☕️ GM Munchers! It’s Pip Munch, your favorite trading sidekick who spends more time analyzing charts than figuring out what my wife meant by “do whatever you want.”

On today’s menu:

• ☕️ Wall Street Is Up. Main Street Is Nervous.

• 🚀 GameStop’s Back—And It’s Buying Bitcoin?!

• 🤑 Michael Saylor Buys More Bitcoin

• 😬 This Famous Investor Isn’t So Bullish

• 🤯 This Chinese Car Manufacturer Surpasses Tesla

MARKET OVERVIEW

📉 Consumer Confidence Hits 12-Year Low

Wall Street’s strutting around like it just hit TP on a 10R swing.

📈 The Nasdaq popped +0.46%
📈 S&P 500 edged up +0.16%
📈 Dow squeaked out a +0.01% gain (hey, green is green)

Risk-on vibes? Kinda.

Under the hood? A little sketchier than your cousin’s crypto startup.

👨‍💼 Main Street Is Sweating Through Its Suit Jacket

While the indices are pushing higher, everyday folks are... not exactly feeling the same bullish energy.

New data dropped Tuesday showing that consumer confidence just hit a 12-year low.

• The Conference Board’s expectations index fell to 65.2, its lowest reading since 2012

• Current conditions dipped too, from 100.1 to 92.9

• This marks the 4th straight month of decline

Translation?

People are more nervous than a prop trader hovering 0.1% above his drawdown limit.

And yeah, there’s a good reason for it.

💬 “Until there’s more certainty on the tariff and macro front, sentiment and confidence remain vulnerable,” said eToro analyst Bret Kenwell.

🧾 So What’s Spooking Main Street?

Let’s bullet it for the ADHD traders in the back:

• Consumers see economic uncertainty ahead

• Inflation's still in play

• Tariff policy looks like it’s being run by a Magic 8-Ball

• Even Fed officials like Williams and Kugler are admitting households and firms are worried

Also… there was that little situation where the White House accidentally leaked strike plans in a group text. You read that right. A group chat.

(We’re one typo away from launching a missile by mistake.)

💰 Meanwhile, Traders Are Long Risk

Gold? Up to $3,019.92
Bitcoin? Up $376, now at $87,888
Copper? Up 2.57%, hitting a new record high of $5.22

Basically, markets are like: “Yeah, vibes are off, but let’s YOLO until the CPI print slaps us.”

🧠 Pip’s Take:

Wall Street is partying like it’s 2021 again. Main Street is stocking canned goods.

Both can’t be right… so trade carefully.

Or as my wife put it: “You don’t even know what you want for dinner, and you think you can predict the economy?”

Fair point.

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STOCKS

🚀 GameStop’s Back—And It’s Buying Bitcoin?!

Just when you thought GameStop was done being the main character... it’s back. And this time, it’s not launching meme rockets—it’s buying Bitcoin. 🎮➡️₿

The company’s earnings weren’t exactly a halo jump into profitability:

• Net sales fell nearly 28% year-over-year in 2024

• Adjusted EBITDA was down to $36.1M, from $64.7M the year before

• SG&A expenses only dropped 15%, so they’re still bleeding costs

BUT… it’s sitting on nearly $5 billion in cash. So even though operations are slumping, they’ve got ammo.

And what’s GameStop doing with that ammo?

💰 Stacking sats.

GameStop updated its investment policy to include Bitcoin as a Treasury Reserve Asset. They didn’t say how much BTC they’re buying—or when—but just mentioning it was enough to send the stock up 7% after hours.

It's giving MicroStrategy Lite.

GameStop’s big plan? Wait for the next PlayStation drop like it’s a messiah. Until then, it’s trimming expenses and stacking sats.

Whether it’s brilliance or boredom-fueled chaos… traders are here for the ride.

PROP FIRMS

🤑 Wednesday Motivation

🚀 Pre-Market Fuel

1. 🤑 Michael Saylor bought more Bitcoin. Strategy now owns over 500,000 Bitcoins.

2. 😬 This famous investor doesn’t sound so bullish. He thinks there’s a good chance the S&P 500 won’t deliver 5% annual returns over the next 10-15 years.

3. 🚗 BYD is now selling more cars than Tesla. Their annual sales have now surpassed $100 billion.

4. 🇺🇲 JD Vance is headed to Greenland. He’ll be there on Friday with his wife. Are they going to make an offer to purchase it (lol)?

🍪 Munchy Memes

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