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Hey, if you’re price-gouging people trying to stay alive in Florida, you’re an awful human being. |
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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. |
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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. |
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📰 Market Headlines |
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Wall Street ended higher as tech stocks led gains. |
The S&P 500 gained 0.96%, the Nasdaq jumped 1.42%, and the Dow rose 0.29%. Nvidia rose another 4% yesterday, closing its fifth straight day of gains. |
President Biden’s economic rating improved from B+ to A on the Yahoo Finance Bidenomics Report Card. |
13 US states and DC sued TikTok for allegedly harming young users with addictive features. |
Hurricane Milton is expected to cause up to $175 billion in damage, with significant losses in the Tampa and Fort Myers regions. |
Soulless ghouls are price-gouging Floridians fleeing Milton’s path. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“Too much heat in the water. We still have 2 months of this, unfortunately…” |
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📈 Trends you need to know | | There’s a pretty clear trend here. |
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🧠 What do you think? |
If you're price-gouging people fleeing for their lives, you're |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
PepsiCo lowered its full-year organic revenue growth outlook to a low single-digit rise after Q3 revenue missed estimates; shares slipped 1%. |
Market movers |
Uber announced new sustainability features, allowing users to hail only full-electric vehicles. AI mortgage startup LoanSnap lost its license to operate in Connecticut after violating a consent order. Following the Epic Games lawsuit, Google ordered that the Android app store be open to competition for at least three years. S&P placed Boeing's rating on CreditWatch negative as worker strike halts production of best-selling jets. CarePoint Health announced plans to lay off up to 2,600 workers by year-end, marking one of the largest job cuts in New Jersey's recent history. |
Ideas, trends, and analysis |
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The US now accounts for 30% of global gas-powered electricity. New Jersey's private sector shed 5,358 jobs in Q3 2024, bucking national trends. Natural gas supplied a record 46% of total US power generation since June, potentially complicating the country's energy transition efforts. |
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🌍 Global Perspectives | | 🇮🇱 🇱🇧 Israel claimed to have killed the successor to Hezbollah's leader. 🇨🇳 🇪🇺 China imposed taxes on European brandy imports in apparent retaliation for EU tariffs on Chinese electric vehicles. 🇮🇳 India's ruling BJP party retained control of Haryana state in a surprise election outcome, defying exit polls. 🇰🇪 Kenya's parliament voted to impeach Deputy President Rigathi Gachagua, with 281 lawmakers supporting the motion. |
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📊 Crypto | | Crypto.com sued the SEC after receiving a Wells notice, challenging the agency's jurisdiction over certain crypto tokens. TON-based projects Notcoin and Dogs Community announced plans to burn $4 million worth of tokens. | |
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🧠 Errata | An American climber and her British partner were rescued after a harrowing 80-hour ordeal at 20,000 feet in the Himalayas. SpaceX's Falcon 9 rocket snapped a stunning selfie with Earth during the launch of Europe's Hera asteroid mission. A museum technician accidentally trashed a beer can artwork, mistaking the piece for actual trash. |
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📺 What to Watch Today |
| American climber, climbing partner speak out after being rescued from Himalayas |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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