TOGETHER WITH
Hey there weekday warrior. Here’s what’s on tap today… Michael Burry is taking his talents to Substack, Novo Nordisk is down even worse, and pour one out for DOGE.
Enjoy the next 3 minutes and 51 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
My job is just… email
See mom, newsletters are a “real job…”
Sentences I didn’t expect to write in 2025: Michael Burry launches a Substack after shuttering his hedge fund.
You might recall that earlier this month, Christian Bale from ‘The Big Short’ aka Cassandra Unchained, announced he was shuttering his hedge fund and would be returning money to investors.
According to his letter to investors, “My estimation of value in securities is not now, and has not been for some time, in sync with the markets.” But it appears his complete inability to understand markets won’t hinder his ability to offer paid advice… about markets…
Burry is putting his ideas behind $379/yr paywall, which is essentially the two and twenty of the newsletter game.
So what can you expect?
According to his Substack landing page: “Cassandra Unchained is now Dr. Michael Burry’s sole focus as he gives you a front row seat to his analytical efforts and projections for stocks, markets, and bubbles, often with an eye to history and its remarkably timeless patterns.”
Translation? He’ll use the preferred platform of angsty Gen Z influencers to throw shade at Palantir and Nvidia… and go dark for months at a time, just like Twitter.
State of Trust: AI-driven attacks are getting more sophisticated
AI-driven attacks are getting bigger, faster, and more sophisticated—making risk much more difficult to contain. Without automation to respond quickly to AI threats, teams are forced to react without a plan in place.
This is according to Vanta’s newest State of Trust report, which surveyed 3,500 business and IT leaders across the globe.
One big change since last year’s report? Teams falling behind AI risks—and spending way more time and energy proving trust than building it.
61% of leaders spend more time proving security rather than improving it
59% note that AI risks outpace their expertise
But 95% say AI is making their security teams more effective
Get the full report to learn how organizations are navigating these changes, and what early adopters are doing to stay ahead.
⚠️ Imagine scrolling by the ad above without supporting Vanta. They’re the reason the show goes on. Please show them some love by clicking here and checking them out.
+ Ozempic can help boost weight loss by up to 20% in patients… and owning Novo Nordisk stock can decrease investors’ will to live by 71%…
Novo Nordisk's $NVO ( ▲ 4.65% ) share price tumbled yesterday to a four-year low after announcing that, get this, semaglutide can’t cure Alzheimer’s.
Good news: Semaglutides did help “disease-related biomarkers.”
Bad news: They did not delay disease progression.
Friendly reminder: competitor Eli Lilly just became the first big pharma company to hit a cuatro-comas market cap. It’s no secret that Eli Lilly’s been eating Novo’s lunch in the battle for weight loss market share. Never forget that Novo was the original GLP-1 (… unless you have Alzheimer's, of course).
+ Can’t wait for the reunion tour…
The Department of Government Efficiency is officially disbanding, but we’ll always have the memories.
What was supposed to be a two-year project was so efficient that it’s calling it quits after only 11 months of making libs cry. Office of Personnel Management Director Scott Kupor confirmed that DOGE is no longer a “centralized entity.”
Maybe it wasn’t the cost cuts realized, but the friends we made along the way…
+ Amazon $AMZN ( ▲ 1.5% ) CEO Andy Jassy’s mom: “If all your friends spent billions building data centers, would you do it too?”
Amazon: “...”
Andy Jassy & Co. announced that it will spend up to $50B starting in 2026 to build new data centers. The new facilities will add ~1.3 gigawatts of capacity for its 11k federal agency clients using AWS-based AI tools (read: Claude).
No one tell Michael Burry.
+ Kohl's names Michael Bender as permanent CEO after a turbulent year and sales declines (CNBC) They just replaced the Captain in charge of rearranging the deck chairs on the Titanic.
+ AMERICA! F*CK YEAH!
+ New Jersey deli fraudsters fail to pay millions of dollars in restitution, judge says (CNBC) You’re not going to believe this, you guys, but those two fraudsters found guilty of committing stock manipulation via a small deli in NJ aren’t paying restitution.
+ Anthropic introduces cheaper, more powerful, more efficient Opus 4.5 model (Ars Technica) Let me guess… this model is game-changing?
+ Tucker Carlson has launched a precious-metals company (WSJ) You’ve been warned, Costco…
+ US stocks “surged on Monday to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December and AI optimism fueled the tech trade.” (Yahoo! Finance)
+ The 10-year yield “was slightly lower on Monday morning as bond traders kicked off a shortened trading week and awaited more delayed economic data.” (CNBC)
+ Oil “prices edged marginally higher Monday, steadying after last week’s sharp losses as markets weighed the prospects of a potential peace deal in Ukraine.” (Reuters)
+ The “smart” money (prediction markets) thinks there’s a 38% chance the AI bubble bursts by the end of 2026. The bubble bursting means three of the following happen:
NVIDIA Corporation (NVDA) closing stock price is down 50% from its all-time high.
iShares PHLX Semiconductor ETF (SOXX) closing stock price is down 40% from its all-time high.
OpenAI, Inc. or Anthropic PBC declares bankruptcy.
OpenAI, Inc. is acquired.
H100 rental price falls to $1.00 or lower for five consecutive days
Major AI Hardware Supplier Collapse: Taiwan Semiconductor Manufacturing Company Limited (TSM), ASML Holding N.V. (ASML), Broadcom Inc. (AVGO), Arista Networks, Inc. (ANET), or Super Micro Computer, Inc. (SMCI), closing stock price is down 50% from its all-time high.
⏪ Yesterday…
+ Zoom, Symbotic, and Fluence reported after the close
⏩ Today we’re keeping an eye on…
+ Alibaba, Nio, Abercrombie & Fitch, Pony AI, Dick's, Burlington, and J. M. Smucker drop earnings before the bell
+ Dell, Zscaler, HP, Workday, CleanSpark, Autodesk, NetApp, and Ambarella report after hours
+ Michael Burry teased a disclosure or release of some sort. Some investors are speculating it could be related to the accounting practices of major tech firms such as Nvidia, Oracle, Meta, and Palantir
+ Shareholders of Hanesbrands will vote on the proposed merger with Gildan Activewear
+ The delayed September Retail Sales report is expected to be released by the U.S. Census Bureau
Yesterday, I asked, “What's the best part of Thanksgiving?”
27.2% of you said, “Two days off.”
Here’s what some of you guys had to say…
Liberal aunt vs. MAGA uncle: “We leave the Art of the Deal on the table to kickstart a dialogue”
Football: “I very rarely sit on my ass all day and gorge myself with food, beer and football. I just have to hold it all together until I have to carve that bird.”
Other: “Wednesday bar night ..”
Table banter: “I live 3,000 miles away from my family... so the banter is actually welcome!”
Food (main course): “Eating the bits of turkey that fell into the bottom of the pan and have just been sitting in the juices.”
Other: “Don’t have to buy any gifts”
Here’s today’s question…
You had to know this one was coming…
You can only save one Thanksgiving food (main course). The rest vanish from the face of the earth. Which are you saving?
Oh, and one more thing…
What did you think about today's newsletter?
Sent from my Amazon Fire Phone. Please excuse any mistakes and typos.
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.