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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI revenue at $1.3B ARR, from $28M in 2022
46x growth in revenue:
Valuation of $80-90B is now 62-69x its revenue. - The Information.
2. CPI comes in above expected and above target in September, at 0.4% MoM / 3.7% YoY
CPI: 0.4% MoM / 3.7% YoY, vs. 0.3% / 3.6% expected, from 0.6% / 3.7% in August.
Markets were little changed, still expecting rate stability and gradual cuts starting in June
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