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βοΈ GM Munchers! The market is giving me the same energy as my wife's "can you come here for a sec" text. My heart drops, I brace for the worst, and then she just needs help opening a jar. Relief, but I aged three years in the process.
On todayβs menu:
π The Market Just Threw A Massive Party
π Bitcoin's Comeback Is Official
πΏ Tasty Movers & Shakers
π± Meta Just Had Its Best Day In Over A Year
π Is It Time To Buy Nvidia?
Yesterdayβs numbers:
S&P 500 | 7,764 | +1.49% |
Nasdaq | 27,122 | +2.26% |
Dow Jones | 52,048 | +0.71% |
Bitcoin | ~$86,900 | +7.08% |
BREAKING NEWS
π The Market Got A Rate Hike & Threw A Party Anyway
Imagine getting grounded and responding by throwing the best party of your life. That's basically what the stock market just did. The Fed raised interest rates last week for the first time in three years, the move every talking head swore would send stocks into a tailspin. Instead, the Nasdaq strutted straight past all of them and closed at the highest level in its entire history. Higher rates were supposed to be the boogeyman of 2026 but the market looked under the bed, found nothing, and hit a record.
So what's actually behind this? A few things lined up at once. Oil prices cooled off, Treasury yields backed away from their highs, and AI stocks caught fire all over again. Chipmaker AMD hit a $1 trillion market cap for the first time, Intel popped 12%, and the whole tech sector went on a tear. The Nasdaq is now up nearly 17% year to date, which is a phenomenal run for a market that was supposedly doomed.
π° Tech is actually cheaper than it looks: The tech sector's forward price-to-earnings ratio has dropped from 32 times last October to about 21 times, meaning this rally is backed by real earnings, not just hype.
π€ China optimism helped: U.S. and Chinese officials met ahead of a Trump-Xi summit this week, and improving trade vibes gave stocks another push.
π Seasonality could flip in your favor: September is historically the market's worst month, but October through year-end has historically been one of the strongest stretches, especially in years with a strong start.
The Munch Take: This is exactly why we keep pounding the same drum: the people who don't own assets are the ones getting left behind. The market just shrugged off a rate hike and printed an all-time high, rewarding everyone who stayed invested instead of panic-selling the fear. Nobody knows what the rest of the year holds, and September isn't over yet. But days like this are a loud reminder that trying to time your way out of the market usually means missing the exact moments that matter most. Own things. Stay patient. Let the rally do the work.
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CHART OF THE DAY
π Bitcoin's Comeback Is Officially A Bull Market
What a difference two months makes. Bitcoin is now up a stunning 50% from the low it hit just two months ago, and up 17.5% in September alone. Here's the kicker: this rally happened despite Congress failing to pass the Crypto Clarity Act. The Senate blocked the bill on September 15, the exact kind of headline that "should" have crushed crypto. Instead, Bitcoin barely flinched and kept climbing.
So what actually lit the fire? When Congress slammed the front door, regulators quietly opened a side one. The SEC approved limited on-chain trading of tokenized stocks under a five-year exemption, and the CFTC moved fast on new crypto rulemaking. Wall Street got its clarity anyway, just from a different agency. Add a brutal short squeeze on top, and things got violent fast.
π° Strategy's swing is jaw-dropping: MicroStrategy, now called Strategy, is sitting on roughly $8 billion in unrealized Bitcoin profit. Just weeks ago that same position was a $10 billion loss.
π₯ The bears got flushed: Nearly $900 million in leveraged crypto bets were liquidated in a single 24-hour stretch, most of them traders wrongly betting on a drop.
π¦ This is a real bull market: A 50% run off the lows, institutional money flowing in, and regulators warming up all point to a genuine new bull phase, not a dead-cat bounce.
The Munch Take: We've been saying for months that we were buying, straight through the June bloodbath and every "Bitcoin is dead" headline since. Anyone who bought alongside us, hats off to you, because things are starting to look genuinely amazing right now. This is exactly why we kept preaching patience over panic. The people who sold near the lows watched a Senate defeat somehow turn into a 50% rally. We never got the clean $70,000 retest we were watching for, and that's completely fine. We built our position slowly, and now we're happy to ride the wave.
MARKET OVERVIEW
πΏ Tasty Movers & Shakers
π Bonus Report: After 44 years, this is the stock I'd buy this week (from Wall Street Zen)
ποΈ $SHOP Shopify jumped 7.33% after announcing it will plug its storefronts directly into Meta's new AI. Tapping into Meta's ecosystem could funnel a lot more shoppers straight to Shopify's merchants.
π» $INTC Intel surged 12.14% as the strong reception for Meta's Muse AI assistant sparked optimism about demand for its chips. When AI tools take off, the companies making the processors behind them tend to ride the wave.
π₯ $AMD AMD climbed 9.95%, pushing its market value past $1 trillion for the very first time. Joining the trillion-dollar club is a milestone that says the market fully buys AMD's AI story now.
π¬ $WBD Warner Bros. Discovery rallied 10.79% after Paramount Skydance cleared a regulatory hurdle that opens the door for the two to merge. A green light from regulators turned a long-rumored deal into a real possibility.
π $MRNA Moderna gained 12.27% after three studies on its cancer vaccine, built with Merck, got accepted to present at a major oncology conference. More scientific spotlight keeps the excitement around this treatment alive.
π¦ $UPS UPS slipped 4.35% on worries that slowing Amazon shipments could drag on its business. Leaning too heavily on one giant customer cuts both ways, and investors noticed.
STOCK OF THE DAY
π± Meta Just Had Its Best Day In Over A Year
$META Meta surged about 10%, its biggest single-day gain since July 2025, adding a jaw-dropping $190 billion in market value in one session. The rocket fuel is Muse, Meta's new personal AI assistant that launched September 8. It's been such a hit that it's pulling in more daily U.S. downloads than Facebook, WhatsApp, and Threads combined. Meta's own AI chief called it "the biggest consumer AI launch since ChatGPT."
Here's why this matters so much for the stock. For over a year, investors have been nervously eyeing Meta's massive AI spending, wondering when, or if, all those billions would ever pay off. Muse finally gives them something real to point to. Meta has had a rough stretch, but it's now up 14% year to date, which is a genuinely lovely turnaround even if it's not smoking the indexes yet.
π The Bull Case:
Muse gives Meta a real consumer AI product to monetize through subscriptions, shopping, and transactions, on top of its advertising empire.
Meta already reaches billions of people across Facebook, Instagram, and WhatsApp, giving any new AI product instant distribution nobody else can match.
Its Meta Connect event lands September 23, which could bring even more catalysts.
π The Bear Case:
Meta plans to spend up to $145 billion on capital expenditures in 2026, and that enormous bill keeps free cash flow under real pressure.
Muse needs access to sensitive data like email and payments, so privacy and trust concerns could slow adoption.
The stock is still well below its 2025 all-time high, meaning it has plenty to prove before reclaiming its peak.
The Munch Take: Here's our honest read. We still think Zuckerberg has a spending problem, and that $145 billion capex bill is nothing to shrug off. But we've said it time and time again: history shows you do not bet against Zuckerberg. The man keeps getting doubted and keeps proving people wrong. This is an excellent move in the right direction, and Muse is the first real sign that all that AI spending might actually turn into something. We're not calling the top or the all-clear here, just tipping our hat to a genuinely strong day.
π Pre-Market Fuel
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