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Charlie Bilello · @charliebilello

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October 2026 X Macro Summary

From x.com/charliebilello

In late October 2026 I posted a series of X updates that captured a snapshot of U.S. housing price gaps, equity‑market volatility, health‑insurance cost trends, Turkish monetary policy, and the latest corporate cash‑flow results for Meta and Tesla.

Miami housing prices were down -2 % below their recent highs.

U.S. family health‑insurance premiums rose from $6k in 1999 to $28 k in 2026.

That represents a 387 % cumulative increase (≈6.0 % annualised).

Turkey’s central bank cut its policy rate by 100 bps to 36 % for the sixth time in the cycle.

Meta reported ‑$2.1 bn free‑cash‑flow in Q3 2026, the first negative quarter since going public.

AI‑infrastructure spending hit $34.9 bn in Q3 2026, an 80 % YoY jump.

Meta now expects 2026 total capex of $135‑$145 bn, up from $72 bn in 2025.

Meta Q3 2026 revenue reached a record $64.6 bn (+26 % YoY).

Tesla Q3 2026 revenue was $28 bn (flat YoY); net income $787 m (‑43 % YoY); free cash flow $1.5 bn (‑62 % YoY); capex $4.7 bn (↑110 % YoY).

Meta’s Reality Labs added another $4.1 bn loss in Q3, pushing cumulative losses since 2020 to $92 bn.