{"id":"1792880676828-money-segment","slug":"black-thursday-panic-and-hot-inflation","title":"Black Thursday panic and hot inflation","summary":"There was a sharp tech-led selloff on Thursday, October 22, 2026, sometimes called \"Black Thursday.\" The Nasdaq Composite fell 2.60% to 26,008.86 and the S&P 500 lost 1.21%, driven by AI names like Nvidia, Meta, and Amazon. However, the post's specific figures ($750 billion lost at the open, Asia shedding nearly $1 trillion, Fear & Greed Index at 20) could not be verified in the sources found, and the framing as a \"hidden signal\" to watch bonds is an opinion.","publishedAt":"2026-10-24T22:24:36.828Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Closing Bell","verification":{"status":"verified","leadVerdict":"MISLEADING","notes":"MISLEADING: There was a sharp tech-led selloff on Thursday, October 22, 2026, sometimes called \"Black Thursday.\" The Nasdaq Composite fell 2.60% to 26,008.86 and the S&P 500 lost 1.21%, driven by AI names like Nvidia, Meta, and Amazon. However, the post's specific figures ($750 billion lost at the open, Asia shedding nearly $1 trillion, Fear & Greed Index at 20) could not be verified in the sources found, and the framing as a \"hidden signal\" to watch bonds is an opinion.\nSource: [samuelandcotrading.com](https://www.samuelandcotrading.com/morning-market-brief-23-october-2026-black-thursday-bonds-last-safe-seat/), [investedalpha.com](http (https://x.com/NextFinAI/status/2113373885752332372)","claims":[{"verdict":"MISLEADING","summary":"There was a sharp tech-led selloff on Thursday, October 22, 2026, sometimes called \"Black Thursday.\" The Nasdaq Composite fell 2.60% to 26,008.86 and the S&P 500 lost 1.21%, driven by AI names like Nvidia, Meta, and Amazon. However, the post's specific figures ($750 billion lost at the open, Asia shedding nearly $1 trillion, Fear & Greed Index at 20) could not be verified in the sources found, and the framing as a \"hidden signal\" to watch bonds is an opinion.","sourceName":"[samuelandcotrading.com](https://www.samuelandcotrading.com/morning-market-brief-23-october-2026-black-thursday-bonds-last-safe-seat/), [investedalpha.com](http","sourceUrl":"https://x.com/NextFinAI/status/2113373885752332372","claim":"“Black Thursday” Has a Hidden Signal. Watch the Bond Market, Not the Losses. $750 billion gone from US stocks at the open. Nasdaq futures down more than 2%. Asia shed nearly $1 trillion. The Fear & Greed Index at 20, extreme fear. $NVDA, $META and $AMZN down 2–6%. The trigger","author":"NextFin (@NextFinAI)"}]},"sources":[{"url":"https://x.com/NextFinAI/status/2113373885752332372","name":"[samuelandcotrading.com](https://www.samuelandcotrading.com/morning-market-brief-23-october-2026-black-thursday-bonds-last-safe-seat/), [investedalpha.com](http","kind":"x","verdict":"MISLEADING","author":"NextFin (@NextFinAI)"}],"url":"https://oncast.fm/story/1792880676828-money-segment-black-thursday-panic-and-hot-inflation","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792880676828-money-segment-black-thursday-panic-and-hot-inflation","cite":"Cite https://oncast.fm/story/1792880676828-money-segment-black-thursday-panic-and-hot-inflation and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"Black Thursday was ugly, but the accounts screaming about a seven hundred fifty billion dollar wipeout at the open are just making numbers up."},{"host":"Bill","text":"Let me guess — someone's selling fear, and you're buying the calm."},{"host":"Adam","text":"The Nasdaq did drop two point six percent. Nvidia, Meta, Amazon all down. That part's real."},{"host":"Bill","text":"But the \"hidden signal\" stuff — watch bonds, not losses — that's just a guy trying to sound prophetic after the fact."},{"host":"Adam","text":"And the specifics? Can't find any source for seven hundred fifty billion at the open. Asia shedding nearly a trillion? No verification."},{"host":"Bill","text":"This is how retail investors get spooked. A big down day becomes a data point in a panic narrative nobody fact-checks."},{"host":"Adam","text":"Oil above a hundred thirteen a barrel. Bitcoin under eighty-two thousand. Inflation still hot. There ARE real worries."},{"host":"Bill","text":"Real enough without inventing a number. Though I'll say this — when Fear and Greed is pinned at twenty, the contrarian in me starts window shopping."},{"host":"Adam","text":"That's not the first time you've window-shopped a crash."},{"host":"Bill","text":"I don't buy the dip. I just... admire it from a distance. Speaking of questionable trading — there's a new claim about a congressman."},{"host":"Adam","text":"Ro Khanna? The Bluesky post says he trades an \"assload\" of stocks but is objectively bad at it."},{"host":"Bill","text":"The bad part is the comedy. But he does trade individual stocks — that's legal, and it's a real point of contention."},{"host":"Adam","text":"The post is opinion and snark, not fact. But the underlying frustration is real. Members of Congress trading while making policy feels wrong to a lot of people."