Wild ride for markets - election movers and groovers.

Fed dousing the fire a bit.

Inflation is still a thing.

Nuke talk again....

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Warm-Up

- Up and Down - Election Confusing Markets - What a wild ride - more to come

- CTP for Carvana will be closing out this coming Friday and that is it for 2024 - CTP Cup comes in December

- More hacks that no one cares about

- Another big bankruptcy

- Nuke talks again

Markets

- Up and down - shine off that penny?

- Every pick / comment brings on new move

- Fed pours some cold water on markets

- Inflation - still a thing

- Something happening - only happened a few times in history

ANNOUNCEMENT : AH - Chili Competition Results - 3rd Place

Netflix - Jake Paul (27) and Mike Tyson (58)

- 60 million people "tried" to watch

- Glitches - system overload

- Jake Paul took it in a 8 round decision.

- Can you imagine if Netflix starts doing these live events with a $1 charge?

- Jake Paul got $40M and Tyson got $20M

Follow Up

- Palantir - Jumps after earnings and then announcing move to NASDAQ (Nov 26)

- As of last Friday - #1 performer in S&P 500 this year

- Up 48% MTD and 250% YTD

- Big move Friday was because it will qualify for NAZ 100 (QQQ) and lots of buying will need to be done

- Good for Peter: Thiel's Palantir holdings have increased in value by about $3.2 billion since the earnings report and $2 billion since the election.

Once Hot -Now Not

- Here is company that we had for clients -bought low, sold higher, bought some more higher, sold on way down

- Super Micro - SMCI - was a darling for some time - then a few short sellers attacked - stock sold off

- Company decided to follow the other guys with 10-1 stock spilts - stock was as high as $1,200 per share pre split- now??? $21.75 ($217.50 comparable)

- Could be kicked out of NASDAQ

- Short -Sellers couldbe right - Super Micro is late in filing its 2024 year-end report with the SEC, and has yet to replace its accounting firm.

--- UPDATE - Super Micro Computer secures BDO USA as lead auditor, targets key filings by early 2025 amid NASDAQ approval process (Stock up 25%)

Markets - Not Often Seen

- The stock market has done this only three times since January 1871

- The Shiller P/E ratio has reached a reading of 38 only three times during a bull market rally in 153 years. In December 1999, during the dot-com boom, the Shiller P/E peaked at a reading of 44.19. Meanwhile, in the first week of 2022, it very briefly lifted above 40.

- On most occasions, this heat needs to be cooled... It could take time as this is a slow moving ratio/indicator

- Another point - only a few times in history have we seen a market up 20% - 2 consecutive years.

--- Will it continue? History shows that this needs to cool off too - but that does not mean a crash is imminent.

More Cooling

- Russell 2000 was HOT right after the election.

- Day after it was up like 5%+++

- Last week, down 4%

Hack'd

- Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a months-long campaign to spy on the cellphone communications of high-value intelligence targets

- Last Wednesday, The Federal Bureau of Investigation (FBI) and the U.S. cyber watchdog agency CISA said China-linked hackers have intercepted surveillance data intended for American law enforcement agencies after breaking into an unspecified number of telecom companies.

- Earlier in October, the Journal reported that Chinese hackers accessed the networks of U.S. broadband providers, including Verizon Communications, AT&T and Lumen Technologies,