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Chips bounce, but rate-hike odds jump
Chips bounced on Friday (chip ETF +3.6%, Nasdaq +1.1%) but the week still closed lower (S&P 500 −2.7%, Nasdaq −3.4%); a strong US jobs report (165K vs 59K expected) lifted the odds of a December Fed hike to about 77%, AI credit stress grew (CoreWeave bond yield above 16%), and AIA Global Technology fell 8% on 5 Nov to 22% below its peak.
−8.0%AIA Global Tech on 5 Nov
−0.6%AIA Elite Balanced, same day
165KUS jobs, 59K expected
77%Odds of December Fed hike
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