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The Average Joe gives essential daily insights on investing in stocks and working the market.
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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.
📰 Market Headlines
The stock market hit an unprecedented milestone as the Buffett Indicator surpassed 200% for the first time in history.
This surge places the Wilshire 5000-to-GDP ratio well above its historical peaks of 144% during the dot-com bubble and 107% before the financial crisis.
The Fed will release the PCE index on Wednesday. October's annual increase is expected to rise to 2.8% from 2.7%.
President-elect Trump selected Scott Bessent, founder of Key Square Group and former Soros CIO, as Treasury Secretary.
AI growth pushed data center power demand to 1.8 gigawatts annually—more than the electricity used by Alaska, Rhode Island, or Vermont.
🧠 Make yourself heard
Not sure if you heard, but Black Friday is coming up.
This year for Black Friday, I will
🕶️ Market Vibes
🎰 Stock of the week
📊 Ideas, trends, and analysis
Twitter and Threads rival Bluesky hit 22 million users, adding 1 million daily for nine days running.
Major credit card companies stopped reporting full payment data, lowering credit scores for responsible cardholders.
Over 4 million baby boomers retire yearly, with 55% planning to age in place, driving demand for home retrofits.
😱 Fear and Greed Index
📊 Winners and losers
Get $20 free shares at public.com using code ALTSCO.
Earnings, upgrades, and acquisitions
Market movers
The US DOJ ordered Google to sell Chrome to break up its alleged search monopoly.
Hyundai recalled 42,000 vehicles over a wiring issue causing potential rollaway risk.
Adjust announced layoffs during a CEO transition, shifting to an "engineering-first" strategy.
A New York judge ruled SiriusXM’s cancellation process illegal for wasting subscribers' time.
Adani Group received an SEC summons over a $265 million bribery scandal and disclosure issues.
🌍 Global Perspectives
🇸🇩 Sudan's civil war has displaced 10 million people, with aid groups warning of mass starvation.
🇵🇰 Sectarian violence in Pakistan left 82 dead and 156 injured before a ceasefire was reached.
🇨🇳 🇰🇵 🇷🇺 China has grown uneasy over Russia's expanding military ties with North Korea.
🇮🇱 Israeli forces ordered evacuations in Gaza City as rains flooded refugee camps.
📊 Crypto
US Bitcoin ETFs topped $100 billion in assets, with BlackRock's IBIT leading at $45.4 billion.
Solana hit a record $264 as DEX volume reached $100 billion, processing 53 million daily transactions.
NFT sales saw $158 million in weekly volume, with Ethereum leading at $49 million.
Cash is king 👑
Not long ago, investors were chasing rocketship startups in hopes of a huge payday.
Boy how times have changed.
Those overvalued, buzzy startups just aren't as attractive anymore. You know what's cool? Undervalued companies that earn real profit.
WebStreet finds these companies, acquires them, improves them, and sells them. (And lets you invest)
They buy overlooked businesses already earning money
They improve operations, so they make even more money
They bundle everything into a single, powerful fund that you can invest in.
It's like micro private equity on autopilot.
Unlike a lot of startups, WebStreet is doing great.
🎤 What you said last time
What you had to say:
“Let’s face it, a lot of parents just suck at it. You have parents putting their kid’s lives on social media for profit. It’s disgusting.”
🧠 Errata
NASA tested phone-sized underwater robots for future missions to Jupiter's moon.
A 90-year-old great-grandmother earned her college degree 50 years after starting classes at Southern New Hampshire University.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
