US October CPI, CoreWeave Earnings to Test AI Trade

The missing annual CPI print is the detail that matters: with October price data uncollected, markets are left comparing month-on-month figures against a truncated baseline, which weakens CPI's usual role as a clean read on the macro backdrop for risk assets. CoreWeave's disclosure is the sharper test of the AI trade, since interest expense guidance exceeding adjusted operating income points to a capital structure that depends on continued financing access rather than current earnings. Whether that gap narrows in coming quarters, and how markets price it, is the open question.