},{"host":"Bill","text":"And this James Talarico from Texas went on the attack over the same thing — he says he won't take corporate PAC money and wants to ban congressional stock trading outright."},{"host":"Adam","text":"That's a campaign promise. Easy to say, harder to do when you get to Washington and everyone else is doing it."},{"host":"Bill","text":"Oh, come on. \"Everyone else is doing it\" is exactly why people hate Congress. It's the bare minimum of accountability."},{"host":"Adam","text":"You're defending a politician you've never heard of because he said something you like."},{"host":"Bill","text":"I'm defending the principle. You're the one who sounds like he's made peace with the system."},{"host":"Adam","text":"I'm not making peace. I'm just saying the follow-through matters more than the pledge. The pledge is easy."},{"host":"Bill","text":"Fine. Let's see if he's still singing that song if he actually gets elected. Then we'll know."},{"host":"Adam","text":"Meanwhile, the actual market has its own weirdness brewing. Oil surging, Middle East tensions, the Fed meeting coming up."},{"host":"Bill","text":"And the bond market is supposedly the thing to watch — the post wasn't wrong about that. If the ten-year yield keeps climbing, stocks get nervous."},{"host":"Adam","text":"Yields above four point nine. Money has an actual cost again. That changes how fast these AI names can justify their valuations."},{"host":"Bill","text":"Which brings us to the crypto crowd. There's a post making the rounds claiming bitcoin bought after rate HIKES has outperformed bitcoin bought after rate CUTS since twenty fifteen."},{"host":"Adam","text":"And I looked for the data behind that — there isn't any. It's a mind-blown emoji with no backup."},{"host":"Bill","text":"Sounds like an attempt to spin higher rates as bullish for bitcoin. Cute theory."},{"host":"Adam","text":"I'd love to know the methodology. Because my guess is it's cherry-picked dates and \"after a rate hike\" means a week or six months depending on which helps."},{"host":"Bill","text":"The bigger picture is bitcoin is struggling below eighty-two thousand — same as every risk asset. It's not decoupling. It's not digital gold this week."},{"host":"Adam","text":"I'll say it plainly: that performance claim is unverified, so treat it as a claim, not a basis for anything."},{"host":"Bill","text":"And if there's one thing this market is teaching this year, it's that the narrative shifts faster than the price."},{"host":"Adam","text":"Here's one that'll start a fight: the Fed is in a genuinely uncomfortable spot right now. Inflation hot, oil hot, but markets suddenly fragile."},{"host":"Bill","text":"That's where you find out who really watches the data and who just watches the S&P."},{"host":"Adam","text":"I think the Fed cuts again before year-end."},{"host":"Bill","text":"With inflation running hot and oil over a hundred? What planet are you on?"},{"host":"Adam","text":"The unemployment and credit-stress planet. Look at CoreWeave bonds yielding fifteen percent. The cost of money is breaking things."},{"host":"Bill","text":"So your answer to inflation is more inflation? That's not medicine, that's a painkiller."},{"host":"Adam","text":"It's the lesser of two bad options. A credit unwind turns into a real recession. That's worse than three percent price growth for another quarter."},{"host":"Bill","text":"No, no, wait — the Fed already let inflation run hot. They can't now say \"well, actually, financial stress matters more.\" That's exactly how you get stagflation."},{"host":"Adam","text":"You're arguing from a textbook. I'm arguing from where we actually are — demand is cracking."},{"host":"Bill","text":"I'm arguing from history. Every time the Fed blinks in a hot inflation environment, the ten-year yield punishes them. The bond market will do the tightening for them."},{"host":"Adam","text":"Fair. If they cut and yields keep rising, they didn't actually loosen anything."},{"host":"Bill","text":"That's my point. The bond market is the adult in the room."},{"host":"Adam","text":"We'll find out soon enough. That Fed meeting is the main event."},{"host":"Bill","text":"And we'll be here, separating real numbers from fear porn and fairy tales."},{"host":"Adam","text":"One quick thing before we go — a post about apples. In a grocery store."},{"host":"Bill","text":"Apples?"},{"host":"Adam","text":"A developer on Bluesky noticed his local store finally stocks apples beyond Red Delicious and Granny Smith."},{"host":"Bill","text":"The market is in turmoil and this guy's excited about a Honeycrisp. I respect it."},{"host":"Adam","text":"Small wins matter. The Fear and Greed index says extreme fear. The apple aisle says there's still hope."},{"host":"Bill","text":"And honestly, Red Delicious is the worst apple. The fact that anyone still grows it is a market failure."},{"host":"Adam","text":"There it is. Bill's capital allocation framework, now applied to produce."},{"host":"Bill","text":"Honeycrisp is the Nvidia of apples. Red Delicious is the Intel. I said what I said."},{"host":"Adam","text":"That's our show. Numbers when they're real, apples when they matter."}]}