Lighthouse Canton says AI agent “Muse” hits banks, semis extend Nasdaq highs
SPY•Brent and key watchpoints
Brent settled at USD 99.25, down 1.09%, its first close below USD 100 since Sep. 8 on a UNGA-linked diplomacy discount.
Key watchpoints were flash PMIs, Trump-Xi talks Thursday, and Brent holding near USD 99 as a test for duration and AI multiples.
Semiconductors and Nasdaq extend highs
Semiconductors outperformed, with the SOX up 2.06% and Nasdaq up 0.45% to a second straight record.
AI agent shock hits banks and consumer-inertia franchises
Lighthouse Canton analysis flagged an AI “agent” shock that hit banks and other consumer-inertia franchises, framing it as a sector disruption trade.
Financials sold off, with JPMorgan down 3.4% and Schwab down 6.1%; XLF was described as paying a “disruption tax.”
