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Final Hour · Afternoon edition

Wednesday, October 14, 2026 · Basic edition

Hot inflation print, a chip rout, and a flight to defense.

The Final Hour — Nasdaq −2.2% into the close, S&P 500 −1.4%, Dow −0.4%. September CPI came in hot: headline 3.7% on the year, core 2.6% against 2.5% expected. Bank of America fell 5.4%, and ASML fell 2.6% despite beating and raising its year. The Engine List names’ closing scorecard is inside.

By Golden Hour Trader

In this edition

The morning question, graded
The story
Data check: September CPI
The tape
Index key levels
Morning thesis scorecard
Midday flow
Movers
Engine List: how they finished
Names check
What remains unresolved

The Degenerates Journal, Final Hour, Basic edition, Wednesday October 14, 2026, page 1 of 5: the face sheet with the full date and disclaimer. — Page 1 — The Final Hour face sheet: brand, the full date, and the research-and-education disclaimer.

The Degenerates Journal, Afternoon Market Briefing, Basic edition, Wednesday October 14, 2026, page 2 of 5: the morning question, the story on the hot inflation print and the flight to defense, and the September CPI data check. — Page 2 — The morning question and its grade, the story, and the September CPI data check with The Degenerates Journal’s take.

The Degenerates Journal, Afternoon Market Briefing, Basic edition, Wednesday October 14, 2026, page 3 of 5: the tape as of 3:06 PM ET, index key levels, and the graded morning thesis scorecard. — Page 3 — The tape as of 3:06 PM ET, index key levels, and the morning thesis scorecard.

The Degenerates Journal, Afternoon Market Briefing, Basic edition, Wednesday October 14, 2026, page 4 of 5: midday flow, movers, how the Engine List names finished and the first part of the names check. — Page 4 — Midday flow, movers, how the Engine List names finished, and the names check against the morning levels.

The Degenerates Journal, Afternoon Market Briefing, Basic edition, Wednesday October 14, 2026, page 5 of 5: the rest of the names check, what remains unresolved, and the Pro pointer. — Page 5 — The names check concludes, what remains unresolved, and the Pro pointer.