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Daily Note | Oct 16, 2026 | Muni Rebound, Pershing Square, Mortgage Inc CEFs

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Oct 16, 2026
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Stocks are quiet today with a mild bid under them to end the week. However, some areas of tech remain under pressure (semis and memory) but Mag7 is higher. Tesla is the standout following their ‘flying car’ demonstration rising over 5% pre-market.

The SOXX index is looking to open down for the 9th consecutive day. The only time this has ever happened was…

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