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Good morning.
Markets kicked off the week with a triple whammy: stocks stumbled, housing cracked, and the Fed got hit with another ethics headache.
Cloudflare had an outage today, taking down Twitter and ChatGPT.
The Dow fell 557 points as investors braced for Nvidia’s earnings on Wednesday and the delayed September jobs report on Thursday.
Meanwhile, the House Administration Committee meets tomorrow to debate a full ban on lawmaker trading, a move backed by 86% of Americans.
Let’s get into it.
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📰 Market Headlines
Markets slid on Monday as investors braced for Nvidia’s earnings and the delayed September jobs report.
The Dow fell 1.2%, the S&P 500 dropped 0.9%, and the Nasdaq lost 0.8%.
Cloudflare (NET) had a major outage that took Twitter offline this morning. NET shares fell 5% pre-market. This happened only a month after Amazon’s AW-East-1 outage caused widespread disruptions to many popular websites.
Polymarket odds have Nvidia at an 89% chance of beating earnings tomorrow. While that’s not surprising, we’re more and more curious to see whether the stock moves up or down after earnings. Our prediction: Nvidia beats earnings tomorrow and the stock rises as a result.
“Tariff dividend” checks will go out mid-2026, according to President Trump. This is interesting because the news is probably still bullish for equities and other assets, but the checks are still so far away that they likely won’t have any effect on what the market does in the coming months.
Michael Burry tweeted “Long MOH stock and long PLTR puts, like peanut butter and bananas.” The man appears to still be bullish on healthcare and extremely bearish on AI.
There are 3 reasons for the market downturn, according to Ash Crypto: 1) the Japanese 10Y bond yield is the highest it’s ever been, and investors are starting to have to sell their assets after years of borrowing yen at 0%; 2) the Epstein Files are being voted on for release by Congress today, and if it passes, there will likely be many famous names in the files, which would cause volatility in the market; and 3) we’re still in a liquidity crunch from the government shutdown, as capital hasn’t begun to flow yet from the Treasury. What should we watch for? Ash thinks the first sign of a reversal will be Bitcoin bottoming out, followed by stocks and gold.
Fed Governor Christopher Waller backed a December rate cut in remarks on Monday, citing a weakening labor market and easing inflation fears. His dovish stance contrasted with several regional Fed presidents who warned that more cuts could reignite inflation.
Gold slipped 1% to $4,042 an ounce as traders reassessed the odds of further rate cuts. The metal remained up 54% this year, still on track for its best annual performance since 1979.
More than half of US homes lost value over the past year, the largest share since 2012, according to Zillow data. Denver, Austin, and Sacramento led declines with over 85% of homes down from peak valuations, though most owners still held sizable equity gains.
Congress will debate a ban on stock trading by lawmakers this week after a Fed ethics scandal reignited scrutiny. The bipartisan “Restore Trust in Congress Act” would bar members and their families from owning or trading individual securities.
😱 Fear & Greed Index
Traders talk about the Fear & Greed Index all the time, but have you considered what it really represents and how it’s determined?
Warren Buffett had this to say about Fear & Greed:
“Some people can control their emotions and other people cannot control their emotions. And unless you can control your emotions, you’re probably not gonna do very well in the stock market.”
The Fear & Greed Index measures shifts in market sentiment and whether stocks appear fairly valued.
It’s interesting to note that CNN’s Fear & Greed Index has markets at a 13/100 (extreme fear), whereas AltIndex’s indicates just a 49/100 (neutral). We tend to agree with AltIndex; markets are still very close to all-time highs right now, and things feel like they could flip at any moment. That feels more neutral than fear to us.
In general, fear (especially extreme fear) marks a time where investors might start buying because prices are lower. The opposite is true for greed and selling.
As Grant Cardone pointed out on X, after 3 major “extreme fear” episodes over the past 17 years (the 2008 housing crash, the 2019 Covid crash, and the April tariff shock this year), markets posted incredible gains afterward.
AltIndex’s Fear & Greed Index is built from a range of alternative and financial data (including market cap, trading volume, analyst ratings, employee outlook, customer health, social sentiment, and company fundamentals).
By tracking how fear and greed move through the market, investors gain a powerful edge in timing entries, exits, and identifying undervalued opportunities.
Overall, the Fear & Greed Index is a great tool, but it should only ever be just that: one tool in your tool belt of investing indicators.
🤖 AI/Future/Tech News
Dell and Nvidia expanded their partnership, integrating Nvidia's Blackwell GPUs into Dell servers. Dell delivered $10 billion in AI solutions in the first half of FY 2026.
🤫 Insider Trading
🚚 Market Movers
Japan's GDP contracted 1.8% in Q3 as exports fell 4.5% and residential investment dropped 9.4%.
The FAA lifted flight caps at 40 major airports after air traffic controller staffing stabilized.
Verizon joined the layoff wave sweeping major US companies.
🎙 What Do You Think?
What's your personal Fear & Greed rating?
🎤️ What you said last time
“New applications of the chips are being developed everywhere.”
🧠 The Missing (Market) Links
The AI boom created a massive electricity shortage, with a 44-gigawatt power gap requiring a $2.6 trillion fix.
A growing number of Americans fell behind on their utility bills as past-due balances jumped 9.7% in the last year.
DoorDash paid an $18 million settlement over deceptive fees and disclosed a data breach that exposed user names, phone numbers, and home addresses.
📜 Quote of the Day
Votality is the price you pay for performance.
📢 We want to hear from you.
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⭐️ What did you think of today's edition?
That’s all for today. Did we miss anything? Smash the reply button to let me know.
Cheers,
Brandon & Blake of Invested Inc
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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