Good morning.

The Fast Five → Treasurys gained in investors’ flight to safety, Fed expected to hold rates steady, Brent crude tops $116, Americans have never had more of their money in stocks, and SpaceX and Meta are dropping clues you should not ignore…

📌 Elon now pays 15X more than your bank »
(from InvestorPlace Media)

Calendar: Full Calendar »

  • Today:
    None watched

  • Tomorrow:
    CB Consumer Confidence, 10A

Your 5-minute briefing for Monday, October 26:

BEFORE THE OPEN

As of market close 10/23/2026. Bitcoin as of 10/15/2026.

Pre-Market:

Market Wrap:

  • Futures: Dow +128 (+0.2%), S&P +0.4%, Nasdaq +0.6%

  • Fri: Dow -650+, S&P -0.5%, Nasdaq -0.2%

  • S&P and Nasdaq logged consecutive losing weeks

  • Oil surged, with Brent topping $116

  • Middle East tensions fueled energy price concerns

  • Markets see a 90% chance of a Fed rate hold

  • Focus shifts to Wednesday’s Fed decisionEARNINGS

EARNINGS

Here’s what we’re watching this week:

Full earnings calendar »

FROM INVESTORPLACE MEDIA

Wall Street Veteran Goes ALL In on
Bank of Elon

A 20-year Wall Street veteran – who worked at a $10 billion hedge fund – is putting ALL his money in Elon Musk's new bank.

He says he can see the writing on the wall for traditional banks. And he's not the only one.

See if you should join him here (not just for the 6% yield) →

- A sponsored message from InvestorPlace Media -

HEADLINES

US Treasurys Gained in Investors’ Flight to Safety

Markets have grown worried that Big Tech firms will not make sufficient money to cover their ballooning investments and are running into supply-chain bottlenecks.

SpaceX and Meta are Dropping Clues You Should Not Ignore

Investors should pay attention to the clues companies give, even if the market ignores them.

  • Dow sinks 600 pts, S&P 500, Nasdaq drop to cap a volatile week (more)

  • AI spending fears threaten to swamp Big Tech’s strong earnings (more)

    • Earnings flood, Fed meeting will test rickety AI market rally (more)

  • Zero-day option traders are betting against big S&P 500 swings (more)

  • Americans have never had more of their money in stocks (more)

  • Fed expected to hold rates steady this week despite hot inflation (more)

  • Americans call economy bad but keep spending despite midterm polls (more)

  • Brent crude tops $116 as traders price in Middle East escalation (more)

  • SEC flags AI ‘super intelligence’ and tokenization as systemic market risks (more)

  • AI delivers ‘zero financial payoff’ to most companies, economist says (more)

  • SpaceX-Tesla merger could face antitrust scrutiny (more)

  • AT&T, Verizon, T-Mobile warn FCC of Musk's SpaceX phone network (more)

  • Moderna investors should brace for more whiplash (more)

  • Two AI chipmakers make up 34% of America’s earnings boom (more)

  • Audi will build a $4B US factory in Georgia, Trump says (more)

  • Couche-Tard proposes up to $8B offer for Cumberland Farms (more)

DEALFLOW

M+A | Investments

  • Inflexion sells majority stake in Celnor to Goldman Sachs Alternatives

  • Mike Ashley’s Frasers says it’s taken control of Hugo Boss

  • ZwitterCo receives investment from Ecolab

  • Wilde receives $40M investment from S2G Investment

VC

  • Warp Sciences, a domestic chemistry contract research organization platform, raised $215M in funding

  • Warhound, a defense tech company, emerged from stealth with a $200M Seed funding round

  • Kevel, an adtech company, raised $52M in funding

  • Formic, a commercialization platform for physical AI, raised $50M in Series B and Debt financing

  • Maxinsights, a data layer service for physical AI, raised $30M in Seed funding

  • BioStack, a data infrastructure network for healthcare and medical AI, raised $9.5M in Seed funding

  • Thrive Therapies, a tech-enabled pediatric healthcare platform, raised $7.7M in funding

  • Cambridge Heavy Industries, a developer of compact fusion machines, emerged from stealth with $6.2M in Seed funding

  • Pythag Tech, a data and tech company accelerating the future of cultivated meat, raised $4.25M in Seed funding

  • The Happy Camper, an RV technology platform, raised $2.5M in Seed funding

CRYPTO

  • Crypto under weekend pressure, bitcoin slides below $80,000 (more)

  • Bitcoin ETFs snap two-week losing streak despite late-week slide (more)

  • Wells Fargo, Cisco, Intuit and 6 more companies object to tokenized stocks (more)

BULLISH BITES

💵 Elon's plan to replace the dollar *

⚠️ Jamie Dimon warns of 5 big threats to the US economy.

🎁 Before you donate this year, know the new tax rules.

🛸 Strange, flying "black triangle" cited in new UFO documents.

✈️ The cat-and-mouse game between premium credit cards and points junkies.

DAILY SHARES

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