September CPI: Why Gasoline Is Not the Whole Story

Seasonally adjusted monthly CPI: headline rose from0.4% in August to0.6% in September2026, while core remained0.3%. Zero-origin bars; rates are not additive contributions.

Quick answer: September 2026 CPI rose 0.6% over the month and 3.7% over the year. Gasoline accounted for more than half of the monthly headline increase, according to BLS. But core CPI still rose 0.3% monthly and 2.6% annually. “Energy-driven” does not mean there was no underlying price pressure. Prepared October 16, 2026, from official … Read more

ASML Earnings: A Higher Floor, Not a Higher Ceiling

ASML 2026 sales guidance changed from EUR43–45 billion in July to EUR44–45 billion in October; the lower endpoint rose and the upper endpoint stayed at45. Forecast ranges, not confidence intervals.

Quick answer: ASML raised its 2026 sales outlook from €43–45 billion to €44–45 billion. The floor rose €1 billion; the ceiling did not change. That is a stronger outlook, but it is not a €1 billion increase to every possible outcome—and it is not guaranteed revenue. Prepared October 16, 2026, using ASML’s October 14 results … Read more

TSMC Earnings: Why 50.9% and 41.2% Growth Are Both Right

TSMC Q3 2026 year-over-year revenue growth: 50.9% in Taiwan dollars versus 41.2% in U.S. dollars; zero-origin bars, not stock returns.

Quick answer: TSMC’s Q3 2026 revenue grew 50.9% in Taiwan dollars and 41.2% in U.S. dollars. Both describe the same business in different reporting currencies—not two competing estimates. The gap matters when comparing the earnings headline with dollar-denominated guidance or a U.S.-listed investment. Research checked October 15, 2026. These are released quarterly results, not a … Read more

Goldman Sachs Earnings: $17.01 EPS, Two Growth Stories

Goldman Sachs diluted EPS: Q3 2025 $12.25, Q2 2026 $20.98, Q3 2026 $17.01. Actual company earnings, not stock returns.

Quick answer: Goldman Sachs earnings improved from a year earlier but fell from the previous quarter. Q3 diluted EPS of $17.01 compares with $12.25 in Q3 2025 and $20.98 in Q2 2026. Both directions are true because the baselines differ. Research checked October 13, 2026. These are published results for the quarter ended September 30—not … Read more

JPMorgan Earnings: The $5.57 vs. $5.75 EPS Trap

JPMorgan Q3 2026 EPS: $5.57 reported and $5.75 excluding a significant item. $0.18 adjustment, not a stock return.

Quick answer: JPMorgan earnings contain two different third-quarter EPS figures: $5.57 as reported and $5.75 excluding a significant item. The difference is a disclosed adjustment—not an extra dividend, a share-price gain or evidence that the loss never happened. Verified October 13, 2026, after publication of the earnings release. Financial results cover the quarter ended September … Read more

Diesel Prices vs. Crude Oil: The $10-a-Barrel Trap

Hypothetical diesel-minus-crude spreads of 70 and 94 cents per gallon, with diesel fixed at $3.20 and crude at $105 and $95 a barrel. Not observed prices.

Quick answer: Diesel prices reflect a refined product, not just crude oil. A cheaper barrel does not guarantee cheaper diesel when refining margins, inventories, transport constraints or retail costs move in the opposite direction. Checked October 12, 2026. This explains how to evaluate today’s fuel headlines; it does not announce completed deliveries or predict a … Read more

Gold Before CPI: Why Hot Inflation Can Still Hurt Gold

Hypothetical matching-horizon real yields: 5 minus 2 equals 3 percent; 6 minus 2 equals 4; 5 minus 3 equals 2. Not gold returns.

Quick answer: Gold does not have to rise after a hotter CPI report. The useful question is whether inflation news changes expected real interest rates, the dollar and demand for protection—not simply whether consumer prices increased. Research checked October 12, 2026. This is a pre-release explanation, not a September CPI result or a live gold-price … Read more