🤣 Bitcoin laughs at $80k

💰 While Tesla joins the four-comma club

Did you know Monopoly was created to warn Americans about the dangers of capitalism? Imbibe this and more fun facts about board games.

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📰 Market Headlines

Stocks soared to record highs as markets cheered Trump's presidential victory, with inflation and retail data on deck.

Bitcoin surged to an all-time high, pushing through $81,000, with open interest in $90,000 futures reaching over $2.8 billion on Deribit.

A 6.8 magnitude earthquake struck eastern Cuba.

Universal's "Wicked" movie launched hundreds of retail partnerships ahead of its November 22 release.

🧠 Make yourself heard

Over the next four years, US relations with China will

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🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi, the prediction market.

 📊 Ideas, trends, and analysis

Fully 10% of Americans don’t know how to spell tariff, and the rest don’t know what one is.

🕵️ Notable

  • Chinese consumer prices hit a four-month low despite a $1.4 trillion stimulus package.

  • High-income Americans turned into extreme savers, with 55% of wealthy millennials boosting cash holdings.

  • Gen Z led a wave of "doom spending" with 37% admitting to stress-shopping to cope with bad news, up from last year.

😱 Fear and Greed Index

📊 Winners and losers

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Earnings, upgrades, and acquisitions

This week’s earnings:

Market movers

  • The US ordered TSMC to halt shipments of advanced AI chips to China.

  • Toyota targeted production of 2.5 million vehicles in China by 2030, a 63% increase from 2022 levels.

  • Job Cuts:

    • Akamai slashed 2.5% of its global workforce, about 256 jobs.

    • iRobot cut 105 jobs, reducing its workforce by 50% since early 2024.

    • Thermo Fisher eliminated 160 jobs across three Massachusetts sites.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇺🇦 🇷🇺 Ukraine launched its largest drone attack on Moscow to date with 34 drones.

  2. 🇵🇰 A suicide bomber killed 24 people at a train station in southwestern Pakistan.

  3. 🇶🇦 Qatar suspended its role as mediator between Israel and Hamas after failed negotiations.

  4. 🇨🇳 🇵🇭 China rejected new Philippine maritime laws and vowed to protect its South China Sea sovereignty claims.

📊 Crypto

  • SEC delayed decisions on spot Ethereum ETF options from NYSE, Grayscale, and Bitwise for further analysis.

  • Detroit announced plans to accept cryptocurrency for tax payments in 2025.

  • The founder of Bitcoin Fog was sentenced to 12.5 years in prison for laundering $400 million through his crypto mixer service.

Free Daily Trade Alerts: Expert Insights at Your Fingertips

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🎤 What you said last time

🧠 Errata

  • LSU's pregame show backfired when their caged tiger display sparked outrage before their loss to Alabama.

  • China's youth flocked to spiritual bars offering cocktails based on traditional fortune-telling.

  • The UK's oldest satellite mysteriously moved halfway around the planet, and no one knows who did it. [Ed: Elon]

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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