US October CPI due Tuesday; CoreWeave, Nebius report earnings next week

The macro calendar and the AI-infrastructure earnings land in the same week, which matters because both feed the same rate-sensitivity trade in risk assets. The Cleveland Fed nowcast is a model estimate rather than the print itself, so the gap between projection and release is the first thing worth watching, alongside the heavy Fed speaker slate and a December move already priced as near-certain. CoreWeave and Nebius results offer a read on whether AI compute demand is holding up independent of the rate debate. Whether those two narratives stay coupled is the open question.