Next Day Prep #354: Intel Plunge Triggers AI Trade Flush – Friday 10/30/2026

Episode summary

Friday’s session was a broad risk-off slide as the AI-trade correction intensified, led by Intel’s 28.58% post-earnings collapse and a 7.3% drop in the semiconductor index below its 200-day line. Defensives like energy, staples and health care held up, but narrow leadership and collapsing breadth keep the regime Cautious and defensive into next week.