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- 📉 Chips Dip, Fed Ghosts, Bitcoin Chills
📉 Chips Dip, Fed Ghosts, Bitcoin Chills
Pip Munch
November 26, 2025
Trading is volatile, your income shouldn't be. Lark Funding just launched the industry's first monthly salary—paid even during drawdown.
☕️ GM Munchers! This is Pip Munch, the daily trading newsletter that is more reliable than the US government’s ability to release a GDP report.
On today’s menu:
📉 Nvidia Choked, The Fed is Cornered & Bitcoin is… Boring?
😬 The Middle Class is getting deleted (literally)
😥 Alibaba Shareholders Are In Pain
🏘️ The Housing Market Is Not Looking Good
🤑 88% Chance Stimulus Checks Are Coming
Yesterday’s numbers:
S&P 500 | 6,765 | +0.91% |
Nasdaq | 23,025 | +0.67% |
Dow Jones | 47,112 | +1.43% |
Bitcoin | $86,900 | -1.55% |
BREAKING NEWS
📉 The King Stumbled (Hard)
Nvidia got absolutely folded yesterday, dropping nearly 6% and wiping out $300 billion in market cap. It’s getting dangerously close to losing its heavyweight belt—Nvidia is sitting at $4.135T while Apple is creeping up at $4.133T.
The Catalyst: Reports surfaced that a key customer (Meta) might start cheating on Nvidia with Google’s in-house silicon (TPUs).
The Divergence: Nvidia had its worst day in 7 months, while the S&P 500 actually went UP. We haven't seen a split like this since Nvidia was worth less than $500B.
Why Markets Care
The “AI Capex” narrative is shifting. If big tech starts building their own chips instead of buying Nvidia’s, the infinite money glitch might be over.
The Munch Take
The AI trade isn’t dead, but it’s getting crowded. When Google rallies 2.5% because other people might use their chips, you know the rotation is real. Don’t panic sell, but maybe don’t bet the farm on one horse.
🇺🇲 The US Economy: “Trust Me Bro”
US private payrolls fell by an average of -13,500 per week over the last 4 weeks ending Nov 8th. That is… not great. Even weirder? The US won’t be releasing its Q3 GDP report (Advance Estimate).
Translation: The data is so bad (or so good?) they decided to just ghost us.
Why Markets Care
Bad news is good news for liquidity junkies. The market sees this weakness and smells a pivot. The odds of a Fed rate cut on December 10th have skyrocketed to 80.9%.
The Munch Take
The Fed is cornered. Labor is weak, and the government is hiding report cards. Expect the printer to go brrr in December. I’m positioning for a "Santa Rally" fueled entirely by cheap money.
😥 Bitcoin: The Boring $87K Asset
Bitcoin is trading around $87K—down 1% yesterday but up 1% on the week. Texas just became the first state to buy Bitcoin directly.
The Bad News: Bitcoin has actually underperformed US Treasuries by almost 10% over the last 12 months. Ouch.
The Good News: Zoom out. The current drawdown is a blip on the radar compared to the 80% nukes we’ve survived in the past.
Why Markets Care
Institutional adoption (Texas) is happening, even if price action is stalling.
The Munch Take
If you can’t handle Bitcoin underperforming bonds for a year, you don’t deserve it at $100K. The drawdown chart proves one thing: We survive. Stack sats and touch grass.
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BIG PICTURE
📉 The Middle Class is getting deleted (literally)
I usually come here to crack jokes about my red portfolio, but today we need to be serious for exactly 30 seconds.
Look at the chart above. That isn't a glitch. That is the American Middle Class vanishing faster than my willpower at an open buffet.
The "Oh St" Moment** Legendary investor Porter Stansberry just sent out a warning that actually gave me goosebumps. He admits he made a massive mistake. He thought Trump would fix the financial ticking time bomb threatening the middle class.
He was wrong.
Porter says the bomb is ticking faster now. This isn't about politics (we hate everyone equally here)—it's about math. The wealth gap is widening, and the "safety" of the middle class is evaporating.
The Solution Porter isn't just doom-mongering; he’s sharing exactly how to prepare before the clock hits zero (which could be as soon as September).
I’m not trying to scare you, but I am trying to make sure you aren't the one holding the bag.
P.S. He names 3 specific assets to buy. I’m taking notes.
MARKET OVERVIEW
🍿 Tasty Movers & Shakers
$DELL Missed revenue estimates (oops), but they said the magic word—“AI”—and gave a strong forecast. The stock popped in after-hours. It’s the corporate equivalent of failing a test but promising the teacher you'll do better next semester.
$ZM Zoom climbed 9.85% after boosting guidance. Proof that even the app we all collectively despise can print money. I still haven't forgiven them for making me wear pants at home.
$BNED Barnes & Noble Education (the textbook one, not the one where my wife buys scented candles) skyrocketed 36%. They see $1.6B in revenue next year. Turns out, forcing students to buy $300 books is a solid business model.
$BABA Alibaba shareholders are in pain. Cloud revenue soared 34%, but the stock dumped 2.3% anyway. At this point, Baba could cure a disease and the stock would still go red.
🚀 Pre-Market Fuel
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