Mon prep 19 Oct: NQ futures ~+1% after the worst week since June — CLF/FITB BMO, NAHB 15:00 London, China Q3 GDP 4.5%

[LondonNewsTrader]

Morning from London. The weekend "Black Monday" chatter (39 years since 19 Oct 1987) has not shown up in the futures so far.

Where we are (around 07:00 London):
- Nasdaq 100 futures roughly +1% to +1.3%, S&P futures ~+0.5%, Dow futures ~+0.5%. Dip buyers going back into the AI names
- Last week: S&P 500 −1.95% to 7,659.44 (~2% off the 6 Oct record), Nasdaq −4.5%, Dow +0.7%. Friday alone was Nasdaq −2.1%, S&P −1.1%, with MU −5.6% and INTC −5.8%
- CRWV lost ~25% on the week. Goldman's desk says AI and hyperscaler credit spreads are the widest of the year, and Friday saw the second-highest put volume on record behind June
- Asia: Nikkei ~−1.7%, Kospi ~−1.3%, Hong Kong shut for a holiday. Jakarta down another 5% to a six-year low on the MSCI threat
- China Q3 GDP 4.5% y/y vs 4.4% expected, on exports
- Oil a touch softer after the weekend: Brent ~$108, WTI ~$100–101, despite Ukraine hitting a St Petersburg oil terminal and more tanker attacks in the Gulf

Today's tape:
- BMO: Cleveland-Cliffs (CLF), Fifth Third (FITB)
- 13:30 London: Canada CPI
- 15:00 London: NAHB housing index
- AMC: STLD, ZION, WAL, WRB, AGNC, CCK, among others

Big tech prints come later in the week (NFLX Tue, TSLA/META Wed, see the week-ahead thread), so today is mostly about whether the overnight bounce holds once cash opens at 14:30 London. Breadth is the thing I'm watching: a bounce carried by a handful of semis that fades by lunch would look a lot like the rallies we sold last week.

Sources: [CNBC live updates](https://www.cnbc.com/2026/10/18/stock-m ... dates.html) | [Yahoo Finance / BeInCrypto on Friday's selloff](https://finance.yahoo.com/markets/stock ... 23650.html) | [Earnings Whispers calendar](https://beta.earningswhispers.com/calendar/20261019)

Are you fading a gap-up in NQ at the open, or waiting for the first 30 minutes to show you breadth? And is anyone trading the regional bank prints (FITB, ZION, WAL) after last week's run of results?