Jasmine Lee

[Investing.com News @newsinvesting]

Citi is cutting U.S. equities and technology to Neutral while turning bullish on Europe, arguing the AI trade is showing signs of fatigue after a historic run. The shift doesn’t mean the AI story is over — but it does suggest Citi sees better risk-reward elsewhere as leadership broadens beyond U.S. mega-cap tech.

https://t.co/kL3XlAgj2V

[Investing.com News @newsinvesting]

Wall Street strategists at RBC, JPMorgan and Morgan Stanley say the S&P 500 correction may be nearing its final stage, with sentiment washed out and the index moving closer to key downside levels. They’re not calling an all-clear yet — but several see the setup improving enough to start adding risk into year-end.

https://t.co/o4IXtxLamT

[Investing.com News @newsinvesting]

Oppenheimer upgraded AMD $AMD to Outperform with a $600 target, saying its data-center business is accelerating fast enough to reshape the earnings story. The firm sees data-center sales jumping 135% next year and reaching 85% of revenue — but the bigger question is how much of that growth investors are already starting to price in.

https://t.co/ERStYNMTyc

[Jasmine Lee @JasmineWhis]

on the move

[TheStreet @TheStreet]

Morgan Stanley issues a fresh warning about AI stocks

Read more: https://t.co/YYLZPBekhP

[TheStreet @TheStreet]

Morgan Stanley stands by Sandisk as CFO flags a low-end pullback

Read more: https://t.co/W6QhuX7ufI

[TheStreet @TheStreet]

Goldman Sachs revamps 2027 gold price target, but signals rebound

Read more: https://t.co/X6KLGba6iY

[The Washington Post @washingtonpost]

Defense Secretary Pete Hegseth’s use of government employees and taxpayer-funded resources to create a self-promoting video attacking Democrats and other political opponents probably violated federal law, government watchdogs said. https://t.co/3RWCyRdilY

[The Washington Post @washingtonpost]

Floridians this week adopted a constitutional amendment that could cut property taxes for many homeowners, but that public officials have warned also threatens to starve municipal budgets around the state.

Here’s what to know: https://t.co/bcUTIX3TQv

[The Washington Post @washingtonpost]

The Democratic Party’s takeover of D.C. threatens the AI boom that has been driving U.S. economic growth and stock values.

Investors worry that Democrats, emboldened by their landslide win on Tuesday, will slow the nationwide buildout of AI data centers. https://t.co/zyb0keM5Vt

[The New York Times @nytimes]

Breaking News: Dolly Parton’s manager dropped a lawsuit accusing the late singer’s nephew of threatening to extract money from her estate. https://t.co/K4jN6B5IWu

[The New York Times @nytimes]

Breaking News: A judge promptly blocked President Trump’s planned 250-foot arch after a panel led by his allies approved it.

https://t.co/7Wlimri4yc

[The New York Times @nytimes]

Breaking News: U.S. employers hired at a vigorous pace in October, adding 165,000 jobs. The unemployment rate fell to 4.1%. https://t.co/HKd846II6J

[Business Insider @BusinessInsider]

Strategists at NDR say falling S&P 500 P/E ratios have been characteristic of "echo bear markets." https://t.co/tU5pkdNtHx

[Business Insider @BusinessInsider]

Wall Street wants a Goldilocks jobs report. The AI trade might need one. https://t.co/bjUyIAh7Ll

[Business Insider @BusinessInsider]

Musk's huge stakes in both SpaceX and Tesla mean he is worth more than Jeff Bezos and Google founders Larry Page and Sergey Brin combined. https://t.co/LMdSAbKeqR

[Bull Theory @BullTheoryio]

This market reversal is insane.

Just a few hours ago, global stocks were crashing as Democrats swept both the U.S. House and Senate.

Nasdaq futures plunged more than 2%, while Japan's Nikkei and South Korea's KOSPI suffered massive losses.

But now look at how much these markets have recovered from today's lows.

• S&P 500: +2.18%
• Nasdaq: +3.13%
• Russell 2000: +2.31%
• Dow Jones: +2.16%
• Japan's Nikkei 225: +5.09%
• South Korea's KOSPI: +4.71%

These are massive recoveries in just a few hours.

So why are markets suddenly recovering?

One reason is that investors are starting to understand what the Democratic victory actually means for Trump's remaining two years.

Democrats have won both chambers of Congress, but that doesn't mean Trump has lost all his powers.

First, Republicans still control Congress until January 3, 2027.

After that, Democrats can block new legislation, investigate the administration and push for changes to government spending, AI regulation and crypto policies.

But there's a major limitation.

Trump can veto legislation passed by Congress, and overriding that veto requires a two thirds majority in both the House and Senate.

Democrats have won majorities, but they don't have enough seats to override his vetoes on their own.

This means Democrats can make Trump's economic agenda much harder to pass, but they also can't simply force through every policy they want.

The same applies to the Iran war.

Democrats could attempt to restrict military funding or pass legislation limiting further strikes, but Trump could veto those measures.

So the election doesn't automatically end the war or completely change U.S. economic policy overnight.

And markets may be starting to price that in.

A divided government could lead to political deadlock, but it could also prevent major policy changes that investors were worried about.

[Bull Theory @BullTheoryio]

🚨 ONE BANK FAILURE HAS NOW TURNED INTO A NATIONAL CRISIS IN PARAGUAY.

24 hours ago, the central bank shut down ueno bank, a bank used by 60% of the country's adults.

Now the damage is spreading.

• 13 mutual funds run by 5 different firms have frozen withdrawals because their money was invested in ueno

• Trading in all of ueno's bonds has been suspended

• $380M from the state pension fund is stuck, along with money from the state power company and the Itaipú dam

• 2 out of every 3 card payments at big stores ran through ueno, and Paraguay's main importers' association says retail is now "semi paralyzed"

Customers can only get back up to $1,700 for now, with no date given.

The political fallout is just as big.

The central bank chief, who used to run ueno, has resigned. President Peña cancelled a foreign trip to deal with the crisis, and authorities have ordered the arrest of 8 bank executives.

The anger has now reached the streets and Widespread protests are happening now.

The central bank says this is a one-off.

But in October, Paraguay's 14 private banks had already asked it to report on the solvency of other lenders.

[Bull Theory @BullTheoryio]

BREAKING: 🇺🇸 Google is now paying employees in 5 more countries to quit as AI spending costs keep rising.

Staff in Canada, France, Germany, Japan and Switzerland are being offered one month's pay for every year worked to leave.

The only teams left out are Google Cloud and DeepMind, its AI unit.

Just last week, Microsoft offered the same kind of deal to 60,000 employees, about a quarter of its entire workforce.

Big Tech is cutting staff to pay for AI, with Google, Microsoft, Amazon and Meta on track to spend $735 billion this year, mostly on data centers and chips.

[Financial Times @FinancialTimes]

Birkenstock unveils IPO plans in latest sign of listings revival https://t.co/eNL1sBU4lw