Dear Reader,

Every major tech company on Earth is racing to build AI.

They're all dependent on the same chips... the same power grid... the same infrastructure...

But when Elon is done with his just-revealed master plan – buried inside the SpaceX S-1...

The AI economy you think you understand won't exist anymore.

You could wake up tomorrow and discover your money is suddenly in all the wrong places.

I've spent 15 years doing this kind of forensic research and my institutional reasearch is followed by the world's biggest money managers, including Goldman Sachs, JPMorgan Chase, BlackRock, and Fidelity...

When I saw what was buried inside the SpaceX S-1, I flew to Starbase to see it for myself.

In my new briefing, I'll show you exactly what I believe Elon is building – and the single best stock to own because of it (not Tesla or SpaceX)...

Better yet, I'm giving away the name and ticker completely free, no credit card required.

Click here to get the full story and my No. 1 recommendation, free.

Regards,

Rob Spivey
Managing Director, Altimetry

BREAKING NEWS

🏦 A Fed Governor Just Said The Quiet Part Out Loud

The market's partying at record highs and a Federal Reserve governor just walked in and turned down the music.

Speaking Wednesday in Anchorage, Lisa Cook said she's "prepared to act by raising rates" if inflation refuses to cool. Not cutting rates. Raising them.

That doesn't mean a hike is coming tomorrow. But it does mean something has changed. For most of this year, investors have been asking one question: When will the Fed cut? Cook just reminded them there's another possibility nobody wants to price in.

• 📊 She voted to hold, not hike: Last week, Cook voted to leave rates unchanged. Now she's making it clear that holding isn't a permanent plan if inflation remains too high.

• 🛢️ She sees hope: Cook pointed to cooling oil, tariffs and AI spending as signs inflation could ease on its own. If it does, no hike needed.

• ⚠️ The conversation has changed: The debate used to be "how many cuts this year." Now it's "cut, hold, or hike?" That's a big psychological shift.

Why It Matters For A Record-High Market: Stocks at all-time highs are priced for a friendly Fed but prediction markets say there’s a 63% chance of a rate hike this year and that will hurt stocks, especially the expensive, high-growth AI names carrying this whole rally.

The Munch Take: All year we've gotten bad news, war, rate-hike threats, a chip panic, a foreign market crash, and the market just keeps climbing to records anyway. That's either the clearest sign of a bubble you'll ever see, or proof the economy really is firing on all cylinders and the market believes AI will transform everything. Here's the honest part: nobody knows which. Rate hikes are supposed to hurt stocks. So is war. Neither has, at least not yet. When a market shrugs off things that should knock it down, it either knows something you don't, or it's ignoring something it shouldn't. Watch the prediction-market odds on rate hikes, because that's the story that could finally bite. But so far, the market's answer to every scary headline has been to go up. For now.

3 AI Stocks To Buy Before December 2026 (Ad)

My name is Alexander Green.

I've been the chief investment strategist of one of America's oldest private investment research groups for over two decades.

I bought Apple in 1996. A decade before the iPhone.

In 2004, I recommended Nvidia… at a split-adjusted 66 cents.

In 2005, I bought Amazon and Netflix, under $3 pre share split-adjusted.

I don’t tell you this to brag.

I tell you this to show you my track record when it comes to identifying big technology trends, and getting them right.

Now I’ve found three AI stocks I believe could be the most profitable investments of the next decade.

These three stocks could change your life.

Click here to get all three stock names.

THE MARKET WATCH

🏠 A Record 25 Million Young Adults Live With Mom And Dad

Two housing numbers tell the same story.

A record 25.2 million Americans under 35 now live with their parents - the highest number ever, surpassing even the pandemic peak. At the same time, the average 30-year mortgage rate has climbed to around 6.55%, its highest level in about a year.

Those aren't two separate headlines. They're cause and effect.

About 7 in 10 of these young adults living at home have jobs. They aren't refusing to grow up - they're getting priced out. The median U.S. home now costs roughly $430,000, and buying it comfortably requires an income well above $120,000, nearly double what was needed just a few years ago. Monthly payments that were around $1,400 in 2020 are now well above $2,200 for a typical home. The spare bedroom isn't becoming more popular. It's becoming the only affordable option.

Behind these numbers are three big challenges:

• 🏗️ The root is supply: America is short roughly 4 million homes after a decade of under building since 2008.

• 👛 Wages can't keep up: These young adults are employed, but their paychecks aren't rising as fast as home prices and rents.

• 📈 Relief isn't around the corner: Mortgage rates remain elevated, and with the Fed still focused on inflation, borrowing costs may stay higher for longer.

• 🤑 Bonus Report: This AI Income Fund Posted a 34 Percent Annualized Rate (via Investors Alley)

The Munch Take: Housing has quietly become a waiting game. Young adults aren't waiting because they think prices will fall - they're waiting because they don't have another choice. Every extra year spent saving for a down payment is another year that homeownership, wealth, and financial independence get pushed further into the future. We usually measure the housing market with prices, mortgage rates and inventory. But the number that tells the real story is 25.2 million - the record number of young adults still living with their parents. Sure, spending more time with family is great. The downside is that for millions of young adults, it's not happening by choice. It's an affordability problem wearing the disguise of family time.

🍪 Munchy Memes

Beat the Crowd: Get Real-Time Market Triggers

Email is great, but the financial markets move at the speed of light. By the time an urgent stock catalyst hits your inbox, the biggest price moves are often already over. Join our priority mobile broadcast to receive instant, bite-sized text notifications on major breaking updates, unexpected earnings beats, and massive institutional volume spikes—long before the rest of the market catches on.

Activate Free SMS Alerts from MarketMunch