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☕️ GM Munchers! The market dumped so hard yesterday that I asked my wife for emotional support. She handed me a broom and said, “Start cleaning, it’ll distract you.” Happy Friday.

On today’s menu:

• 📉 Brutal Day In The Markets

• 💀 Michael Burry Rage Quits

• 🧠 Step Back: The Big Picture Looks… Strange

• 🚗 Tesla Burns & Starbucks Strikes

• 😥 The US Has Officially Produced Its Final Penny

Yesterday’s numbers:

BREAKING NEWS

📉 Brutal Day in the Markets

If you woke up yesterday, opened your trading app, and immediately wished you hadn’t — welcome to the club.

It was a bloodbath.

• Bitcoin dropped over 3%, crashing to $98K.

• The S&P 500 fell more than 1.5%.

• The Nasdaq tanked 2%.

• The Dow got smacked with an 800-point loss.

• And Nvidia? Down 5%, erasing over $230 billion in market cap.

So what happened?
The market’s losing faith in a December rate cut. After weeks of optimism, the odds of a cut are now just 53% — basically a coin flip.

And to make things worse, the White House is withholding key data from the October jobs report, including the unemployment rate.

Translation:
The Fed is flying blind, and investors hate uncertainty almost as much as I hate when my wife gets access to the family credit card.

The Munch Take:
It’s pain city out there. Everything is red and without clear data or Fed reassurance, the market is basically flying blind. Risk-off sentiment is stealing the show so if you’re buying dips, don’t expect immediate love back.

💀 Michael Burry Rage Quits

The man who shorted the housing market just… shorted himself.

Michael Burry — yes, that guy from The Big Short — retired and shut down Scion Asset Management this week. His farewell letter reads like a mix between a breakup text and a eulogy.

He’s been loudly calling out the AI bubble, accusing companies like Meta and Oracle of “cooking the books” by stretching out depreciation timelines to make profits look better. He even shorted Palantir last month, saying it’s overhyped vaporware.

Now? He’s out. Gone. Off-grid.
It’s basically the finance version of throwing your mouse across the room and rage-quitting mid-trade.

Here’s the problem — when someone like Burry gives up, it shows just how detached this market is from fundamentals. The man who saw 2008 coming couldn’t stomach 2025’s optimism.

The Munch Take:
Markets can stay irrational longer than you can stay solvent. Whether Burry’s right or early (again) doesn’t matter — timing kills traders. The takeaway? Stay patient and don’t fight mania. Even geniuses burn out when logic takes a backseat to euphoria.

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MARKET OVERVIEW

🧠 Step Back: The Big Picture Looks… Strange

Every once in a while, you’ve got to zoom out from the daily “Dow up, Nasdaq down, Bitcoin bleeding” clown show and ask the real question:

Where are we in the bigger cycle?

Because the chart going viral right now says something loud:
U.S. stock valuations have never been this high.
Not in 2000.
Not in 1929.
Not in any of the last 100 years.

Blend a bunch of valuation metrics together and the market is sitting at the most expensive percentile in recorded history. Meanwhile, the Fear & Greed Index just plunged to Extreme Fear.

That’s the weird disconnect:
Extreme Fear… while we’re still a few percent from all-time highs.

So what’s going on?

Two explanations:

1. Yes, it might be a bubble.

AI names, tech multiples, and fantasy-land growth assumptions have lifted the entire market. Even a tiny wobble in rate-cut odds sent everything into freefall yesterday. That’s what happens when valuations are stretched: the higher you climb, the thinner the air.

2. Or… this is the start of the AI super-cycle.

If AI genuinely transforms productivity the way bulls expect — healthcare, defense, robotics, logistics, finance, everything — then maybe the market is right to price in a future that looks nothing like the past.

What smart money is doing:

Warren Buffett is sitting on record cash. That’s not fear — that’s strategic patience.
He’s waiting for gravity to kick in.

The Munch Take:

For long-term traders, this matters. You don’t need to panic, but you do need to respect the moment we’re in. When valuations break 100-year records, your buy button should be slower, your risk management tighter, and your conviction higher.

Because cycles always reset — the only question is when.

STOCKS

🍿 Tasty Movers & Shakers

$TSLA
Rough day for the House of Musk. Tesla didn’t just fall 7% — they also had to recall 10,500 Powerwall 2 batteries because of, uh… spontaneous fire potential. Nothing says “clean energy future” like your wall trying to become a flamethrower.

$DIS
Disney was one of the first dominoes to fall yesterday. They beat on earnings, missed on revenue, and the stock instantly face-planted 8%. Apparently $18 churros and $40 parking aren’t the vibe anymore.

$SBUX
More than 12,000 Starbucks workers across 40 states walked out — on Red Cup Day, their Super Bowl. It’s less than 1% of stores, but still hilarious timing. Employees want more pay. We just want Starbucks to stop serving dessert in a cup and call it “coffee.”

$VZ
Verizon was one of the few bright spots yesterday… because they announced 15,000 job cuts. Corporate America heard “cost cutting” and said “pump it.” Wall Street is predictable.

$HOOD
Robinhood tanked 8.61% after word leaked they’re planning to deliver cash to your front door. Yes, actual physical money. At this point, Robinhood is speed-running the “How can we confuse regulators?” challenge.

TRADING SUCCESS

🤑 Friday Motivation

🚀 Pre-Market Fuel

1. 😥 The US has officially produced its final penny.

2. 🏘️ Foreclosures jumped 20% in October.

3. 📕Every book Charlie Munger has ever recommended.

4. 👀 Trump pardoned this UK insider trading billionaire.

🍪 Munchy Memes

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