JUST IN: The delinquency rate for office Commercial Mortgage-Backed Securities (CMBS) rose by 63 basis points in October, hitting a record 11.8%. This marks a level more than one percentage point above the post-2008 financial crisis high of 10.7%, with the rate having increased since October 2022.
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JUST IN: Gold funds saw a record $7.5 billion in net outflows last week as investors cashed in profits after gold's historic rally, reversing the prior week's record $8.5 billion inflow. Over the previous four months, these funds had drawn in a substantial $59 billion overall.
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The moment you stop needing to win, you start trading well.
When the outcome no longer dictates your mood, your edge becomes visible.
You stop forcing trades that donβt fit.
You start respecting the boundaries that protect you.
The irony is brutal.
Profits come the day you stop chasing them.
The market rewards detachment, not desire.
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When the outcome no longer dictates your mood, your edge becomes visible.
You stop forcing trades that donβt fit.
You start respecting the boundaries that protect you.
The irony is brutal.
Profits come the day you stop chasing them.
The market rewards detachment, not desire.
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Both outperform most hedge funds.
Sometimes the best alpha is pure irony.
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JUST IN: US stock futures have declined by more than 1%, driven by a pullback in tech stocks in response to mixed reactions from recent earnings reports.
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We are in the midst of a generational technological revolution.
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JUST IN: At a Hong Kong summit, Goldman Sachs CEO David Solomon and other top Wall Street executives, including those from Morgan Stanley, warned that a market pullback is possible but not immediate, with Solomon specifically noting a potential 10β20% drop in equities in the coming period.
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JUST IN: Bitcoin has plummeted to a more than four-month low, with the cryptocurrency currently down 2.9% at $103,826.
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JUST IN: The US government shutdown has reached day 35, marking it as the longest in history.
β’ Forecasts on the prediction market Kalshi now project the shutdown lasting around 44 days, a sharp rise in recent weeks.
β’ Despite this milestone, Sen. Markwayne Mullin offered commentary on the situation.
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β’ Forecasts on the prediction market Kalshi now project the shutdown lasting around 44 days, a sharp rise in recent weeks.
β’ Despite this milestone, Sen. Markwayne Mullin offered commentary on the situation.
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The GSCI Equal-Weighted Commodities Index is up 25% YoY, while the Fed is cutting rates.
In previous cycles, commodities peaked when the Fed started tightening. Now theyβre surging in a rate-cut cycle.
Gold, oil, and real commodities are leading again. The rules are changing.
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JUST IN: The US Labor department says economic data will NOT be released until the government shutdown ends, pointing to a 60+ day "blackout."
This includes:
1. Monthly Jobs Reports
2. Monthly Unemployment Rate
3. Monthly CPI inflation data
4. Monthly PPI inflation data
5. Monthly Retail Sales data
6. Monthly Housing Starts data
The Fed is cutting rates into the "dark."
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This includes:
1. Monthly Jobs Reports
2. Monthly Unemployment Rate
3. Monthly CPI inflation data
4. Monthly PPI inflation data
5. Monthly Retail Sales data
6. Monthly Housing Starts data
The Fed is cutting rates into the "dark."
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Every trader starts with dreams of freedom.
But 90% never make it. Hereβs why:
Trading isnβt about genius.
Itβs about patience, structure, and endurance.
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JUST IN: The Department of Transportation may close airspace in parts of the US if the government shutdown extends into next week. Half of air traffic control facilities are short-staffed, with 13,000 employees working without pay.
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JUST IN: Super Micro Computer's stock, $SMCI, plunged more than 10% after the company released Q3 2025 earnings that fell short of expectations.
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JUST IN: Crypto markets are continuing their downturn, with Bitcoin declining 22% since October 6. Ethereum (ETH) has fallen over 35% in the last month.
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JUST IN: Japan's SoftBank stock has fallen 15% today, worsening its two-day drop to 22% overall. The decline equates to a $32 billion loss in market capitalization.
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Consistency isnβt about being right. Itβs about surviving long enough to be right when it matters.
Youβll lose money, sleep, friends, and faith many times.
The 1% who make it arenβt smarter.
Theyβre scarred, paranoid, and obsessive.
If youβre not willing to treat trading like a war against your own brain, walk away now.
The market doesnβt need your money, but it will take it.
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Youβll lose money, sleep, friends, and faith many times.
The 1% who make it arenβt smarter.
Theyβre scarred, paranoid, and obsessive.
If youβre not willing to treat trading like a war against your own brain, walk away now.
The market doesnβt need your money, but it will take it.
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β€54π―7π3π2π€1
You can now join White Horse, a trading group built by traders who actually trade.
Itβs made for those who want structure, logic, and steady growth instead of random calls.
Inside:
The crypto market is quiet, so weβve paused most crypto threads for now.
To balance it out, weβve added a dedicated thread for Empire Trades with his precise intraday setups, and lowered the entry price for the first month to $30.
Nowβs a good moment to join and see how we actually trade.
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The Latin America ETF is up 42% year-to-date, far ahead of the S&P 500. The region is going through a deep structural shift that investors canβt ignore.
Momentum in Latin markets is turning into a broader trend. With political change, global demand for resources, and cheap valuations, Latin America looks positioned for another strong leg higher.
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JUST IN: Trump stated that the government shutdown played a major role in the election.
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JUST IN: Trump stated that he does not expect Democrats to act soon on the government shutdown and believes it will not be resolved anytime soon.
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