Rough Week - does not phase bulls!

Bitcoin - Bottoming?

Let's take a look at Walmart and Target again

Homeowners! Mortgage Reform?

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Warm-Up

- Short Week - Markets closed on Thursday and short Friday (1pm)

- Can't have a down week for TDAY! - Too much table talk

- Recession News

- Let's take a look at Walmart and Target again

- Homeowners! Mortgage Reform?

Markets

- Rough Week - does not phase bulls!

- Bitcoin - Bottoming?

- NVDA - China Bound?

- NASDAQ Weighting

Inflation - Still Up There

- They are now pressing for a cut in December (How are we handicapping this?)

- All of a sudden the parade of Fed speakers - all seem a bit more dovish.

Meanwhile

- President Donald Trump on Friday rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries.

- oranges, acai berries and paprika to cocoa, chemicals used in food production, fertilizers and even communion wafers.

Quantum Stocks

GOOD NEWS!

- NO Recession risk!

- Bessent says inflation due to services economy, not tariffs

- Treasury secretary says Republicans should end filibuster in event of another shutdown

- Bessent says administration working to lower prices where it can

- Banking and insurance,  Software development and cloud services, Tourism, Restaurants and hospitality , Professional services (law, accounting, consulting)

Rigging it

- NEC Director Kevin Hassett emerges as frontrunner for Fed Chair as President Trump nears decision, according to Bloomberg

Weird News

- Buried in the NVDA earnings report

- Remember back in September, the two companies announced a massive partnership that would include a $100 billion investment over time by Nvidia into OpenAI.

- Nvidia said in its quarterly financial filing that there’s no guarantee that the company will finalize an agreement with OpenAI.

- Soooooo - is this all hot air????

More NVDA

- Here we go. Another reversal

- President Donald Trump will make a final decision on whether to allow Nvidia Corp. to sell advanced artificial intelligence chips to China.

- The decision involves weighing the promotion of economic expansion against protecting national security, according to US Commerce Secretary Howard Lutnick.

------ Read that again - money versus national security

- Allowing the sales would mark a significant easing of restrictions imposed in 2022 to prevent Beijing and its military from accessing the most powerful US technologies.

Chip in question: H200

- Had some discussions about this - might as well as they will just get it on their own and this way we can control. (On the other hand, they have a long history of outsmarting us)

EVEN MORE

- NVIDIA issues memo to CNBC: The company said "We are not aware of any claims that NVDA has improperly capitalized operating expenses. Several commentators allege that customers have overstated earnings by extending GPU depreciation schedules beyond economic useful life" |

- The tip of the Iceberg - this is what Michael Burry has been pressing.....

HPQ Earnings

- HP Inc. beats by $0.01, reports revs in-line; guides Q1 EPS in-line; guides FY26 EPS below consensus; increases dividend; announces company-wide initiative, includes job cuts

- Stock down 6%

Amazon

- The Spend keeps going...

- Amazon.com Inc. says it will spend as much as $50 billion expanding its capacity to provide artificial intelligence and high-performance computing services to US government entities.

- Amazon Web Services plans to break ground next year on what will ultimately be 1.3 gigawatts of additional capacity across data centers designed for federal agencies, the