JUST IN: Michael Burry says Tesla stock is "ridiculously overvalued"

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🗓 Key Events This Week

A heavy macro week with data points that shape the outlook for growth, inflation and the labor market. Several releases cluster around midweek, setting the tone for yields, the USD and overall risk appetite.

🟡 Monday

● ISM Manufacturing PMI gives the first read on activity momentum this month. Rising manufacturing signals expanding demand while weaker prints point to ongoing softness in goods production.

● Fed Chair Powell speaks in the afternoon. Markets will listen closely for any shift in tone on inflation progress and the timing of potential rate cuts.

🔴 Wednesday

● ADP payrolls offer an early look at private sector hiring. Strong hiring reinforces labor market resilience while soft numbers suggest the cooling trend continues.

● ISM Services PMI shows the health of the largest part of the US economy. Strength supports higher yields and firmer growth expectations while weakness pressures the broader outlook.

● Salesforce earnings drop after the bell. Guidance is key since large cap tech sentiment still leans heavily on enterprise spending trends.

🟡 Thursday

● Weekly jobless claims give the cleanest real time view of labor stress. A rise in claims signals pressure building while stable numbers point to ongoing strength.

🔴 Friday

● Core PCE inflation lands in the morning. This is the Federal Reserve’s preferred measure and the most important data point of the week. Sticky PCE keeps policy tighter for longer while softer readings support easing in yields.

● UMich consumer sentiment follows shortly after. Improving sentiment supports spending momentum going into year end while declines hint at fatigue.

This week delivers a full spectrum of signals across growth, jobs and inflation. Wednesday and Friday carry the highest impact, setting the direction for the market into the first half of December.

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📚 5 Psychology Books Every Trader Should Read

Holiday breaks are perfect for leveling up your trading mindset. These five books are not trading manuals but powerful psychology tools that sharpen discipline, awareness and decision making.

✔️ Sway: The Irresistible Pull of Irrational Behavior

Ori and Rom Brafman break down the invisible forces that distort judgment. Diagnostic bias, the chameleon effect and deep-rooted motivators around danger and risk all show how easily traders can get trapped in flawed thinking. It is a quick, surprisingly gripping read for understanding why we act against our own logic.

✔️ The Art of Thinking Clearly

Rolf Dobelli maps out 99 short chapters on the thinking errors almost everyone makes. Availability bias, hindsight bias and outcome bias are all central to trading mistakes. Each chapter is only a few pages, making it an ideal book to dip into between sessions and catch the bias you did not notice creeping in.

✔️ Think Again

Adam Grant’s book is a blueprint for rethinking assumptions, controlling emotional reactions and staying flexible. Traders who can question their beliefs and detach from ego adapt faster and avoid the tunnel vision that ruins good setups. It is one of the cleanest guides to self awareness in fast moving environments.

✔️ High Performance Habits

Brendon Burchard distills research from high performers across 190 countries into six core traits. Clarity, energy, necessity, productivity, influence and courage. These habits make routines intentional rather than reactive. For traders, that shift often becomes the difference between randomness and consistency.

✔️ The Emotion Code

Dr. Bradley Nelson goes deeper into subconscious emotional blocks. The style is more metaphysical, but the exercises help identify buried reactions and unresolved stress that quietly influence decisions. Understanding emotional triggers makes handling losses and surprises far easier.

These books sharpen the psychological edge that separates strategy from execution. Better awareness, cleaner thinking and stronger habits lead to better trades. If you want to work on the inner game during the holiday lull, this list is a strong start.

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There’s no secret.

Only discipline repeated until it looks like talent.

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President Trump says he will be making a big announcement at 2:00 PM ET today.

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You start trading and think you'll figure it out in a few months.

Six months later you're still losing. You tell yourself it's fine. You just need more time.

A year goes by. You know more now. You've watched endless videos. Taken hundreds of trades. Your account is smaller than when you started.

Two years. You understand charts better. You follow your rules most of the time. But you're still not making money. Not consistently.

People stopped asking how trading is going. Your family thinks it's a phase. Some days you think so too.

Three years in. You've thought about quitting more times than you can count. You've watched others give up and move on. You see traders posting wins and wonder if you're just broken.

You're exhausted. This has taken more from you than you expected. Time. Money. Confidence.

Yet you keep showing up every single day. You don't even know why anymore. Maybe you're stubborn. Maybe you've lost too much to walk away. Maybe some part of you still believes.

Then one day you take a trade and it just feels normal. You're not shaking. You're not overthinking. You see it, take it, manage it. It works.

You do it again the next week. And again. You still lose trades. But you're not falling apart anymore. You're just trading.

You can't say when it changed. There was no moment where everything clicked. Just a lot of small things adding up until one day you weren't fighting yourself anymore.

