Key Events This Week: 1. Fed Chair Warsh Speaks - Monday 2. October Retail Sales data - Tuesday 3. Nvidia, $NVDA, Reports Earnings - Tuesday 4. October Pending Home Sales data - Wednesday 5. Fed Meeting Minutes - Wednesday 6. November Philly Fed Manufacturing data - Thursday 7. November MI Consumer Sentiment data - Friday 8. November MI Inflation Expectations data - Friday 9. A Total of 15 Fed Speaker Events This Week We have another busy week ahead.

Key Events This Week: 1. Fed Chair Warsh Speaks - Monday 2. October Retail Sales data - Tuesday 3. Nvidia, $NVDA, Reports Earnings - Tuesday 4. October Pending Home Sales data - Wednesday 5. Fed Meeting Minutes - Wednesday 6. November Philly Fed Manufacturing data - Thursday 7. November MI Consumer Sentiment data - Friday 8. November MI Inflation Expectations data - Friday 9. A Total of 15 Fed Speaker Events This Week We have another busy week ahead.

CRYPTO STOCKS SLIDE AS BITCOIN HITS THREE-MONTH LOW 🔸 Hut 8 ($HUT): −6.0% 🔸 Riot Platforms ($RIOT): −3.9% 🔸 MARA Holdings ($MARA): −3.9% 🔸 Robinhood ($HOOD): −3.2% 🔸 Strategy ($MSTR): −2.1% 🔸 Coinbase ($COIN): −0.5% Bitcoin's weakness is spreading across crypto equities, with mining stocks taking the biggest hit.

CRYPTO STOCKS SLIDE AS BITCOIN HITS THREE-MONTH LOW 🔸 Hut 8 ($HUT): −6.0% 🔸 Riot Platforms ($RIOT): −3.9% 🔸 MARA Holdings ($MARA): −3.9% 🔸 Robinhood ($HOOD): −3.2% 🔸 Strategy ($MSTR): −2.1% 🔸 Coinbase ($COIN): −0.5% Bitcoin's weakness is spreading across crypto equities, with mining stocks taking the biggest hit.

Looks like the majority got that wrong. Although I think we could reverse some. $SPY US PRODUCER INFLATION COOLS SLIGHTLY BUT REMAINS ELEVATED AT 6.5% US producer prices rose 0.3% in October, below the 0.4% forecast, while annual PPI reached 6.5%, versus 6.6% expected. 🔸 Headline PPI MoM: +0.3% vs. +0.4% expected 🔸 Headline PPI YoY: +6.5% vs. +6.6% expected 🔸 Core PPI MoM: +0.3%, in line 🔸 Core PPI YoY: +5.0%, in line 🔸 PPI excluding food, energy and trade MoM: +0.5% The modest headline miss offers some relief, but persistent underlying price pressures reinforce concerns about inflation.

Looks like the majority got that wrong. Although I think we could reverse some. $SPY US PRODUCER INFLATION COOLS SLIGHTLY BUT REMAINS ELEVATED AT 6.5% US producer prices rose 0.3% in October, below the 0.4% forecast, while annual PPI reached 6.5%, versus 6.6% expected. 🔸 Headline PPI MoM: +0.3% vs. +0.4% expected 🔸 Headline PPI YoY: +6.5% vs. +6.6% expected 🔸 Core PPI MoM: +0.3%, in line 🔸 Core PPI YoY: +5.0%, in line 🔸 PPI excluding food, energy and trade MoM: +0.5% The modest headline miss offers some relief, but persistent underlying price pressures reinforce concerns about inflation.

Looks like the majority got that wrong. Although I think we could reverse some. $SPY US PRODUCER INFLATION COOLS SLIGHTLY BUT REMAINS ELEVATED AT 6.5% US producer prices rose 0.3% in October, below the 0.4% forecast, while annual PPI reached 6.5%, versus 6.6% expected. 🔸 Headline PPI MoM: +0.3% vs. +0.4% expected 🔸 Headline PPI YoY: +6.5% vs. +6.6% expected 🔸 Core PPI MoM: +0.3%, in line 🔸 Core PPI YoY: +5.0%, in line 🔸 PPI excluding food, energy and trade MoM: +0.5% The modest headline miss offers some relief, but persistent underlying price pressures reinforce concerns about inflation.

JUST IN: $500,000,000 liquidated from the crypto market in the past hour. $BTC falls under $69,000 $ETH falls under $1,950 $XRP falls under $1.01 $SOL falls under $80

JUST IN: $500,000,000 liquidated from the crypto market in the past hour. $BTC falls under $69,000 $ETH falls under $1,950 $XRP falls under $1.01 $SOL falls under $80

$NVDA - BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS EFFECTIVE IMMEDIATELY Nvidia announces a major leadership shake-up: 🔸 Jensen Huang resigns as CEO, president and board member, effective immediately. 🔸 Colette Kress, Nvidia's CFO, appointed interim CEO. 🔸 Harvey C. Jones named board chair. 🔸 Search for permanent CEO begins, considering internal and external candidates. Huang's departure ends his 33-year tenure leading the AI chip giant he co-founded.

