Weekly IEC Market Livestream – October 16th, 2025

Markets are juggling an AI build-out with messy macro. Todd and Kyle unpack Powell’s “QT pause,” why the 10-year flirting with ~4% is the fulcrum for risk, and the Nasdaq’s line-in-the-sand retracement near 25k. They dig into small-cap leadership (and why many winners will “graduate” out of the Russell), gold and silver’s surge versus Bitcoin, and the labor market puzzle amid rising retail sales. Plus: TSMC’s upbeat guide, long-term Nasdaq targets (26–28k into 2026; 50k within the decade – model, not a promise), and a quick invite to follow Todd’s Active Ops portfolio.