYTH, L2, privacy tokens, and crypto-finance names created structural opportunities.

October 12 | Monday

BTC Tested the $84K-$85K Resistance Zone as L2 and DePIN Names Led | ★★★☆☆
BTC traded near $83,700 early in the week and tested the $84,000-$85,000 cost-cluster zone, but failure to hold above that area left the market vulnerable to later pullbacks. STRK, MANTA, MAGIC, and FIL outperformed across L2, ZK, DePIN, and gaming themes, showing that capital still sought high-beta narratives while majors consolidated.

Potential Trading Instruments:
Spot: BTC, ETH, STRK
Futures: BTC, ETH, STRK

October 13 | Tuesday

Oil Strength and Mixed Bank Earnings Weighed on Risk Appetite | ★★★★☆
Oil briefly climbed near $107, lifting inflation concerns, while mixed bank earnings pressured financials and rate-sensitive risk assets. Semiconductors, optical networking, and memory names weakened, showing that AI hardware remained exposed to both valuation pressure and concerns over infrastructure-spending durability.

Potential Trading Instruments:
Spot: QQQ, SPY, BTC
Futures: QQQ, SPY, BTC

October 14 | Wednesday

Hot CPI Lifted Rate Pricing and Pressured Chips and Crypto | ★★★★★
CPI came in hotter than expected, pushing markets to reprice rate-hike odds and pressuring major indexes, chip stocks, BTC, and ETH. QQQ, BTC, ETH, and semiconductor-linked assets all felt the impact of higher discount-rate pressure, while PYTH outperformed on its full-revenue buyback rule, showing that crypto still had independent narrative-driven trades.

Potential Trading Instruments:
Spot: QQQ, BTC, ETH, PYTH
Futures: QQQ, BTC, ETH, PYTH

ASML and Financial-Asset Management Earnings Showed Divergence | ★★★★☆
ASML earnings kept semiconductor equipment in focus as a key AI capex read-through, but the hotter CPI print weighed on high-valuation technology trades. BAC, MS, and BLK earnings added signals on trading activity, flows, and client risk appetite, with the market reaction showing that investors cared more about earnings quality than headline growth.

Potential Trading Instruments:
Spot: ASML, QQQ, SPY
Futures: ASML, QQQ, SPY

October 15 | Thursday

Hot PPI Triggered a Sharp Selloff, Then Risk Assets Rebounded | ★★★★★
PPI rose 6.3% year on year, above expectations, briefly strengthening rate-hike pricing and pushing BTC below $80,000 as equities and crypto sold off together. The market then digested the shock quickly: BTC recovered to the $82,000-$83,000 range and major indexes closed higher, signaling that dip-buying around key support remained active.

Potential Trading Instruments:
Spot: SPY, QQQ, BTC, ETH
Futures: SPY, QQQ, BTC, ETH

TSMC Validated AI Chip Demand While CoreWeave Highlighted AI Financing Risk | ★★★★★
TSMC beat expectations and issued strong guidance, reinforcing demand for AI chips and advanced nodes, though broader AI selling initially pressured TSM before the market stabilized. CoreWeave’s bond pressure raised concerns over AI cloud and data-center financing costs, while CRWV reversed from intraday weakness to gains, showing that markets are balancing strong AI orders against rising capital costs.

Potential Trading Instruments:
Spot: TSM, QQQ, CRWV
Futures: TSM, QQQ, CRWV

October 16 | Friday

Risk Assets Rebounded After the PPI Shock, Led by BTC and Crypto-Finance Names | ★★★★☆
The hotter PPI print briefly strengthened rate-hike pricing, pushing BTC below $80,000 and pressuring QQQ, SPY, and crypto assets together; however, markets quickly digested the shock, with BTC recovering to the $82,000-$83,000 range and major indexes closing higher. Crypto-finance stocks and L2 tokens also strengthened, with CRCL up more than 11% and PYTH staying firm, showing that capital did not fully exit risk assets but rotated into dip-buying and independent crypto narratives after the inflation shock.

Potential Trading Instruments:
Spot: QQQ, SPY, CRCL, BTC, ETH, PYTH
Futures: QQQ, SPY, CRCL, BTC, ETH, PYTH

Trading Recap This Week

Macro: CPI and PPI both beat expectations, forcing markets to reprice rate-hike odds, Treasury yields, and growth-stock valuations.
AI: TSMC validated AI chip demand, but CoreWeave bond pressure made AI infrastructure financing costs a fresh pricing variable.
Crypto: BTC found support near $80,000, while PYTH, L2, privacy tokens, and crypto-finance names delivered structural opportunities.
Risk Appetite: Risk assets did not move in one direction; instead, they sold off on inflation shocks and rebounded quickly as dip-buyers stepped in.

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