That's what no one tells you. It takes longer than you think. Longer than feels possible.

Most people quit when they're tired. The ones who make it quit when they're done. Those aren't the same thing.

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What do you prefer?

Accept the stop loss and live to trade another day... or ignore it and watch your entire account evaporate?

The answer is obvious.

Yet 99% of traders still choose liquidation over discipline.

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President Trump effectively announces that Kevin Hassett will be the next Fed Chair.

2026 is going to be a wild year.

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⚠️ Michael Burry says he's expecting a prolonged market wide selloff that's worse than 2000.

He also says Bitcoin is worthless and is the 'tulip bulb of our time'.

Do you agree 👍 or disagree👎 ?

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JUST IN: US ADP Private Payrolls unexpectedly fall by -32,000 jobs in November, while a gain of +10,000 jobs was expected.

The Fed will have no choice but to cut rates again.

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❗️Oracle’s Debt Insurance Hits 16-Year High

Oracle credit default swaps, the cost to insure its debt, have climbed to about 1.28% per year. This is the highest level since 2009 and more than three times the level seen in June.

🔴 The bond market now treats Oracle as one of the riskiest large companies in the entire AI sector.

It is the lowest rated hyperscaler at BBB with more than one hundred billion dollars in debt and a major AI data center and power expansion that relies on OpenAI and the Stargate project.

Oracle will report Q2 earnings on December 10.

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💱 2026: The Year the Fed Turns Into a New Institution

Next year’s market story is the arrival of a new Federal Reserve. If Trump selects Kevin Hassett as Chair, policy shifts toward an openly growth first stance and away from Powell’s caution.

❓ Who Hassett Is

Hassett is the leading candidate with strong odds. He argues that inflation is essentially defeated and that current real rates are held up for political reasons. All year he pushed the same message that rates should be much lower. On any hawkish to dovish scale he sits near the most dovish end.

The expected sequence is simple. In January he replaces Miran as Governor. In May he becomes Chair. Powell then steps down from the Board as every exiting Chair has done which allows Trump to bring in Warsh.

⚡️ The New Committee

If Powell resigns, Hassett gains a firm dovish core supported by a large group of officials who can be convinced. Only two members stand as consistent hawks.

If Powell refuses to resign, the outcome turns bearish because he becomes a shadow leader who blocks new appointments and splits loyalty across the committee.

🕯 Market Reaction

First comes immediate optimism once Hassett is nominated and confirmed.
Then concern grows if Powell remains silent for several weeks.
A strong rally follows the moment Powell confirms his exit.
Volatility returns ahead of the first meeting under Hassett in June 2026.

The risk is a divided committee. The Chair has no special tie breaking power and repeated split votes would undermine trust.

📉 Rates And Repricing

The official dot plot hides the real stance. The true median of voting members for late 2026 is close to three point one percent. With Hassett and Warsh in place the center moves toward two point six percent.

The market sits near three point zero two percent which leaves meaningful room for the short end to fall. If the productivity boom continues to cool inflation, the pressure for deeper cuts increases.

🌐 Asset Impact

Two year yields should drop as easing becomes the base case while ten year yields stay higher due to stronger growth.
Equities benefit from lower real discount rates and a revival in growth valuations.
Gold strengthens in any environment where the Fed favors expansion over strict inflation control.
Bitcoin eventually reacts positively if policy turns clearly supportive despite recent fragile behavior.

🔗 The Tealbook Factor

The research staff drives the baseline for every FOMC debate. A shift from a Keynesian outlook to a supply side outlook would produce more disinflationary forecasts which gives moderates room to back stronger cuts.

The result is clear. The year 2026 is set to deliver a true policy regime change. Markets only partly reflect this shift even though the incoming leadership points to a much more forceful turn toward lower rates.

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Young people wreck themselves because they expect life to be fair - they think something, somewhere, is supposed to balance out.

It doesn’t.
Where you’re born, who you’re born to…
Opportunities, interviews, timing - none of it is fair.

As a trader you get taught this quickly: the market doesn’t care about effort, time spent, or what you "deserve". It just is. Some days you get paid for doing nothing, other days you do everything right and still get clipped.

Accept it early.
Drop the expectation, look at things as they are, and play the hand you’ve got. That’s how you actually move forward.

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💵 US Treasury Just Completed a Record Buyback

The US Treasury carried out a record buyback of government bonds worth 12.5 billion dollars.

Total submissions reached 34.6 billion dollars, and the Treasury accepted 12.5 billion across twenty three issues.

This is one of the largest liquidity injections from the Treasury in recent years and a clear sign that officials want smoother market functioning and tighter spreads.

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🇺🇸REMINDER: US initial jobless claims data will be released in 1 hour.

Expectations: 220,000

Do you see the reaction up or down?
Tap 👍 or 👎

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