Tariffs again.
Art of the steal.
Put the Doritos down, slowly.
Markets
PAST WEEK | YEAR-SO-FAR | |
|---|---|---|
Nasdaq | +1.5% | +20.4% |
S&P500 | +1.3% | +15.7% |
MSCI Emerging Markets | +0.9% | +31.9% |
Bitcoin* | +3.9% | +23.4% |
Ethereum* | +3.0% | +25.0% |
Stock of the week: | +238.5% | -41.9% |
Crypto of the week: | +48.9% | +537.5% |
*Source: CoinGecko.com As of 6:29PM October 27, 2025
World news
Top news stories of the past week
1) Tariff tantrum: President Trump announced an immediate additional 10% tariff hike on Canadian imports after an Ontario TV ad featuring a speech by Ronald Reagan on the dangers of high tariffs. The ad aired during Game 1 of the World Series and was condemned by Trump, who called it a “serious misrepresentation of the facts, and hostile act.” Despite Canadian officials pledging to remove the ad following U.S. complaints, Trump raised tariffs and suspended trade talks, accusing Canada of acting in bad faith. So what happens if the Blue Jays win the World Series?

2) IArt of the Steal: French authorities apprehended two men in connection with last week’s daring Louvre Museum heist, in which a four-man team stole eight pieces of crown jewels worth over $100 million in a daylight raid that lasted under eight minutes. One suspect was caught at the Paris Airport as he tried to board a flight to Algeria, while the second was arrested later the same night in a suburb north of Paris. Both are in their 30s, from that area, and known to police for prior crimes. Investigators believe the suspects carried out the heist as professionals for hire, breaking in with a mobile lift, smashing display cases, and escaping on motorbikes. I can’t wait for the Netflix adaptation.

3) Inflation nation: The latest U.S. inflation report, delayed by the ongoing government shutdown, showed consumer prices rising 0.3% in September, pushing annual inflation up to 3% - the highest rate seen this year and slightly above August’s 2.9%. The increase was fueled by a 4.1% jump in gasoline prices and continued price pressures on essentials, although food cost growth moderated somewhat. With inflation still above the Federal Reserve’s 2% target, economists expect the central bank to remain on track for another interest rate cut at its upcoming meeting.

Top WEIRD stories of the past week
1) A Baltimore high school student was handcuffed after the school's new AI gun detection system mistook a bag of Doritos chips for a firearm. Who among us hasn't mistaken a bag of chips for a weapon?
2) A widespread Amazon Web Services outage last week caused a bizarre nightmare for owners of the $2,000 "Eight Sleep Pod” smart beds, which rely entirely on cloud connectivity, when they started overheating and became stuck in upright positions. In case you were wondering, this bed charges a $19.99 monthly subscription fee (actually).
3) After the infamous heist at the Louvre last week, a photo of a bystander in a fedora went viral as people online mistook him for the lead investigator - only for it to emerge he was just an ordinary (but very well dressed) passerby. You’re telling me that’s not Poirot?
Chart
You like charts? Graphs? Ya you do
The four tech giants Meta, Alphabet, Amazon, and Microsoft are projected to spend between $350 billion and $400 billion this year on capital expenditures, largely to build data-centers and hardware for AI infrastructure - more than double their spending from two years ago.

Personal Finance
Financial Booster
We’re about to enter the most wonderful time of the year.
Yes, yes, Christmas ads have already begun, but I’m talking about something else.
Of course, stock market seasonality! Stock markets tend to do best in the last couple months of the year, capping off with the famous Santa Claus rally: when from December 15th to the end of the year, the US stock market has delivered a positive return 78% of the time.
This is a long-term trend, where as much as half of the stock market’s gains for the full year come about in the last quarter of the year.

Good time to be invested!
Music
Banger of the week
Most important thing
Meme? Nah. Art.


