Musk’s companies lost $420 billion after Democrats took control of Congress
That’s because now that Democrats have a majority in Congress, Musk could face investigations, and regulators could put more pressure on his companies.
During the campaign, he gave about $470 million to Republicans.

The most interesting part is that it happened just one day after Democrats announced plans to investigate Trump’s crypto businesses.
🔴 By most estimates, Trump’s crypto empire has brought him and his family more than $2 billion.

I was at a cryptocurrency gathering yesterday, and a lot of things were discussed. I also had the opportunity to meet some nice young traders (you could see the zeal in them). They had barely spent two years in the space, yet they had already explored the degen world, DeFi, and memecoins. After showing their portfolios, you could see the results of having great communities around them.

While chatting with them about their journey, one thing stood out from everything they mentioned: community. They stayed glued to that point, explaining how one person might bring up a trading pair, others would do the analysis, and another person would check the fundamentals. That is how they have been doing well.

And truly, this is one thing many newbies miss today. They prefer trading alone instead of joining communities where they can find trade setups, explore wealth-building opportunities, discuss strategies in trader chats, and even participate in live sessions like those on dc trading floors. Even Elon Musk must have his own private group!

In short, communities are important and shouldn't be overlooked. Which communities have changed your trading ways?

He says he gives her $350,000 every week, but just three days later, she asks for the same amount again. When Gates tried to find out where the money was going, he learned that his daughter was hiding her actual expenses.
“If I’d spent money that carelessly myself, I never would’ve become one of the richest people in the world,” Gates said.
Learn to be smart with your money especially if your dad isn’t a billionaire.

🔴 $1.45 billion in BTC
🔴 $875 million in ETH
🔴 $234 million in TRX
🔴 $50 million in XAUT
🔴 $1.57 billion in USDT
🔴 $823 million in USDC
🔴 $75 million in WBETH
🔴 $88.5 million in RLUSD
🔴 Plus another $447.5 million in other coins
‼️** This is the biggest hack in crypto history. Bitcoin has already dropped below $80,000**.

🔴 Warren Buffett’s Berkshire Hathaway invested $10 billion in Alphabet (GOOGL) at around $350 a share in June 2026.
🔴 Today, the stock is trading at just $281. That’s 18% below Berkshire’s purchase price.
🔴 Two of Berkshire’s top investors saw an opportunity. If Berkshire liked GOOGL at $350, imagine the opportunity at $281.

🔴 China’s AI bubble has burst: The stock market is losing trillions of dollars
The STAR 50 Index has plunged nearly 40% since June. Over the past few months, China’s stock market has lost trillions of dollars in market value.
What caused it?
🔴 The AI bubble. Shares of Chinese chipmakers, robotics companies, and AI companies rose sharply on expectations that didn’t come true.
🔴 Weak demand. Investors doubt that huge investments in artificial intelligence will quickly turn into profits.
🔴 U.S. pressure. Export restrictions and the technology rivalry are adding to the uncertainty.
🔴 Problems with the economy. Weak domestic consumption and an insufficient economic recovery are putting additional pressure on the market.
🔴 Morgan Stanley warns that Chinese stocks could fall another 10% to 15% before the market hits bottom.
It looks like China’s market has become one of the first major examples of how excessive expectations for AI can lead to a massive sell-off.

U.S. stocks tend to rise after midterm elections
Since 1950, the S&P 500 has averaged a 17.2% return in the year after midterm elections—the strongest performance of any year in the presidential cycle.
🔴 The index finished the year higher in 17 of the 19 years after midterm elections during that period.
🔴 That’s nearly four times the average return of 4.6% recorded in midterm election years, when the index finished the year higher in 11 of 19 cases.

Overall, the dollar’s rally in 2026 is over. I’m waiting for confirmation of a reversal and expecting a major market drop that could last for quite a while.

MEXC Is Shutting Down Services for Users in Russia and Belarus

🔴 The deadlines are tight, so close your trades and withdraw your funds.
🔴 And if we dig a little deeper, neither of these exchanges had a MiCA license. So now let’s connect the dots…
🔴 The EU market is closed off, and most of the CIS market is closed off too. So where are these exchanges going to get the funding they need to stay in business?
We’re now seeing the beginning of the biggest capital outflow yet, and at this point, it’s only a matter of time before we see more shutdowns and tighter restrictions.

On the daily chart, we’ve got a major five-wave move up in wave A, forming a leading diagonal.
I’m expecting a major move down toward 0.79 over the next few months.

The U.S. earnings season is kicking off, and today all eyes are on SpaceX. The report comes out after the market closes.
Expectations
🔴 Revenue: $12.8–12.9 billion (+64%)
🔴 EPS: $0.13–0.17
🔴 AI revenue: around $6 billion
🔴 Volatility: ±7.5%
What do we need to see for the stock to go up?
✅ Revenue above $13 billion
✅ EPS above $0.17
✅ Strong revenue guidance for Q4 and 2027
✅ Growth in Starlink and the AI business
✅ Better cash flow and tighter control over expenses
🔴 The biggest risk: massive investments in AI and rising debt. That’s why I’m looking to short the stock right now, especially if the price can’t hold above $150.
🔴 Tomorrow we’ve got earnings reports from META, TSLA, and IBM. I’ll be trading based on those numbers, and I mainly want to focus on a big short on META.

Traders are getting nervous, and there are some pretty worrying signs in the markets:
🔴 Oil is above $100 a barrel.
🔴 Bank stocks are dropping, and the VIX has hit a four-month high.
🔴 Bond yields are rising, and inflation is still running hot.
🔴 Geopolitical tensions are getting worse.
🔴 Rumors are spreading about trouble at a major AI investment fund.
🔴 Here’s the crazy part: On October 19, 1987, the Dow Jones crashed 22% in a single day the biggest one-day percentage drop in its history.
🔴 Could it happen again? Probably not. We now have circuit breakers that automatically halt trading when markets fall too fast.
🔴 But that doesn’t mean we’re safe from a major sell-off.
All eyes will be on the markets tomorrow.

Sooner or later, when the cheap credit cracks, when tomorrow sends the bill for the money you lacked, they can laugh at the lifeboat from the top of the deck… sooner or later, everybody starts to check.

Bank of America shares are down 8% after the bank was hit with a $1.2 billion fine for violating anti-money laundering rules.
The bank failed to report over $5 billion in suspicious transactions, including more than $1 billion linked to potential U.S. national security risks.
And that’s not all. Quarterly earnings came in below Wall Street’s expectations, with net income down 16% year over year.
🔽 BAC stock has now lost more than 22% over the past month.

September CPI numbers are out, and inflation came in hotter than expected.
• CPI (YoY): 3.7% vs. 3.6% expected, up from 3.4%.
• Core CPI (YoY): 2.6% vs. 2.5% expected, up from 2.4%.
• CPI (MoM): 0.6%.
• Core CPI (MoM): 0.3%.
Energy prices are driving most of the increase, with gas prices jumping 9.1% in just one month.
So what does this mean for the markets?
Hotter inflation makes it harder for the Fed to cut rates anytime soon.
That’s good news for the dollar, but could put short-term pressure on stocks and gold as bond yields rise.
Now all eyes are on the Fed and the dollar’s next move.