WHY YOU’RE GOING TO LOSE MONEY ON STOCKS THIS DECADE! Legendary investor Howard Marks puts it bluntly: “When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE.” Today the market sits at a 25x P/E.

🇺🇸Valuation Markets can defy gravity for years, but history keeps whispering the same warning: lofty CAPEs don't end kindly for long-term investors. Discipline, fundamentals, and diversification aren't just advice—they're survival gear 👉isabelnet.com/?s=valuation ht Lance Roberts

“If the proposal goes forward, it would be the latest rollback of one of the president’s key economic policies over growing concerns about affordability.” Administration officials have long insisted tariffs would be paid by foreign exporters, not consumers…

Heads up. BTC consolidation pattern negated by this reckoning, suggesting potentially important top.

Exclusive: Russia's oil processing fell just 3% this year despite Ukraine's biggest drone attacks to date as refineries averted a steep decline in fuel production by leveraging spare capacity to offset damage from the strikes, sources said and data showed reut.rs/4o6H9l6

Seeing $ORCL's CDS spike is troubling. Would have thought that it would have taken more time for AI and credit to become a problem.

The combination of extreme concentration in a mkt now dominated by passive investment poses a risk of a rapid decline. It is only "poses" for now.

Always good news for crude mkts.

Saylor's vulnerability 👇👇👇

Deja vu` as $SPX would open at roughly 6676, below its 50 day SMA, repeating its act of last Friday. Will the selling relent to save the 137 session streak? The safest 'prediction' is the risk of panicky selling and/or rallies. They never make it easy.

Risk off move in Treasury futures with reversals all across the curve. Act surprised. $ZN_Z 10 Yr futures are representative.

The CBOE's Equities + Indices Put/Call Ratio only saw the slightest rise in put buying yesterday as the one day reading moved from 0.790 to 0.815. You can make your own guess as to whether the dip buyers will be buying calls today or not.

Will today be a Yogi Berra deja vu` all over again with a Friday kick save?

1) Tone deaf to leave himself out of the investigation. 2) HE CAN NOW BE PROTECTED FROM FURTHER EMBARRASSMENT OF ADDITIONAL EPSTEIN FILE RELEASES UNDER THE GUISE OF IT CAN'T BE DONE SINCE THERE IS AN ACTIVE INVESTIGATION.

The Democrats are apparently on a mission from G-D to destroy themselves. Way to go!

Observation and anecdotal: You see large inflows at short term peaks with pullbacks/corrections of unknown magnitude and time amidst longer term strength.

$SPY Very little selling but it's bounced off the Anchored VWAP from the day's low twice. The 2nd chart is fanciful/low confidence.

Trump lost the battle to block the vote in the House on Epstein file release. Fear not, Trump instructs the DOJ to investigate Democrats (but not Trump). It likely means that due to investigation, no further document releases. Evil genius actually. nytimes.com/live/2025/11/1…

This article made me ask myself if I had had a drink (I don't drink during the day). Marjorie Taylor Greene questions if Trump is still the 'America First' president - NBC News apple.news/AAeG8yFjJRyOLT…