Ten Things That Happened Today: Thursday, October 8, 2026

GOAT Quote of the Day: “Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.” (Warren Buffett, 2013 Berkshire Hathaway letter)

1. Nasdaq takes the hit while most stocks rise
The S&P 500 fell 0.47% to 7,765.36 and the Nasdaq dropped 1.25% to 27,193.34, while the Dow edged up 0.10%. About two-thirds of S&P stocks still finished higher. Tech fell about 1.8% and energy rose about 3%.

Our view: The market goes down some days, that’s ok, as long as our investments go up long term!

2. OpenAI’s $50 billion run-rate resets AI stock math
OpenAI told investors its annualized revenue was about $50 billion at the end of September, which is below the roughly $68 billion widely reported last month. Oracle fell 5.5%, AMD fell 3.9% and Nvidia fell 2.9%. Our view (long-term): OpenAI is still growing fast, but AI supplier stocks are priced for perfection. Volatility is vitality.

3. A strong 30-year auction caps the yield spike
The 10-year yield touched about 5.33% before closing near 5.23%. A $22 billion 30-year bond auction cleared at 5.618%, and the 30-year yield eased to about 5.61%.

4. Fed’s Waller says more hikes are likely
Fed Governor Christopher Waller said he expects more rate hikes to bring inflation back to 2%, though they don’t need to come at back-to-back meetings.

Our view: we don’t trade the Fed. We own businesses that can compound through higher rates. Another fact is the fed wouldn’t be raising rates if the economy was doing bad.

5. Oil jumps again
Brent settled near $103.45 after touching almost $106, and WTI closed near $90.78. Iran tensions, tanker pressure near Hormuz and a Gulf storm that cut some output kept prices rising.This is the one thing that is holding everything back, the war is causing high oil prices which is causing the elevated inflation numbers, which is causing the rate hikes.

6. Goldman upgrades Palantir
PLTR rose 2.4% to $198.78 after Goldman Sachs upgraded it to Buy with a $230 target, citing sovereign AI and its forward-deployed engineering model. Our view (long-term): rising on a red Nasdaq day is the kind of relative strength we watch for. As you know $PLTR , has a been in my top 3 since it came public in 2020 at $9, and I still think it is this generations Microsoft.

7. Bitcoin slides under $82,000
Bitcoin closed around $81,600, down about 2%, as higher oil and yields weighed on risk assets. MSTR fell 1.2%, HOOD fell 2.3% and ARKB fell 1.9%. Our view (long-term): this is normal volatility, not a thesis change, and we never use margin.

8. Chip stocks reverse Wednesday’s Micron rally
Micron gave back 4.8% to $1,035.84 a day after its big run, and Broadcom fell about 4.4%. TSMC lost about 3% and Nvidia 2.9%.

• Our view (long-term): memory and GPUs are still where AI supply is tightest. We don’t chase one-day rallies or panic on one-day drops.

9. PepsiCo beats estimates but trims its outlook, and the stock rises anyway
PepsiCo beat on Q3 earnings ($2.34 vs. $2.29) and revenue ($25.27B vs. $24.96B) but cut its full-year EPS growth outlook to 2.5% to 3.5%. The stock still gained about 3.7% as investors moved money into defensive stocks.

10. Scorecard and what’s next
TSLA $375.00 (-0.74%), AAPL $340.42 (+1.11%), AMZN $254.06 (-2.25%), GOOGL $348.29 (-0.63%).

Coming up: Michigan consumer sentiment on Friday, CPI and a Cerebras lockup window on Oct 14, Tesla Q3 earnings on Oct 21, and the Fed meeting on Oct 27 to 28.

Our view: Volatility is the price of admission for longterm exponential growth.

Sources: AP, CNBC, Financial Times via CNBC, Federal Reserve, CoinDesk, Benzinga, PepsiCo IR, Yahoo Finance closes.