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Hey there weekday warrior,
Masa Son has got a fever and the only prescription is more US investments…
Enjoy the next 4 minutes and 21 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
+ US stocks “drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year.” (Yahoo! Finance)
+ U.S. Treasury yields “were little changed on Monday as investors looked ahead to the Federal Reserve’s final meeting of the year this week.” (CNBC)
+ Oil “slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision.” (Reuters)
+ Bitcoin “spiked to yet another new record on Monday, nearing the $108,000 mark, while Ethereum rose to a price not seen since 2021.” (Decrypt)
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Tesla +6.1% 2) Nvidia -1.6% 3) Broadcom +11.2%
The market moves you need to know about…
– WallStreetBets boys punching the air right now. Nvidia fell 1.6% and has officially entered “market correction” territory. Shares sit around 12% below their ATH. The slump comes after Broadcom (+11.2%) put on an earnings masterclass last week, and investors seem eager to find the next bubble AI play.
– Annnnd it’s gone. Shares of Super Micro Computer tumbled 8.2% yesterday, continuing their descent after a painful few weeks of playing will they/won’t they with the Nasdaq. To add insult to injury, SMCI lost its place on the Nasdaq 100, which is made up of the top 100 non-financial Nasdaq stocks. SMCI’s market cap has dropped to just $20B from its all-time high above $70B.
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Vision Fun
Source: Giphy
Zuck, Bezos, and pretty much every other CEO to Donny Politics: “Here’s $1M for your inauguration fund!”
Masa Son: “Hold my beer.”
Masa Son and Softbank are about to make it rain on the US (again). The Japanese firm said it’s ready to mainline $100B directly into the United States of America’s veins over the next 4 years (think: Donald Trump’s Presidency). *Adam Neumann has entered the chat*
Softbank’s investments will be in the types of companies only Cathie Wood could love: “artificial intelligence, emerging technologies, and other industries of tomorrow.” Oh, like office space rentals?
During a presser, President Trump and Masa Son promised 100k new jobs in the US… which means the Bureau of Labor Statistics will report at least 650k.
If it feels like you’ve seen this movie, that’s because you have. Softbank pledged $50B and 50k jobs following Trump’s first election.
Just in case the 12-figure investment didn't prove his allegiance, Masa rizzed up the Commander in Chief with this line, “President Trump is a double-down president. I’m going to have to double down.”
Now, to be fair, all $100B might not be newly raised dollars. And some of it might have already been deployed.
For example, Softbank's recent investment in OpenAI could count towards the total. And it's probably safe to assume a f*ck ton of it will come from the Vision Fund.
+ The 2nd worst thing to happen to UnitedHealth execs all year…
Shares of multiple healthcare companies operating as pharmacy benefit managers (PBMs) got rekt on Monday after #47 said he plans to “knock out the middleman.” Spoiler: PBMs are middlemen who coordinate between drugmakers and insurers. UnitedHealth (-4.2%), CVS (-5.6%), and Cigna (-3.0%) all took a big hit on the day.
Trump’s threat sounds a whole lot like a bipartisan bill introduced last week that would force companies that own insurers and PBMs to divest their pharmacy businesses. Friendly reminder that PBMs have been under FTC investigation since back in 2022. RFK Jr doesn’t even need C*alis with this kind of action going on.
+ r/Buttcoin members sitting in the shower in the fetal position right now…
Sat stackers got more good news Monday as Bitcoin reached (another) all-time high, mooning to over $107k and sending Michael Saylor on a fresh “told ya so” tour. Microstrategy’s (-0.04%) latest purchase of 15,350 BTC and the expectation of the Fed cutting interest rates have pushed more investors to get skin in the crypto game.
Per usual, Bitcoin is putting the rest of the crypto team on its back, helping Ethereum jump to a new ATH and sending Coinbase (+1.5%) shares up on the day.
+ The secret ingredient is crime…
Former TV talk show host Carlos Watson was sentenced to 10 years in prison for charges including committing wire fraud related to his role as Co-Founder of Ozy Media. Ozy Media got its ‘fake it til you make it’ on. Carlos leveraged his media presence and Ivy League degrees to report “creative,” unaudited (read: bullsh*t) revenues to Ozy Media investors.
The Ozy team even went so far as to have accomplice Co-Founder Samir Rao Carlos pose as a YouTube executive (voice changing app and all) to pitch Ozy to Goldman Sachs. Despite co-conspirators Samir and Ozy Media Chief of Staff Suzee Han pleading guilty, Carlos still denies the allegations. Ozy Media is about to look more like Oz.
+ "It'd be a lot cooler if you did." - TikTok to the Supreme Court
ByteDance, TikTok's parent company, is requesting SCOTUS have a second (er, third) look at Congress' proposed ban (or forced sale) of the social media app.
They specifically asked for the highest court in the land (you know, the one so important it was named after Taco Bell's most elite taco trim package) to put the law on ice by January 6th… then take the chance to fully review the case.
Speaking of January 6th... Donald Trump said yesterday "We'll take a look at TikTok" and mentioned he has a "warm spot in [his] heart for TikTok." That could have had something to do with TikTok CEO Shou Zi Chew being in the room. The President met with the CEO at Mar-a-Lago.
ICYMI, Trump has generally been supportive of a solution that allows TikTok to continue operating in the US.
+ Harvard researchers: The people who are happiest with their careers share this mindset. Spoiler: they like the taste of drugs and alcohol.
+ Thanks to Instagram, everyone thinks they’re DIY experts — but these dream homes turned into reno nightmares. Are you happy now, Chip and Joanna?
🔥 CEO of $210 billion chipmaker holds meetings on weekends, expects work after midnight: ‘People are really motivated by ambitious goals’. As if they needed another reason to apply to Nvidia…
FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.
⏪ Yesterday, Palo Alto Networks began trading on a split-adjusted basis.
⏩ Today we’re keeping an eye on…
+ November retail sales data drops
Yesterday, I asked, “What's the best Christmas song of all time?”
'White Christmas'
'Baby, It's Cold Outside'
'All I Want For Christmas Is You'
Here’s what some of you had to say (and my thoughts in italics)…
Ok, so maybe I missed a few big ones…
“The Season's Upon Us by Dropkick Murphys”
“Hard Candy Christmas - Dolly Parton”
“Mele Kalikimaka (Merry Christmas)” Certified banger.
“Have Yourself a Merry Little Christmas - Ella Fitzgerald version” Ok, fair.
“Santa Baby by Eartha kitt you heathen”
“O' Holy Night”
“Andy Williams and company AB-SO-LOOT-LY SHREDS "It's the Most Wonderful Time of the Year." Am I right???? The horn section goes to WORK!”
“Fairytale of New York - Pogues. 100%”
“‘Wonderful Christmastime’ by Paul McCartney friggin slaps” I’ve said this before… the Beatles should be barred from Christmas songs. Just trash.
“Christmas Eve by the trans Siberian orchestra. This is doing coke at the out of control office after party personified.” I still don’t know what the Trans Siberian Orchestra is, but they give Buble a run for his money come Christmastime…
And here’s today’s question…
Based on answers from the past few days, it appears some of you are Grinches, so…
What's the best US holiday?
Oh, and one more thing…
What did you think about today's newsletter?
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.