Morning Dose #358: Calm on the Surface, Cracks Underneath: Semis Sell Off as Breadth Breaks Down – Tuesday 10/13/2026

Episode summary

Nasdaq futures sink while the Dow holds steady, as a Chinese memory breakthrough and Broadcom’s CEO spark an AI-complex repricing in Asian tech. Underneath the calm headline indexes, breadth is deteriorating fast and semis are getting hit hard, even as earnings beats and easing yields cushion the broader market. The playbook for the day: patience,...