He stated the same thing about Tesla that the stock would collapse in 2020-2021. It didn't happen. In March of 2021 Bitcoin was supposed to collapse from 64,000.00. It didn't happen. In 2019 predicted an index fund collapse. It didn't happen. General market collapse predicted several times from 2015-2023. It didn't happen. Now in 2025 he is predicting an AI collapse. This guy is like Casey at the bat. I don't even know why people even pay attention to him. He's terrible at predicting events to say the least.
Tuesday, November 11, 2025
The Daily Market Flux - Your Complete Market Rundown (11/11/2025)
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Here is Your Complete Market Rundown (11/11/2025):
Today's Top Stories:
Senate Passes Bill to End Record US Government Shutdown as House Vote Looms
The Senate approved a spending package to end the 41-day government shutdown, the longest in US history. The House will vote Wednesday at 4 PM to finalize the deal, which would restore services for millions and end furloughs for federal workers amid ongoing flight disruptions.
Company News:
Nvidia Corporation (NVDA)
Performance Overview
1D Change: -2.91%
5D Change: -2.8%
News Volume: 279
Unusual Volume Factor: 1x
SoftBank Sells Entire $5.8 Billion Nvidia Stake to Fund OpenAI Investment Push
Japanese technology conglomerate SoftBank Group announced Tuesday it has sold its complete stake in Nvidia, offloading 32.1 million shares for $5.83 billion in October.
The sale, which represented approximately 0.1% of Nvidia’s total shares, was disclosed alongside SoftBank’s quarterly earnings report showing profits more than doubled, partly due to gains from tech holdings.
UBS Group Ag (UBS)
Performance Overview
1D Change: 1.44%
5D Change: 2.92%
News Volume: 158
Unusual Volume Factor: 1x
UBS Delays Credit Suisse Ultra-Wealthy Client Migration as Analysts Issue Multiple Stock Upgrades
UBS encountered a rare setback in its Credit Suisse integration, delaying the migration of some super-rich clients to its platforms by several months, according to sources.
The delay affects ultra-wealthy clients and marks an unusual disruption in what has otherwise been a relatively smooth integration process since the acquisition.
Advanced Micro Devices, Inc. (AMD)
Performance Overview
1D Change: -2.73%
5D Change: -5.07%
News Volume: 140
Unusual Volume Factor: 2x
AMD Projects 35% Annual Revenue Growth Through 2030, Raises Data Center Market Forecast to $1 Trillion
Advanced Micro Devices held its first-ever analyst day on November 11, unveiling ambitious growth targets driven by what CEO Lisa Su described as “insatiable” demand for AI computing infrastructure.
The company projects 35% compound annual revenue growth over the next three to five years, with data center revenue expected to grow at over 60% CAGR and core business segments expanding above 10%. Su significantly raised AMD’s total addressable market forecast for data centers to over $1 trillion by 2030, doubling the company’s previous estimate of approximately $500 billion.
Nike, Inc. (NKE)
Performance Overview
1D Change: 3.92%
5D Change: 3.2%
Nike Leads Dow Rally as CEO Unveils Innovation Strategy and Secures Textile Partnership
Nike CEO Elliott Hill outlined plans to restore the company’s innovation leadership, highlighting its new chunky running shoe as a model for accelerated product development.
The sportswear giant secured a supply deal with textile startup Syre, which is raising up to $700 million in new funding.
AppLovin Corporation (APP)
Performance Overview
1D Change: -8.68%
5D Change: -2.29%
AppLovin Stock Surges on Strong Q3 Performance, Becomes Notable Market Cap Mover
AppLovin emerged as a significant market cap mover Tuesday following its third-quarter results, which were lifted by multiple positive factors. The stock’s movement contrasted with broader tech sector weakness as the Dow approached record highs.
Pfizer Inc. (PFE)
Performance Overview
1D Change: 4.59%
5D Change: 4.91%
Pfizer Acquires Obesity-Drug Maker Metsera After Bidding War With Novo Nordisk
Pfizer secured acquisition of obesity-drug developer Metsera for an additional $1.7 billion following competitive bidding with Novo Nordisk. The company also outlined clinical development strategy for its 4404 bispecific antibody in oncology. Analysts suggest Metsera benefits from Pfizer’s ownership over rival bidder. Pfizer shares outperformed competitors in trading.
