META's Bearish Setup Stands Out as AI Faces Skeptics Setup

Markets are digesting a benign CPI print [1] and a mixed PPI report that came in cooler than expected on the headline (0% vs +0.1% forecast) but a touch hotter on the core ex-trade component, and the reaction has been muted rather than euphoric. The S&P 500 and Nasdaq are hugging record territory while the Dow lags slightly [2][3], which is a familiar pattern lately — cooling inflation keeps the September Fed-pause narrative alive [4], but nobody is sprinting into risk on the back of it. The AI trade is still doing most of the heavy lifting. Microsoft is technically breaking out…