Half A Trillion In IOUs, A Dead Junk Market, & A Fed That Won't Look Through Anything: The Six Biggest Ideas From A Week Of Chaos

In the span of five sessions, Nvidia lost the only CEO it has ever had, CPI ran hot for a third straight month, a Fed governor floated a 50bp hike, producer prices hit a four-year high and every Treasury coupon auction tailed.

The S&P rose 2% anyway.

1. The AI Trade Just Lost Its Lender Of Last Resort