Technology Events
Markets Hesitate Despite Government Shutdown Resolution as AI Concerns Overshadow Relief
The Senate passed a short-term funding bill 60-40 to end the 41-day government shutdown, with the House scheduled to vote Wednesday at 4 p.m. EST. House Speaker Mike Johnson recalled lawmakers to Washington after the Senate's approval. However, stocks failed to rally on the news, with the S&P 500 and Nasdaq falling as AI valuation concerns resurfaced. Traders expressed disappointment at the muted market response despite the shutdown resolution. Federal services ETFs showed mixed performance as investors awaited spending clarity. Meanwhile, President Trump worked on closing tariff deals with India and Switzerland. In international developments, China's Commerce Ministry indicated willingness to continue discussions with the U.S. on supply chain stability following a one-year pause on affiliate rules, while Britain suspended intelligence sharing with Washington over Caribbean cartel operations, marking a significant strain in Five Eyes alliance unity.
Google Announces $6.4 Billion Cloud Infrastructure Investment in Germany
Google plans to invest €5.5 billion ($6.41 billion) to expand its cloud infrastructure in Germany, including construction of a new data center in Dietzenbach.
Meta's Chief AI Scientist Yann LeCun to Depart for Own Startup
Yann LeCun, Meta's Chief AI Scientist, Turing Award winner, and head of the company's FAIR long-term research lab, plans to leave the tech giant to launch his own startup, according to the Financial Times.
AMD Targets $100 Billion in Annual Data Center Chip Revenue Within Five Years
AMD projects 35% annual revenue growth over the next three to five years, driven by data center chips expected to grow over 60% annually. CEO Lisa Su forecasts the total data center market will reach $1 trillion by 2030, citing insatiable AI demand as the primary catalyst.
POET Technologies, Quantum Computing Partner on Ultra-Fast Optical Engines for AI Data Centers
POET Technologies and Quantum Computing Inc. announced collaboration to develop 3.2 Tbps optical engines using 400G/lane thin-film lithium niobate modulators for AI data center connectivity, targeting completion in second half of 2026.
Geopolitics Events
Senate Passes Bill to End Record 41-Day Government Shutdown as House Vote Looms
The US Senate approved a compromise spending package late Monday to end the longest government shutdown in American history, breaking a 41-day stalemate that has disrupted federal services and left hundreds of thousands of workers unpaid. The House is scheduled to vote Wednesday at 4 PM EST, with Speaker Mike Johnson recalling lawmakers to Washington after the Senate's 60-40 passage. The shutdown has caused widespread disruption, including over 1,000 flight cancellations on November 11 alone, with nearly 8,000 flights grounded over five days due to FAA staffing shortages. Food benefits for millions have been interrupted, and investors are concerned about labor market data accuracy following the closure. In a separate development, the UK has suspended intelligence sharing with the US over disagreements regarding Caribbean cartel operations, marking a significant strain in Five Eyes alliance unity. The move follows controversial Trump-era drone and naval strikes. Markets responded cautiously, with the S&P 500 and Nasdaq falling as investors await spending clarity and grapple with AI valuation concerns.
US Private Sector Sheds Average 11,250 Jobs Weekly Through Late October
ADP reports American private employers cut an average of 11,250 jobs per week during the four weeks ending October 25, signaling softening labor market conditions heading into year-end.
China Signals Diplomatic Thaw with Canada While Opening Economy to Private Investment
China's foreign minister expressed willingness to resume exchanges and cooperation with Canada, indicating bilateral concerns can be handled effectively through proper channels. Separately, Beijing announced plans to open state-dominated sectors wider to private investment and reaffirmed support for the private economy, particularly in service sectors. In a notable shift on rare earth exports to the U.S., China plans to streamline approvals for most firms while excluding companies with U.S. military ties. However, the government is simultaneously tightening overseas borrowing restrictions for regional state-owned enterprises to control local debt risks. Economists recommend boosting fiscal policy effectiveness to support national strategies and public welfare.
Trump Dismisses 50-Year Mortgage Concerns Despite Expert Warnings
President Trump downplayed concerns about 50-year mortgages, calling them "not a big deal" while acknowledging they lower monthly payments but delay equity building. He attributed housing affordability challenges to Biden and the Federal Reserve. Financial experts and media outlets have cautioned against the extended loan terms, with critics questioning their long-term impact on homeownership.
China Signals Willingness to Cooperate with US on Supply Chain Stability
China's Commerce Ministry stated readiness to collaborate with the United States on maintaining stable global supply chains. The announcement follows discussions about arrangements after a one-year pause on US affiliate rules, with both sides committed to continued dialogue on supply chain cooperation.
White House Projects Economic Rebound to 3-4% Growth by Early 2026
White House National Economic Council Director Kevin Hassett forecasts U.S. GDP growth will accelerate to 3-4% by early next year, signaling administration confidence in economic recovery momentum.
