BLOODBATH: $10 TRILLION has been wiped out from global stock markets from their yearly highs.

Hedge funds suffer their worst day since the COVID-era market turmoil

All three major hedge fund strategies tracked by Goldman Sachs lost more than 1% on October 22. Technology-focused hedge funds were down approximately 10% for October through the reporting period, as crowded AI trades forced investors to cut leverage and reduce risk.

Oil surges above $116 as global markets face another threat

Brent crude settled at $116.72 a barrel after attacks in Saudi Arabia raised concerns about further supply disruptions. Higher energy costs threaten to revive inflation just as investors are questioning expensive AI valuations and the cost of financing the data-center boom.

Wall Street faces a make-or-break test of AI spending

Microsoft, Alphabet and Amazon are among the companies reporting earnings next week. Investors will be looking for evidence that cloud and AI revenue can justify enormous infrastructure bills; disappointing guidance could reignite the selloff.

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