AI Mega-Caps Finally Act Like Long-Duration Stocks as Yields Ease Despite Hot CPI

CPI was expected to be hot, but it was hotter than expected. September headline inflation accelerated to 3.7% year-over-year from 3.4% in August, driven primarily by energy. Gasoline jumped 9.1% on the month and accounted for more than half the monthly increase, fuel oil rose 15.3%, and the overall energy index climbed 5.2% (and is…