Good morning.
The Fast Five → 'Octoberphobia' wiped $5 trillion off AI stocks, Intel stock plunges nearly 29% in worst day since 1974, Binance sees $3.64 billion in net outflows, prediction markets flop on recent elections, and Alphabet’s October wipeout hits $758B—its worst month ever…
📌 Dr. Ron Paul’s Nov 3 election warning: “What comes next will not be good”→
(from Stansberry Research)
Calendar: Full Calendar »
Today:
ISM Manufacturing PMI, 10:00A
Tomorrow:
JOLTS Job Openings, 10:00A
Congressional Elections, all day
Your 5-minute briefing for Monday, November 2:
BEFORE THE OPEN
As of market close 10/30/2026. Bitcoin as of 11/1/2026.
Pre-Market:
Market Wrap:
Futures: Dow +116 (+0.2%), S&P +0.3%, Nasdaq +0.4%
Week: Dow, S&P -1% or less; Nasdaq -2%
AI spending concerns pressured tech stocks
October: Nasdaq, S&P fell; Dow gained nearly 2%
Midterm elections take center stage Tuesday
October payrolls expected to rise 55,000
Focus shifts to Apple earnings and Friday’s jobs report
EARNINGS
Here’s what we’re watching:
Today: *Estee Lauder $EL ( ▲ 0.39% ), Palantir $PLTR ( ▼ 6.27% )
Apple $AAPL ( ▼ 1.23% ) - $1.98 EPS (+7% YoY) on 11% revenue growth to $113.3B
Every Bubble of His Life Was Caused by
the Fed. This One Is Different.
Savings-and-loan. Dot-com. Housing. Dr. Ron Paul watched the Federal Reserve inflate every bubble of the modern era.
But this one is different, he's warning.
Because for the first time, the federal government is directly sponsoring it.
And what we're seeing now, he says, is just a foreshadowing of an even greater crisis.
- A sponsored message from Stansberry Research -
HEADLINES
Intel (INTC) stock closed down nearly 29% Friday after the chipmaker's forecast for the final three months of the year came in well short of Wall Street's expectations.
Nasdaq, Dow, S&P 500 clobbered as October closes with brutal sell-off (more)
Wall Street braces for more wild days in stocks after tech rout (more)
The AI trade's trick-or-treat earnings season (more)
Fears over $828B AI capex spending spree help erase $1T in market value (more)
Wall Street is starting to call the shots in America’s AI build-out (more)
‘The Fed put is very much back’: Strategists weigh Fed’s next move (more)
Brazil’s economic outlook darkens as debt soars (more)
Bank of England poised to raise rates but may push back on bets for more (more)
Oil slips more than 1% as talks continue on ending Iran war (more)
Dollar rangebound ahead of US midterms (more)
Microsoft reaps the benefits of protecting its AAA credit rating (more)
SpaceX reportedly faces higher borrowing costs on its $40B GPU deal (more)
Apple to report Q4 earnings today, with iPhone 18 sales in the spotlight (more)
Alphabet’s October wipeout hits $758B, its worst month ever (more)
Prediction markets flop on recent elections (more)
Lumentum jumped on reports Marvell in late-stage talks to acquire company (more)
OpenAI might rebrand its data centers as ‘AI compute campuses’ (more)
DEALFLOW
M+A | Investments
Miami firms buy InterContinental hotel for about $300M
Valero to buy, restart idled Texas refinery
VC
Dren Bio, a biotech company developing first-in-class antibody therapeutics, raised $350M in private financing
Ozlo, a sleep technology company, raised $22M in Series B funding
Neuron Industries, an industrial hardware and software company building an AI industrial controller, raised $10M in Seed funding
Mintive, an infrastructure provider for the agentic enterprise, raised $7M in new funding
CRYPTO
BULLISH BITES
🚨 Dr. Ron Paul warns: “It’s time to prepare.” *
📉 Tech stock meltdown could get a lot worse if history is any guide.
⚠️ Theranos whistleblower warns AI boom is ‘a great opportunity to deceive people’.
How North Korea perfected the crypto heist.
🤑 How much money is considered rich?
DAILY SHARES
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