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US stocks and gold wobbled on hotter-than-expected inflation and bargain hunting in AI stocks

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Overall underlying core inflation (CPI+PCE) was above 3.0% and may scale to 3.50% by Q1CY27. The Fed may hike only 0.25% rather than 0.50% as another insurance hike and wait for Trump’s actual policy post Jan '27 (under the lame-duck presidency). Trump is a known source of supply chain disruption—be it a trade war or an Iran war—and if Trump does not correct himself, he may cause synchronized global stagflation or even an all-out recession. On November 10, apart from Trump & Co’s ongoing ‘Reality Shows’ (insane idiotic circus) over midterm washout, the focus of the market was also on  U.S. inflation data for October. The US CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, such as food, transportation, and shelter. Core CPI excludes the volatile food and energy categories to provide a clearer view of underlying inflation trends. For October '26, BLS already announced in advance that it will no...
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Trump’s midterm debacle: Potential US politics & policies and impact on the market

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The 2026 US midterm elections delivered a decisive end to Trump/Republican (GOP) control of the Hill (US Congress). What many expected to be a competitive cycle instead produced substantial Democratic gains, stripping the Trump administration of its governing trifecta and turning the rest of the presidential term into a classic lame-duck period. The immediate political consequence is clear: legislative ambition will shrink, oversight will intensify, and the White House will rely more heavily on executive authority, regulatory tools, and foreign policy maneuvering.  Trump will remain as minority president of the US (2027-28) as his party, GOP, lost both the House and Senate. The opposition party, DEM, is now in control of Capitol Hill—being the majority party; i.e., effectively DEMs will dictate/control the White House (Trump admin), while Trump has executive VETO power (as president) and direct influence over external issues like the tariff war (trade policy) and the Iran war (fore...
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