Good morning.
The Buffett Indicator just hit 220% (higher than even the dot-com bubble peak of 190%) and Wall Street can't decide if that's a problem or the new normal. Bank of America says AI justifies premium valuations, while Fed Chair Powell called stocks "fairly highly valued" last week.
President Trump spent the weekend firing warning shots in every direction: mass federal layoffs if the government shuts down this Tuesday, an AI-generated cartoon of himself firing Jerome Powell, and cannabis endorsements that sent Tilray up 20%. The September jobs report hits Friday with expectations of just 43,000-85,000 new payrolls, assuming the government doesn't shut down first.
The question: Are we in a totally new market paradigm, or are we just really good at ignoring warning signs?
In partnership with AltIndex
Pelosi Made 178% While Your 401(k) Crashed
Nancy Pelosi: Up 178% on TEM options
Marjorie Taylor Greene: Up 134.09% on PLTR
Cleo Fields: Up 138% on IREN
Meanwhile, retail investors got crushed on CNBC's "expert" picks.
The uncomfortable truth: Politicians don't just make laws. They make fortunes.
They vote on regulations after shorting affected sectors. They approve budgets after buying defense stocks. They debate policy while holding calls.
It's not illegal. It's just invisible to you.
Most Congress trades get reported 45 days later, when profits are locked in. AltIndex tracks every Congressional transaction within 24 hours.
We report every single congress trade without fail and update our data immediately.
Then our AI factors those Congress trades into the AI stock ratings on the AltIndex app (along with other overlooked stock signals like Reddit chatter and web traffic).
Congress filed 7,810 new stock buys this year as of July.
You pay for their salaries…
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📰 Market Headlines
Stocks slipped last week as the AI trade lost momentum.
The S&P 500 fell 0.3%, the Nasdaq dropped 0.7%, and the Dow edged down 0.2%, its first loss in three weeks.
Futures were flat Sunday night, with investors waiting on this Friday’s jobs report.
The Buffett Indicator hit an all-time high of 220%, surpassing even the dot-com bubble's 190% peak. The metric compares total US stock market capitalization to GDP as a measure of whether equities are over or undervalued. Bank of America's Savita Subramanian argued that AI-driven productivity gains justify today's premium valuations, while Powell stuck with his "fairly highly valued" assessment. The debate boils down to whether we're in a new paradigm or just really expensive.
Friday's jobs report could show the weakest payroll growth in years, with estimates ranging from 43,000 to 85,000 new jobs and unemployment holding at 4.3%. But a government shutdown starting Tuesday could delay the data release entirely, leaving the Fed without fresh labor market information ahead of its October policy meeting. That would force the central bank to make decisions essentially flying blind.
Trump posted an AI-generated cartoon of himself firing Jerome Powell on Truth Social over the weekend, escalating his endless public pressure campaign on the Fed chair.
Tilray surged 20% just hours ago after Trump endorsed cannabidiol for senior healthcare, with Reddit mentions exploding 1,950% as retail traders piled in. The cannabis stock became one of the most-discussed names on trading forums overnight.
Google might be the most undervalued Magnificent Seven stock. The company might be trading at a discount despite net debt of negative $53 billion, in-house AI chip production, higher net income than other Mag 7 members, and a dominant position in both search and cloud. Analyst Shay Boloor argues the market is pricing Google as an ads company rather than recognizing its AI infrastructure advantage.
Twitter traders are eyeing Symbiotic Inc for a potential robotics breakout, with 30% short interest setting up squeeze potential. Tesla's recent strength could lift the entire robotics sector, making SYM an interesting watch for momentum traders.
This week's economic calendar:
Today: Pending home sales
Tuesday: Job openings, consumer confidence
Wednesday: ADP employment
Thursday: Initial jobless claims
Friday: September jobs report, unemployment rate
😱 Fear and Greed Index
🪙 Crypto
Bitcoin miner TeraWulf sought $3 billion in debt financing to expand its New York data centers, backed by Google’s 14% stake.
Hyperdrive, a lending protocol on Hyperliquid, was drained of $782K in a smart contract exploit, forcing a pause in markets.
👨⚖ Congress Trade Updates
🤫 Insider Trading
📊 IPOs and Earnings
🎙 What Do You Think?
Are stocks massively overvalued? Or is this a new normal?
🎤️ What you said last time
“TACO will TACO. His friends are all buying in big on the dips and will profit big off the cancellation. It's just another grift. 2026 is looming large in their minds.”
🧠 The Missing (Market) Links
Internet marketer Tai Lopez has been charged by the SEC with running a $112 million Ponzi scheme.
France’s sovereign wealth chief thinks Europe is “being ‘doubly colonized’”.
The global sleep tech market jumped from $24.9 billion in 2024 to $29.3 billion in 2025 and was projected to hit $134.7 billion by 2034.
The Olipop CEO said the sign you were ready to be your own boss was when passion outweighed fear. His soda brand grew to $20 million a month in revenue.
📜 Quote of the Day
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
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⭐️ What did you think of today's edition?
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Cheers,
Brandon & Blake of Invested Inc
Thumbnail image: Michael Reuter, Flickr
The information provided in Stocks & Income is for informational and educational purposes only and should not be construed as financial advice, investment advice, or a recommendation to buy or sell any securities. Stocks & Income is not a registered investment advisor, broker-dealer, or licensed financial planner. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We may hold positions in or receive compensation from the companies or products mentioned. Disclosures will be made where applicable.
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