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📉 OMG
Pip Munch
November 21, 2025
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☕️ GM Munchers! Happy Friday — not that my portfolio cares, because it’s currently in critical condition.
On today’s menu:
📉 Markets Flip, Jobs Hit, Bitcoin Breaks
👀 Was Michael Burry Right?
😂 Walmart Carries The Market
👖Is The Gap Cool Again?
💪 Google Is Now Worth More Than Microsoft
Yesterday’s numbers:
S&P 500 | 6,538 | -1.56% |
Nasdaq | 22,078 | -2.15% |
Dow Jones | 45,752 | -0.84% |
Bitcoin | $87,541 | -4.29% |
BREAKING NEWS
📉 Stocks Took a Monster Dump — Out of Nowhere
The day started like a fairy tale — the Dow ripped 700 points early.
Then it remembered it has commitment issues and reversed nearly 400 points lower into the close.
Yes, I don’t do public math but that’s an 1,100 point swing. Yes, that’s a lot.
The Nasdaq also fell 2.16%, after being up as much as 2.6% earlier.
Translation?
The market basically speed-ran all five stages of grief before lunch.
The main culprit: AI valuation fear.
Oracle and AMD flipped red early, and then Nvidia unleashed the mother of all reversals — a $900 billion swing in market cap in under 36 hours. Yes, billion with a “B.” Yes, in 36 hours. No, your trading isn’t that bad.
Why markets care:
AI is the engine keeping this economy afloat. If it cracks, we’re all going down with it.
So when AI stocks wobble, everything risk-on wobbles with them.
The Munch Take:
This wasn’t a fundamentals day. It was pure sentiment. High-beta names are fragile and will whip violently until rate clarity returns.
If you’re trading tech: use stops tighter than my wife’s budget rules.
👷♂️ Jobs Report Surprise Slapped Rate-Cut Hopes
The September jobs report showed 119,000 new jobs, beating expectations.
Unemployment ticked up to 4.4% — the highest since 2021.
The immediate reaction:
Odds of a December Fed cut collapsed to 35%.
Why markets care:
Rate cuts = fuel for tech, crypto, and anything with a pulse.
Fewer cuts = markets suddenly pretending they’re “valuations experts.”
And yesterday?
Markets decided they hate the idea of fewer cuts. Cue the sell-off.
The Munch Take:
This is a classic “good news is bad news” setup.
Strong jobs = weaker rate-cut odds = risk-off.
Expect choppy action, rotation into defensive names, and volatility into December.
₿ Bitcoin: Pain, Panic, and Opportunity
Bitcoin got smoked, dropping over 5% to $86,325, its lowest since April.
It also hit its most oversold level in 2+ years.
And it wasn’t alone — XRP, ETH, and DOGE were all red as traders derisked across crypto.
Why markets care:
BTC is the risk-on thermometer.
When rate-cut odds fall and stocks implode, Bitcoin becomes a crash test dummy.
The pullback was also linked to liquidity pressures — including those tied to people holding both BTC and AI stocks.
The Munch Take:
We bought more.
Not because we’re brilliant (my wife reminds me I once bought the top of DOGE), but because oversold + fear spike = opportunity zone.
BTC is volatile — this is normal.
If you zoom out, this pullback fits right into Bitcoin’s historical rhythm.
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BIG PICTURE
👀 Was Michael Burry Right?
Here’s the deal: Burry went bearish on Palantir 17 days ago… and since then it’s dropped 25%. One tweet from him and suddenly half the AI sector starts checking its reflection like it got tagged in an unflattering photo.
But remember — he closed Scion before the slide even started. He didn’t walk out after the win… he walked out before the punch landed. Translation? He might’ve quit days before striking it rich.
What Happened
Recently, Burry has:
Warned of unsustainable AI hype and a potential bubble.
Claimed major AI players are passing revenue between themselves like a circus act.
Shut down Scion entirely, saying the best move might be “not to play at all.”
Seventeen days later? Palantir -25%. Nvidia shaky. Tech flashing red.
Why Markets Care
When someone with Burry’s record calls BS, traders listen.
Palantir’s slide shows sector-wide sensitivity to bearish narratives.
His warnings amplified existing doubts about AI valuations and true demand.
CEOs even clapped back — Palantir’s boss basically called him a quack.
He highlighted fears around dilution, accounting tricks, and hype > fundamentals.
He didn’t cause the drop… but he spotted the cracks before they spread.
The Munch Take
So… was Burry right? Too early to crown him, but the cracks he warned about are definitely showing. The man basically screamed “bubble,” closed shop, and walked away — meanwhile the market proved yet again it can stay irrational longer than any of us can stay solvent.
But let’s be honest: you don’t need a PhD in finance to see these valuations are cooked.
For now, we’re parking more cash in Bitcoin and dabbling in index funds while we wait for AI stocks to come back down to planet Earth.
MARKET OVERVIEW
🍿 Tasty Movers & Shakers
$WMT
Walmart was one of the only names actually vibing yesterday. The stock jumped 6% after dropping stronger-than-expected sales and revenue. Apparently people cope with market pain by buying more groceries and air fryers. Respect.
$GAP
Is The Gap… cool again? Comparable sales blew past expectations, rising 5% on the back of their viral “Better in Denim” collab with someone named Katseye. We have no clue who that is, which officially means we’re old — but hey, we like green candles. Shares popped over 4% after hours.
$BBWI
Bath & Body Works needs a bubble bath after yesterday’s disaster. They missed earnings, slashed guidance, and the stock got torched 24%. That’s not a dip — that’s a trapdoor.
$MSTR
MicroStrategy slipped 5% and may get kicked out of MSCI indexes. Turns out being a Bitcoin proxy stock has its pros… and also days like this.
🚀 Pre-Market Fuel
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