US markets are experiencing heightened volatility as new housing proposals and stimulus ideas intersect with weakening consumer data. Michael Burry has issued a warning that leading AI companies may be obscuring the substantial costs of constructing AI data centers, potentially inflating their profits and stock valuations. Concurrently, the S&P 500 has dipped below its 50-day moving average for the first time since April 30, indicating a possible shift in market sentiment. Additionally, the likelihood of a December Federal Reserve rate cut has decreased to 50% amid persistent inflation and delayed economic reports.