Clase de Plata Mid-Week | Wed, Nov 11, 2026
Chips Ripped, Then Hot Inflation Bit
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Mon–Wed recap
Monday was a big green day. $SPY (a fund that tracks the S&P 500) jumped 2.37% to 752.69, and all 11 sectors rose. Oil slid after President Trump said new strikes on Iran look unlikely, and chip stocks ($SMH) ripped 5.05%, led by $AMD at +13.3%.
Tuesday brought hot inflation. Prices rose 0.4% in October when the guess was 0.3%, so traders now fully expect the Fed to raise rates in December. The 10-year Treasury yield touched 5%. Stocks bent but didn't break: $SPY slipped 0.35% to 750.02, and tech was the worst sector, down 1.14%.
The big movers: $NVDA fell 5.5% as the board's probe into CEO Jensen Huang grew and Bank of America pulled it off its top-picks list. Too early to call that a buying chance. The story still changes every day, and earnings on Nov 17 are the real test. Meanwhile $TTWO jumped 8.3% on Grand Theft Auto VI preorders, and $RKLB rose 6.5% on record sales.
Wednesday morning, oil bounced back up (US oil $88.15, up about 2.4% at 8:21 AM PT) and mortgage rates jumped back to 7.30% after the hot CPI. Higher rates keep the pressure on homebuilders.
What's ahead Wed–Fri
Wed: $CRWV reported Tuesday night. The result: TBD.
Thu, Nov 12: Jobless claims at 5:30 AM PT and existing home sales at 7:00 AM PT. After the close, $CSCO and $AMAT report. They'll show if AI spending is still strong after the inflation scare.
Fri, Nov 13: Producer prices (PPI) at 5:30 AM PT. A cool number could calm the rate-hike scare. A hot one backs up CPI.
Options priced $SPY to stay between 744.94 and 755.10 through Wednesday (the normal expected move, called 1-SD). Fresh levels for Thu–Fri: TBD after today's close.
Two long-term ideas
We've got one of each this week.
$VICI (VICI Properties)
Value 🏷️: P/E 11.48, and it pays 7.42% a year. It's down 11.8% this year.
Full breakdown in the Deep Dive: clasedeplata.com/deep-dives
$APLD (Applied Digital)
Growth 🚀: sales +322% from a year ago. It builds and rents AI data centers, with CoreWeave as a tenant.
Full breakdown in the Deep Dive: clasedeplata.com/deep-dives
Big data days ahead. Stick to your plan. No chasing.
Not financial advice.
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