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☕️ GM Munchers! The market is rotating out of tech and into value, like my wife swapping out my chips and chocolate for carrot sticks. It’s rough out there.

On today’s menu:

• 📉 Dow Wins & The White House Ghosts

• 🥊 Nasdaq Vs Crypto: Why Crypto Is Losing

• 🤑 Buy 1 Prop Firm Challenge & Get 3?

• 🍅 Kraft Sends Out An Ugly Warning

• 🥈Silver Hits A New Record High

Yesterday’s numbers:

BREAKING NEWS

💪 Dow Keeps Winning While Tech Takes a Nap

The Dow Jones climbed 300 points to a new record high, powered by optimism that the government could finally reopen by week’s end.

The heroes?

Goldman Sachs, JPMorgan, and American Express — all hitting fresh record highs. Even Caterpillar flexed, up 1% and a ridiculous 60% YTD.

Translation? Money’s rotating out of sky-high tech names and into “real economy” plays.

• The Nasdaq closed red, showing investors are trimming risk.

• Financials are feasting while growth stocks are fasting.

The Munch Take: 
This is what rotation looks like. The market’s basically saying, “AI’s cool, but cash flow is cooler.” Expect value and cyclicals to keep stealing the spotlight — at least until the next Fed headline ruins everything.

🕵️‍♂️ White House: ‘About That Jobs Data… Yeah, Maybe Never’

The White House dropped a bombshell saying October jobs and inflation data may never be released due to the record-long government shutdown.

Which begs the question: if the economy’s doing so great, why hide the numbers?

Without that data, Powell and the Fed are flying blind — and that’s not great when rate cuts depend on those reports. Traders now see a 71% chance of a December cut, but uncertainty’s rising.

The Munch Take: 
This is not the kind of “data blackout” we wanted. If markets sense something’s being buried, sentiment could sour fast. For now, it’s risk-on lite — until the truth (or lack of it) drops.

💀 Bitcoin’s Getting Smoked (and It’s Dragging the Mood Down)

Bitcoin took another beating yesterday, slipping closer to $100K and now sitting about 20% below its all-time high. Ethereum’s down nearly 30%, and the entire crypto market looks like it needs a group hug.

Meanwhile, the Nasdaq is less than 3% away from record highs. Yeah — stocks are partying like it’s 2021, while crypto’s nursing a hangover. So what’s going on?

Here’s the deal:

• ETF outflows: After a record summer of inflows, institutions are quietly pulling money out of Bitcoin ETFs. Less demand = less support.

• Rate cut fatigue: Normally, lower rates fuel risk-on assets like crypto. But this time, investors are rotating into stocks — especially big tech — instead of Bitcoin.

• Regulatory chill: Between ETF redemptions and lingering SEC headaches, crypto’s risk premium hasn’t gone anywhere.

• Flight to “quality”: When traders get nervous, they shift from “speculative” to “safe-ish.” Right now, that means Nvidia > Bitcoin.

In other words, the market’s still risk-on — just not that risk-on.

The Munch Take: Crypto’s the canary in the coal mine. If this weakness keeps spreading, stocks might catch the flu next. But if the Nasdaq’s strength holds, this could just be crypto taking its usual breather before the next breakout.

We’re buying dips here — slowly, painfully, and with the emotional stability of someone who’s averaged down too many times before.

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MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$KHC Kraft Heinz’s CEO just dropped a depressing truth bomb: “We now have one of the worst consumer sentiments we’ve seen in decades.”
Translation: people are broke and tired of paying $9 for cheese slices. The stock’s already down 20% YTD, so maybe this is less “economic insight” and more “creative excuse-making.”

$PLTR Palantir fell 4% yesterday — which makes sense, since nobody (including them) knows what they actually do. The mystery deepened after Michael Burry revealed he’s shorting it. When the guy who predicted 2008 says your stock’s overvalued, that’s not the kind of clout you want.

$AMD ripped 7% after strong growth projections and the CEO calling AI spending “the right gamble.”
Right gamble? Try 126 P/E. That’s not a gamble, that’s Vegas with better lighting.

$CSCO Cisco popped 5% after-hours after beating earnings and guidance. Revenue climbed 8%, proving there’s still room for old-school tech to flex while the AI crowd burns through their capex budgets.

🥈 Silver went full beast mode, closing at an all-time high above $53.50. Gold followed suit, climbing 1.7% and inching toward $4,200. Apparently, investors are hedging against everything — except self-control.

TRADING SUCCESS

🤑 Thursday Motivation

🚀 Pre-Market Fuel

1. 😬 The unemployment rate for 20-24-year-olds is the highest since 2016.

2. 😂 We just had the first-ever human to AI marriage.

3. 👴 First-time homebuyer age hits 40.

4. ❌ There’s now a 50% chance Trump gets impeached.

🍪 Munchy Memes

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