$NVDA - BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS EFFECTIVE IMMEDIATELY Nvidia announces a major leadership shake-up: 🔸 Jensen Huang resigns as CEO, president and board member, effective immediately. 🔸 Colette Kress, Nvidia's CFO, appointed interim CEO. 🔸 Harvey C. Jones named board chair. 🔸 Search for permanent CEO begins, considering internal and external candidates. Huang's departure ends his 33-year tenure leading the AI chip giant he co-founded.

BREAKING NEWS: NVIDIA'S CEO JENSEN HUANG OFFICIALLY STEP DOWN FROM HIS POSITION 

$NVDA - NVIDIA CORPORATION - JENSEN HUANG RESIGNS AS PRESIDENT, CEO, AND BOARD MEMBER EFFECTIVE IMMEDIATELY

$NVDA - NVIDIA CORPORATION - JENSEN HUANG RESIGNS AS PRESIDENT, CEO, AND BOARD MEMBER EFFECTIVE IMMEDIATELY

US JOBLESS CLAIMS RISE ABOVE EXPECTATIONS Initial jobless claims climbed to 200,000, above the 195,000 forecast and up from a revised 191,000. 🔸 Initial claims: 200K vs. 195K expected 🔸 4-week average: 195,250, unchanged 🔸 Continuing claims: 1.697M vs. 1.710M expected 🔸 Insured unemployment rate: 1.1%, unchanged Layoffs ticked higher, but declining continuing claims suggest the labor market remains relatively stable.

US JOBLESS CLAIMS RISE ABOVE EXPECTATIONS Initial jobless claims climbed to 200,000, above the 195,000 forecast and up from a revised 191,000. 🔸 Initial claims: 200K vs. 195K expected 🔸 4-week average: 195,250, unchanged 🔸 Continuing claims: 1.697M vs. 1.710M expected 🔸 Insured unemployment rate: 1.1%, unchanged Layoffs ticked higher, but declining continuing claims suggest the labor market remains relatively stable.

MARKET MOVERS 🔴 DOWNGRADES $NVDA: Downgraded to Market Perform by Bernstein SocGen Group; PT cut to $200 from $400 $NVDA: Downgraded to Perform by Oppenheimer; PT withdrawn $NVDA: Downgraded to Market Perform by William Blair $NVDA: Downgraded to In Line by Evercore ISI; PT lowered to $186 📉 PRICE TARGET CUT $NVDA: PT cut to $205 from $315 by Stifel $NVDA: PT cut to $225 from $285 by Citi $NVDA: PT cut to $230 from $330 by RBC Capital $NVDA: PT cut to $280 from $350 by BofA Securities $NVDA: PT cut to $225 from $300 by Yorkville Ives 🔵 RATING REITERATIONS $NVDA: Outperform reiterated by Mizuho; PT $250 $NVDA: Buy reiterated by UBS; PT $300 $NVDA: Strong Buy reiterated by Raymond James; PT $515 $NVDA: Overweight reiterated by Piper Sandler; PT $300

MARKET MOVERS 🔴 DOWNGRADES $NVDA: Downgraded to Market Perform by Bernstein SocGen Group; PT cut to $200 from $400 $NVDA: Downgraded to Perform by Oppenheimer; PT withdrawn $NVDA: Downgraded to Market Perform by William Blair $NVDA: Downgraded to In Line by Evercore ISI; PT lowered to $186 📉 PRICE TARGET CUT $NVDA: PT cut to $205 from $315 by Stifel $NVDA: PT cut to $225 from $285 by Citi $NVDA: PT cut to $230 from $330 by RBC Capital $NVDA: PT cut to $280 from $350 by BofA Securities $NVDA: PT cut to $225 from $300 by Yorkville Ives 🔵 RATING REITERATIONS $NVDA: Outperform reiterated by Mizuho; PT $250 $NVDA: Buy reiterated by UBS; PT $300 $NVDA: Strong Buy reiterated by Raymond James; PT $515 $NVDA: Overweight reiterated by Piper Sandler; PT $300

$NVDA - NVIDIA BOARD MEETING WEDNESDAY TO DECIDE WHETHER TO OUST CEO JENSEN HUANG - SOURCE

$NVDA - NVIDIA BOARD MEETING WEDNESDAY TO DECIDE WHETHER TO OUST CEO JENSEN HUANG - SOURCE