America’s marriage rate has been dropping for years, and don’t expect Gen Z to reverse that trend. Only 67% of 12th graders in 2023 said they were likely to get married one day, compared with the 80% reported three decades before. Also dropping? Divorces: the number of divorces per 1,000 married women plummeted to just 14.4% in 2023, down from its 1980 peak. The S&P 500, Nasdaq 100, and Russell 2000 all fell sharply on Monday as a sell-off in tech, finance, and energy drove stocks lower, but the losses were broad, with every sector ETF in the red except for utilities. Traders are bracing themselves for Nvidia’s earnings report on Wednesday, which will offer key insights into the viability of the AI trade, and the September jobs report, which will be released on Thursday. |
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| - In recent weeks, both the quantum computing space and smaller AI-linked companies have seen significant selling pressure, as has bitcoin. Given that crypto is a place with limited fundamentals to draw on, it’s a very good gauge of the ebbs and flows in risk appetite.
- “The pockets of momentum chasing which had surged in September and early October, first stumbled on the US-China trade escalation, then continued bleeding and have now been completely unwound, with the selloff one of the swiftest on record,” Deutsche Bank strategist Parag Thatte wrote.
- This sell-off is occurring in tandem with a slump in business development corporations — that is, firms in the private credit business that lend to small or midsize US companies. This space has been rocked by high-profile busts at Tricolor and First Brands.
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On Monday, Blue Owl came under acute pressure when the Financial Times reported that it has blocked redemptions in one of its earliest private credit funds as it prepares to merge with another of its vehicles, and investors could be facing losses of about 20%. In the stock market, traders of Blue Owl are hooting first and asking questions later, pushing shares down to a fresh 52-week low on Monday. |
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The 21-day correlation between the daily percent change in the iShares Bitcoin Trust and VanEck BDC Income ETF has exploded higher, reaching levels not seen since the market’s nosedive and subsequent rebound as onerous tariffs were imposed and then watered down in the second quarter of 2025. Probably nothing a good Nvidia earnings report couldn’t get us to forget about, though. |
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1 Shorting increases the risk of investing. With short sales, the potential for loss is unlimited. 2 Margin comes with increased risks. Losses as well as gains will be magnified with the greater amount borrowed. |
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Jeff Bezos, the third-richest man in the world and the founder of Amazon, a company increasingly focused on AI, has created a new AI startup of which he will be co-CEO, The New York Times reports. The new venture, Project Prometheus, aims to use AI to engineer and manufacture automobiles and spacecraft. It also sounds conspicuously like Elon Musk’s AI startup, xAI. Musk, the richest man in the world and the CEO of Tesla, a company increasingly focused on AI, also leads his AI startup and is progressively working on integrating its technology into his vehicle and space companies. |
- Musk’s space company is SpaceX, while Bezos’ is called Blue Origin.
- Musk owns social media company X, formerly Twitter, which is now part of xAI. Bezos owns media company The Washington Post.
- Bezos also has invested in an EV company, Slate Auto, which some see as a “Tesla killer.” Got it?
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In other words, Bezos and Musk remain engaged in a billionaire version of “keeping up with the Joneses.” |
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And, as if the competition was not obvious enough, consider this nugget: Musk has told his teams working on the Optimus robot that he wants it to be able to get in and out of the company’s Cybercab to make deliveries, according to a report by The Information. Amazon, of course, has also been amping up its use of robots, eventually planning to have them deliver its e-commerce packages. The Optimus and Cybercab are supposed to go into production next year, so now it seems their giant public tech companies are slated to go head to head. |
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We’re almost out of what we’d say so far was a stellar quarterly reporting season. But despite 73.5% of companies tracked by Bespoke Investment Group beating on earnings per share, the analysts noted that earnings reactions from traders have “been a completely different story.” |
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Access to Pre-IPO Offerings Starts Here |
Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here. |
The private markets aren’t just for VCs anymore. With StartEngine Private, accredited investors are gaining exposure to companies like Databricks and Perplexity. StartEngine also offers diversified Funds, providing exposure to multiple pre-IPO offerings4 with one check. View Fund Opportunities.5 Want to back the platform making this access possible? Invest in StartEngine’s latest round.6 |
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- 🏈 NFL: The Kansas City Chiefs’ defeat at the hands of the Denver Broncos has prompted some to wonder if the NFL dynasty might even miss the playoffs this year. The loss certainly did a number on the market’s perception of their postseason potential: the implied probability* that the Chiefs would be AFC champions had hovered at around 24% on Sunday before sharply dropping to about 15% by that evening, and their once dominant chance of winning the AFC West has now fallen to just 12%, behind both the ascendant Broncos and even the Chargers.
- 🎮 The Game Awards: Nominations dropped for Game of the Year at The Game Awards, and “Clair Obscur: Expedition 33” remains a strong favorite to win the top prize according to the markets, which give it a 86% chance of victory. Other nominees include “Hollow Knight: Silksong” (6% chance), “Hades II” (4% chance), “Kingdom Come: Deliverance II” (3% chance), “Death Stranding 2: On The Beach” (2% chance), and “Donkey Kong Bananza” (2% chance).
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*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC. |
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- Earnings expected from Home Depot and Baidu
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Advertiser's disclosures: 3 Investing in futures and options carries unique risks. Before engaging in any transactions in CME Group marketplace, carefully review the disclosures and disclaimers contained at https://www.cmegroup.com/disclaimer.html Investing in digital assets involves significant risks due to their extreme price volatility and the potential for loss, theft, or compromise of private keys. The value of the shares is closely tied to acceptance, industry developments, and governance changes, making them susceptible to market sentiment. Digital assets represent a new and rapidly evolving industry. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. 4 Any IPO timing is unknown and general steps to be accepted for an IPO have to be undertaken. There is no guarantee that an actual IPO will occur. 5 The companies listed on StartEngine Private are not involved in or endorsing this investment, and have not approved StartEngine Private LLC or its affiliates. Rather, when you invest through StartEngine Private, you are buying an interest in a separate Series of StartEngine Private LLC, not stock directly in the companies listed. The Series may hold shares directly or through a special-purpose vehicle (SPV). Your interests may differ from the companies’ stock in both rights and value, and there may not be a one-to-one economic parity between the value of Series interests and the underlying shares. The Series also bears its own costs (such as transaction and administrative expenses), which may reduce investor returns. This offering is made under Regulation D, Rule 506(c), through StartEngine Primary LLC (member FINRA/SIPC), and is available only to accredited investors. These investments are speculative, illiquid, and high risk, and you should be prepared to hold them indefinitely and to bear the risk of losing your entire investment. StartEngine and its affiliates do not provide financial, investment, legal, or tax advice. This update may include information from third party or public sources that has not been independently verified and may be incomplete or inaccurate. Before investing, please carefully review the full offering documents on the offering page and consult your advisors. 6 This is a paid advertisement for StartEngine’s Regulation A+ offering. For more information, please see the most recent Offering Circular and Risks related to this offering. This Reg A+ offering is made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary is involved in the offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. Investing in private company securities is not suitable for all investors. This investment is highly speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. It should only be considered a long-term investment. There is no guarantee that a market will develop for such securities. |
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