US Airlines Cancel 1,200 Flights as Government Shutdown Disrupts Travel Ahead of Thanksgiving
Government-mandated flight cuts hit major hubs including Chicago, Atlanta, and New York on Tuesday, with 1,200 cancellations as the shutdown persists. Airlines face mounting operational challenges with Thanksgiving approaching, though stocks rose on hopes lawmakers will end the impasse.
China Balances Economic Opening with Strategic Controls on Rare Earths and State Debt
China is implementing a dual approach to economic policy, offering new investment opportunities to US companies while restricting rare earth exports to firms with military ties through a validated end-user system. The move particularly affects companies in automotive and aerospace sectors serving both civilian and defense markets. Separately, Beijing is tightening overseas borrowing rules for regional state-owned enterprises to manage local government debt risks, while pledging to maintain ample liquidity and direct private investment toward high-value services sectors.
UK Suspends Intelligence Sharing with United States
The United Kingdom has suspended some intelligence sharing arrangements with the United States, according to CNN reports, marking a significant development in the longstanding security partnership between the two nations.
US Military Explores $500M Base Near Gaza for 10,000 Personnel
The US military is considering construction of a temporary base near Gaza capable of housing 10,000 people, according to a Navy request for information. The potential $500 million facility would support a stabilization force to monitor a ceasefire between Israel and Hamas.
Trump Administration Declares Consumer Financial Protection Bureau Funding Illegal
The Trump Administration has declared the Consumer Financial Protection Bureau's funding mechanism illegal, according to Politico, marking a significant challenge to the agency's operational structure and authority.
Crypto Events
Bitcoin Stalls Near $107K While Ethereum Eyes $4K Breakthrough
Bitcoin faces resistance at $107K as bullish momentum weakens, with traders awaiting the next major move. Ethereum remains below $4K despite Bitcoin's recent rally. Strategy added $50M in Bitcoin purchases as crypto markets stabilize and hold steady.
Chinese Woman Receives 11-Year Sentence in UK's Largest Bitcoin Seizure Case
A London court sentenced a Chinese woman to over 11 years imprisonment for orchestrating a multibillion-dollar investment fraud scheme involving Bitcoin laundering. The case represents the UK's largest cryptocurrency seizure to date.
SoFi Becomes First Nationally Chartered Bank to Offer Crypto Trading
SoFi has relaunched cryptocurrency trading on its platform, becoming the first nationally chartered consumer bank in the U.S. to offer this service. Members can now buy, sell, and hold Bitcoin, Ethereum, and Solana directly through the app. The company had suspended crypto trading in 2023 while securing its bank charter and now operates under regulatory oversight.
Coinbase Abandons $2 Billion Acquisition of UK Stablecoin Platform BVNK
Coinbase has terminated its planned $2 billion acquisition of UK-based stablecoin startup BVNK after entering exclusive negotiations in October. The companies mutually agreed to end discussions and not proceed with the transaction.
China Accuses US of Orchestrating $13 Billion Bitcoin Theft
China's cybersecurity agency has accused the American government of stealing approximately $13 billion worth of Bitcoin, marking Beijing's latest effort to attribute major cyberattacks to Washington.
Healthcare Events
enGene Stock Surges 66% on Positive Bladder Cancer Drug Data
enGene shares jumped in pre-market trading after reporting detalimogene achieved a 62% complete response rate at six months in bladder cancer patients, marking improved efficacy for the experimental treatment.
FDA Appoints Oncology Expert Richard Pazdur as Top Drug Regulator Following Leadership Shake-Up
The FDA has named longtime cancer scientist Richard Pazdur as its lead drug regulator after recent leadership turmoil and the resignation of predecessor Tidmarsh.
Macro Events
UK Unemployment Rises to 5.0% as Labor Market Shows Signs of Cooling
Britain's unemployment rate climbed to 5.0% in September, exceeding the 4.9% forecast and marking an increase from August's 4.8%. Employment fell by 22,000 positions against expectations of a 5,000 gain, while payrolled employees dropped 32,000. Wage growth continued to moderate, with average weekly earnings rising 4.8% year-over-year, down from 5.0% previously and missing estimates. Earnings excluding bonuses matched forecasts at 4.6%, declining from 4.7%. Jobless claims increased by 29,000.
Brazil Inflation Cools Below Forecasts as UK Jobless Rate Climbs to 5%
Brazil's annual inflation slowed more than expected in October, rising just 0.09% month-over-month versus estimates of 0.15%, bringing the annual rate to 4.7%. The central bank expressed confidence that maintaining interest rates at 15%, a nearly two-decade high, will continue cooling prices as the economy slows. The data opens the door for potential rate cuts in early 2026. Meanwhile, UK unemployment hit 5%, exceeding forecasts and suggesting the labour market is cooling. The weaker jobs data increases the likelihood of a December rate cut by the Bank of England. In the US, markets are pricing in a 73% probability of a Federal Reserve rate cut in December, while gold and silver rallied on rate cut expectations.
