PodcastThe Market HuddleOctober 17, 2026
AI STORY ALREADY DIED
AI-adjacent stocks and ETFs have already broken down technically while MAG7 mega-caps disguise the damage in headline indices.
- Breadth collapsed under the surface: On Oct 1, only 20% of S&P 500 stocks held above their 50-day moving average, even as the index stayed in a bull trend.
- AI-specific ETFs already broke down: Data center/digital infrastructure, AI Supercycle, DRAM, and AI Power & Infrastructure ETFs have all made fresh lows, unlike the MAG7-driven index.
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