We’ve got a jam-packed issue this morning, so we’ll keep the intro short and sweet:

And far more. Let’s get started.

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Markets tumbled on Thursday as regional bank losses (due to private credit) and trade tensions rattled investors.

The private credit cockroaches keep appearing… because like Warren Buffett says, “There's never just one cockroach in the kitchen.” Zions Bancorporation disclosed a $50 million loss on two commercial and industrial loans in Q3, sending regional bank stocks tumbling. Western Alliance also tanked after revealing that a borrower failed to provide collateral loans in the first position. The selloff spread to Jefferies, still reeling from its First Brands involvement. Zions shares plunged 13%, while Jefferies dropped over 10%. In summary, the private credit industry is not looking great.

Twitter trader Mac10 is convinced we’ll see a market crash very soon. He published an article titled “AI CRASH MODE” last night. Here’s his thesis:

Novo Nordisk A/S and Eli Lilly & Co shares dropped after President Trump stated that Ozempic could soon cost as low as $150/month, a decrease of 85% from current prices of ~$1,000/month. NOVO fell 7% and LLY was down 5.1% pre-market today. This Ozempic price change would be great for consumers but highly negative for drug companies.

There are four stocks Nancy Pelosi and Warren Buffett have both bet on in the past five years. It’s interesting to take a look at where the trading strategies of one of the greatest investing minds in history and one of the most controversial investors of all time intersect and align. See the stocks →

You’ll notice that today’s Fear and Greed index looks different both aesthetically and numerically. (Yesterday’s reading was 23, “extreme fear,” but now were in the high sixties?!)

That’s because we’re using a new Fear and Greed indicator from AltIndex. One that actually uses the right signals.

Here’s what we mean:

First of all… can we agree that we are not in a market state of “extreme fear?”

AltIndex’s Fear and Greed indicator factors in the most important signals, including:

It uses these data points to arrive at a far more holistic and useful Fear and Greed number than mainstream finance websites do.

So we’ll be using this indicator moving forward. I mean, doesn’t a Greed score in the high 60s just feel more true to current market conditions than an “extreme fear” 23 score?

In partnership with AltIndex

Apparently, the meme stock craze of the summer is already old news for the most notorious subreddit in the financial world.

Donuts, jeans memes, and real estate platforms aren’t as hot of a topic anymore ($DNUT, $AEO, and $DOOR aren’t even in the top 20 tickers by mentions)—but there are some spicy new names at the top.

The 6 most-mentioned stocks on r/WallStreetBets in the past 24 hours:

Mentions are up 136.7%% for the new #2 stock, meaning this isn’t just a coincidental rise in notoriety. Reddit has something to say about it.

If you see some wild news about this company, we wouldn’t be surprised. See what Reddit’s talking about on the AltIndex App:

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Azure Printed Homes 3D prints modular homes from recycled plastic, turning discarded material into structures printed in 24 hours and move-in ready within 20 days. The company reported $5 million+ revenue in 2024 and has $35 million in prepaid orders lined up.

With three printers running daily in Los Angeles, Azure is raising on Wefunder to open a second facility in Denver and double capacity. Studio units list at roughly $40,000, and the campaign claims that builds are 70% faster and 30% cheaper than traditional construction. See the campaign before it closes Oct 27 →

We love hearing from you, and we deeply appreciate your feedback.

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

Cheers,
Brandon & Blake of Invested Inc