🔥 CPI came in hotter than expected

🤖 And Elon's robo-reveal was mostly meh

How to find the silver linings in horrific destruction.

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Recent issues:

  1. The Fed embraced rate cuts. ​What happens next?

  2. 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?

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📊 Stocks

Get $20 free shares at ​public.com​ using code ALTSCO.

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

Recommended Newsletter

🌍 Global Perspectives

  1. 🇱🇧 🇮🇱 UN peacekeepers in Lebanon vowed to stay despite Israeli attacks that wounded two of their members.

  2. 🇺🇦 Ukrainian journalist Victoria Roshchyna died in Russian detention after being captured while reporting from occupied east Ukraine.

  3. 🇹🇩 The Logone River in Chad's capital N'Djamena surged to its highest level in 30-40 years.

  4. 🇬🇧 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

This gives me an excuse to post this scene from an all-time great film.

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

Cheers,

Wyatt

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