|
|
An above-average newsletter we like |
The Average Joe gives essential daily insights on investing in stocks and working the market. |
We've been fans of these guys since 2021, and appreciate their solid, short-form analysis. |
It's fast, free, and fun. |
|
Recent issues: |
The Fed embraced rate cuts. What happens next? Looking to bet against Nvidia or Tesla? These single-stock ETFs are attracting spec investors. |
|
|
📰 Market Headlines |
|
Stocks edged lower as inflation data clouded the Fed's rate-cut outlook. |
The Dow fell 0.1% and the S&P 500 dropped 0.2%, pulling back after recent record highs. The Consumer Price Index rose 2.4% in September despite a 16% drop in gas prices. |
TD Bank pleaded guilty to criminal charges and agreed to pay $3 billion in penalties for failing to monitor money laundering by drug cartels. |
Fidelity Investments confirmed a data breach in August 2024, affecting 77,099 customers, including Social Security numbers and driver's licenses. |
AMD unveiled its latest AI chips, challenging rivals Nvidia and Intel. |
|
🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
|
😱 Fear and Greed Index |
|
|
🎤 What you said last time |
|
What you had to say: |
“SA? Seriously? Who’s the backup, North Korea?” |
|
📈 Trends you need to know | | Freshwater populations suffered the "heaviest declines," falling by 85%. This was followed by terrestrial populations, which declined by 69%. Marine populations were found to have declined by 56%. |
|
|
|
🧠 What do you think? |
|
Which is the best film about the Vietnam war? |
|
|
📊 Stocks |
|
|
Winners and losers |
Earnings, upgrades, and acquisitions |
Domino's beat Q3 earnings estimates but missed on revenue, and shares fell 1.3%. Delta was warned of a 1% Q4 revenue hit due to reduced travel demand; shares dipped 0.1%. Tilray narrowed Q3 losses more than expected, but missed revenue forecasts; shares tumbled 2.8%. |
Market movers |
Teva agreed to pay $450 million to resolve kickback allegations from the US Justice Department. The Internet Archive suffered a major data breach, exposing information for 31 million accounts. Apple delayed the rollout of its Apple Intelligence AI platform to October in the US. Intel ramped up layoffs, aiming to cut 15,000 jobs by year-end. CVS announced plans to lay off 416 Aetna employees in December. |
Ideas, trends, and analysis |
|
|
|
|
|
🌍 Global Perspectives | | 🇱🇧 🇮🇱 UN peacekeepers in Lebanon vowed to stay despite Israeli attacks that wounded two of their members. 🇺🇦 Ukrainian journalist Victoria Roshchyna died in Russian detention after being captured while reporting from occupied east Ukraine. 🇹🇩 The Logone River in Chad's capital N'Djamena surged to its highest level in 30-40 years. 🇬🇧 Kate Middleton made her first public appearance since completing chemotherapy. |
|
|
|
📊 Crypto | | Charles Schwab survey revealed 45% of US investors plan to invest in crypto ETFs next year. SEC charged Cumberland DRW for acting as an unregistered dealer in $2 billion worth of crypto transactions. | |
|
|
|
🧠 Errata | The "Piss Bandit" of Pasadena keeps leaving big bottles of urine around town, sparking a TikTok investigation. Scientists reconstructed the terrifying face of a car-sized millipede that roamed Earth 346 million years ago. Sniffer dogs at music festivals may be causing more harm than good, with some ravers panic-consuming drugs to avoid detection. |
|
|
|
📺 What to Watch Today |
| 'Pee Bandit' mystery: Who is leaving behind bottles of urine in Pasadena? |
|
|
This gives me an excuse to post this scene from an all-time great film. |
| Going Downtown to SAM City HD Flight of the Intruder (1991) The Grumman A-6 Intruder |
|
|
That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
|
|
|
|
|
