October 15, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

PPI Spikes

Please click here for a chart of Taiwan Semiconductor Manufacturing Company stock (TSM).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of TSM stock is being used to illustrate the point. TSM manufactures cutting edge AI chips for the likes of Nvidia (NVDA) and Advanced Micro Devices (AMD).
• The chart shows TSM stock is falling after reporting record earnings.
• The chart shows TSM stock has fallen well below the low band of zone 1 (resistance).