U.S. and UK Labor Markets Show Signs of Weakening as Job Losses Mount
The U.S. labor market deteriorated sharply in October, with Goldman Sachs estimating a 50,000-job decline in nonfarm payrolls—the largest drop since 2020. ADP data confirms the weakness, showing the private sector shed an average of 11,250 jobs weekly during the month. Goldman's job-growth tracker slowed to 50,000 from 85,000 in September, with an additional 100,000 workers sidelined by a deferred-resignation program. Meanwhile, UK unemployment rose to 5 percent, exceeding forecasts and raising prospects for a December interest rate cut as that labor market also cools.
White House Economic Adviser Hassett Says Inflation Trajectory "Really Good"
NEC Director Kevin Hassett told CNBC that inflation is trending positively toward the Fed's target, citing recent CPI data coming in below expectations and positive momentum in price pressures.
Bank of France Forecasts Continued Economic Growth Despite Political Uncertainty
France's central bank projects economic expansion in the fourth quarter, following 0.5% growth in Q3, though political and budget uncertainty continues to pressure business sentiment.
Italy's FTSE MIB Surpasses 2007 Peak for First Time Since Financial Crisis
Italy's FTSE MIB index closed above 44,000, exceeding its 2007 high and reaching levels not seen since 2001. The milestone makes Italy the last major European market to recover losses from the global financial crisis, with banking stocks like UniCredit driving the rally amid strengthening investor confidence.
Dollar Strengthens Broadly as Traders Eye Fed Signals and Shutdown Deal Progress
The US dollar advanced across major pairs, with USD/CAD breaking above 1.4000 amid shutdown deal developments. The greenback held near 99.60 as markets awaited Federal Reserve guidance. USD/JPY approached key resistance at 155, while the Swiss franc led gains among major currencies and sterling lagged. NZD/USD traded around 0.5640 under pressure from rate cut expectations.
Government Shutdown Disrupts Economic Data Collection, Hassett Confirms
White House Senior Adviser Hassett reports that the government shutdown prevented completion of some economic surveys, leaving gaps in economic data for the affected period.
Oil And Gas Events
Natural Gas Surges 5% on Winter Demand While Oil Markets Show Mixed Signals
U.S. natural gas futures jumped nearly 5% to $4.55 per MMBtu as traders anticipated stronger heating demand amid a cold snap and record LNG exports exceeding 14 Bcf/day. Storage levels sit 12% below last year at 3,285 Bcf, tightening market conditions. Oil futures moved higher in early trading, with strength in refined fuel markets offsetting concerns about crude supply. Russia maintained steady oil shipments from sea ports in early November despite new U.S. sanctions on major oil companies. Energy sector ETFs led inflows as nine of eleven sectors recorded outflows. European gas demand increased in October while LNG imports remained robust.
TotalEnergies Leads New Guyana Offshore Exploration Partnership with QatarEnergy and Petronas
TotalEnergies secured operator status for a new shallow water exploration block offshore Guyana, partnering with QatarEnergy and Petronas in the South American nation's expanding oil sector.
Real Estate Events
Fannie Mae Watchdogs Investigate Pulte Over Democratic Officials' Mortgage Records
Fannie Mae's internal watchdogs examined whether FHFA Director Bill Pulte, a Trump appointee, improperly obtained mortgage records of Democratic officials including New York Attorney General Letitia James. The probe was escalated to the FHFA Inspector General and referred to federal authorities.
Apartment Landlord Centerspace Explores Sale After Receiving Takeover Interest
Centerspace, which owns approximately 13,000 apartment units across Minneapolis, Denver, and other markets, has hired advisers to explore a potential sale after receiving takeover interest. Shares rose on the news despite being down 9% year-to-date.
Earnings Events
CoreWeave Stock Drops Despite Revenue Beat on Weak Outlook
CoreWeave shares fell after earnings as the company's forward guidance disappointed investors, raising concerns about AI sector slowdown and elevated borrowing risks despite beating revenue expectations.
Sea Limited Beats Revenue Expectations Despite EPS Miss in Q3
Sea Limited reported Q3 revenue of $6.0B, exceeding the $5.69B estimate, driven by 38% year-over-year growth. However, earnings per share of $0.59 fell short of the $1.02 forecast, despite representing a 146% YoY increase. EBITDA surged 68% to $874M, while GMV climbed 28% to $32.2B. The company raised its FY25 Shopee GMV growth guidance to over 25% from 20% and reaffirmed Garena bookings growth above 30%.
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