Chips, inflation and bank earnings 10/14/26

ASML's multi-year order visibility and resilient consumer spending support the AI-chip and bank trades, but strategists warn sticky inflation keeps rate-cut hopes fading.

• ASML's demand visibility: ASML beat profits, raised its 2027 FY sales forecast to €44-45B (third raise this year), and said supply won't meet demand through 2028, with customers inquiring about orders for 2029-2030.
• Bank earnings mixed signal: JPMorgan, Goldman, Citi, Wells Fargo beat Tuesday on trading strength, but ex-JPMorgan chairman Jennifer Nason noted a 'significant slowdown' in September investment banking (IPOs, M&A) and weaker FICC results.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.