“There are decades where nothing happens; and there are weeks where decades happen” - Vladimir Lenin

This past week felt like the latter.

No time to waste.

Markets

Source: CoinGecko.com As of 4:55PM November 10, 2024

World news

Top news stories of the past week

1) America to Trump: “You’re hired”: In case you haven’t heard (how?) Donald Trump was elected President for a second time. It was nearly a Republic sweep, with the Senate won and the House nearly there too. Trump won the popular vote and the electoral vote. Most public polls had the race effectively tied going into Tuesday, but the betting markets, particularly Polymarket, were showing a big lead for Trump. One anonymous trader bet more than $30M on the platform that Trump would win, and cashed out with over $50M.

2) Then everyone bought American stocks…: Markets loved the outcome of the US election. The S&P500 had its best weekly return of the year and the Russell 2000 (focused on smaller companies) was up 8.5%. Yeesh. Rates are dropping, while a President biased to deregulation is stepping in. Are stocks headed to the moon? Asking for a friend.

3) …and Crypto: Bitcoin surged to new all-time-highs, crossing U$81K for the first time ever on Sunday. The OG crypto is now worth over $1.5 TRILLION. Trump has been publicly very supportive of crypto in recent months - saying at the Bitcoin 2024 conference that he wanted the US to become the crypto capital of the world. BULLISH.

Top WEIRD stories of the past week

1) Forty monkeys escaped from a research facility in South Carolina. As if I didn’t already have enough on my plate, Planet of the Apes is starting?

2) There was a beauty contest for bats that crowned one named “Hoary Potter” as winner. Why does that contest exist? And why the Harry Potter reference?

3) Remember that Australian breakdancer who trolled the world during the Olympics? Well, she quit. Congrats internet! You win!

Chart

You like charts? Graphs? Ya you do

Between new highs almost every day, major elections, and geopolitical tension, the stock market might feel like it’s due for a dip. However, there’s a good reason to stay invested:

Investment idea

What are we investing in?

Trump trades

With Trump heading back to the White House, there are a few things that many expect will be good investments thanks to his policy biases.

1. Financials

Anticipation of deregulation under Trump's leadership has led to a surge in financial stocks. Companies like Charles Schwab, Robinhood, and Morgan Stanley have experienced significant gains, reflecting expectations of a more business-friendly environment.

2. Energy sector

Trump's support for traditional fossil fuels suggests potential growth for energy companies. Analysts have identified firms such as Peabody Energy and Hallador Energy as potential beneficiaries of policies favoring coal and oil industries.

3. Crypto

Trump is the first pro-crypto President. He spoke in support of crypto at this year’s Bitcoin conference, has issued his own tokens and NFTs (non-fungible tokens), and even said he would fire Gary Gensler - Chair of the SEC who has made it hard for crypto to find any regulatory footing in the US. All this is crypto-bullish.

History

On this day…

…in 1918, World War I ended. It was the 11th hour on the 11th day of the 11th month when Germany signed an armistice with the Allies in a railroad car outside Compiégne, France. It was a war that left nine million soldiers dead and 21 million wounded.

Music

Banger of the week

Most important thing

Meme? Nah. Art.