The AI trade is cracking. October was the Nasdaq 100's worst month since March 2025. On Friday, it fell -3.46%, its worst day since June 5th, and closed -9.09% below its October 6th record. Intraday, it traded at 28,093, BELOW the 28,102 line that marks a 10% correction. On the same day, energy stocks closed at a record high. Now Apple, Palantir and AMD report, America votes on Tuesday, and the jobs report lands on Friday. We call it "Proof Week." Here is what decides it. (a thread)
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