Columbus Day: the bond market is closed while equities trade, with no major U.S. data scheduled. Attention stays on Brent above $100 and Middle East developments after the weekend.
Bank earnings open the third-quarter season, with JPMorgan Chase and Goldman Sachs before the open and Wells Fargo and Citigroup also scheduled. Governor Waller speaks on AI early in the day.
September CPI is the key test for a Fed that hiked in September, with the 10-year yield near its highest since 2002. The Beige Book follows in the afternoon; ASML, Morgan Stanley and Bank of America report.
September PPI and retail sales gauge pipeline inflation and consumer demand. TSMC reports, a read-through for AI semiconductors after last week's sell-off; Chair Warsh speaks late in the evening.
September industrial production and the monthly options expiration, by which about half of QQQ's modeled gross gamma exposure rolls off.
Convexa editorial assessment · as of 16 Oct 2026
Risk classifications and scenarios are editorial assessments of potential market significance, not statistical probabilities or predictions. Events may produce materially different market reactions, including no significant reaction at all.
Political and geopolitical events are discussed solely in relation to their potential market impact; Convexa Daily does not take political positions.