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Hello Capitalists,
Here is everything you should be following today:
Bessent bullish on price drops starting in November
Sees ‘26 and ‘27 as “great years” as policies really kick in
Trump negotiates the US taking a stake in Quantum computing
AI rides to the rescue for the US economy
Coca Cola goes all natural after Trump and RFK Jr’s support
Defense companies shrug off Rare Earth metal concerns
Today’s markets + assets:
✅ DOW: 46677.58 (⬆️ 0.19%)
✅ S&P: 6731.79 (⬆️ 0.48%)
✅ NASDAQ: 22914.02 (⬆️ 0.76%)
⚠️🔴CBOE VIX Volatility Index: 17.44 (⬇️ 6.24%)
✅ Gold: $4,149.2 (⬆️ 2.07%)
✅ Silver: $48.715 (⬆️ 2.17%)
✅ Bitcoin: $110,225 (⬆️ 1.67%)
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Bessent: “Great years” for 2026 and 2027 as Trump tax policies kick in
U.S. Treasury Secretary Scott Bessent predicted Wednesday [ [link removed] ] that consumer prices will begin dropping next month, easing the affordability crisis after halting Biden-era inflation, with energy costs already down and robust 3.8% second-quarter GDP growth fueling recovery.
Bessent Forecasts Bright Horizon: Projects 2026 and 2027 as “great years” for American consumers, building on current economic stability and controlled spending.
Tax Cuts Boost Refunds: Bessent expects substantial first-quarter refunds and real income gains from January 1, as withholding adjusts for no taxes on tips, overtime, or Social Security, plus auto loan deductions.
Inflation Gauge Ticks Lower: Bessent anticipates CPI declining amid lagging housing price adjustments tied to interest rates, following steady October consumer sentiment at 55 [ [link removed] ] and one-year inflation expectations dipping to 4.6%.
Deficit Strategy Targets Growth: Bessent aims to slash the deficit-to-GDP ratio—the worst since war or recession—by capping spending and targeting at least 5% nominal GDP expansion.
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Trump negotiates with US Quantum computing firms about taking a stake after Rare Earth win
The Trump administration is negotiating equity stakes in U.S. quantum computing [ [link removed] ] firms like IonQ and Rigetti in exchange for $10 million federal grants, extending government interventions from rare earths and chips to counter China’s tech dominance.
Quantum Stakes Surge Stocks: Shares of D-Wave Quantum leaped 16% Thursday, with IonQ up 6% and Rigetti gaining 8%, signaling investor excitement over potential Commerce Department funding and ownership in cutting-edge firms.
Rare Earths Echo Precedent: Defense Department’s $400 million investment in MP Materials secured a 15% U.S. stake in July, directly responding to China’s export curbs on vital minerals for high-tech supply chains.
Semiconductor Ownership Model: August’s 10% government stake in Intel bolstered domestic AI chip production, marking Washington’s bold shift to claim equity in strategic tech successes fueled by public dollars.
Strategic China Counterplay: Limited to national security sectors, these moves aim to harness quantum’s revolutionary potential in defense and cybersecurity while avoiding overreach, per Treasury Secretary Scott Bessent’s endorsement.
AI rides to the rescue of the economy, despite Powell’s high rates
Artificial intelligence is powering an unexpected U.S. economic surge [ [link removed] ], staving off recession despite high interest rates and slowing job growth, as productivity explodes and corporate profits climb, economists say.
Productivity Surge Unprecedented: AI-driven efficiency boosted U.S. worker output by 3.5% annually, the highest in two decades, outpacing pre-pandemic levels.
Corporate Profits Soar: Tech giants like Nvidia and Microsoft report record earnings from AI investments, fueling broader market gains.
Labor Market Resilient: Job additions slowed to 142,000 monthly, yet unemployment holds steady at 4.1%, defying downturn fears.
Fed Policy Shift Looms: The central bank eyes multiple rate cuts in the remainder of 2025 as AI’s “soft landing” eases inflation fears without mass layoffs.
Oil prices up 5% as Trump and the EU crack down on Russian Oil companies
Oil prices rocketed more than 5% to near $66 a barrel Wednesday after the U.S. blacklisted Russia’s top producers [ [link removed] ] Rosneft and Lukoil, escalating pressure on Moscow amid attacks on its energy infrastructure and threatening global supplies despite ample stockpiles.
Sanctions Escalate Geopolitical Pressure: U.S. has moved to target Russia’s largest oil firms in an unprecedented move, joined by EU’s full transaction ban on Rosneft and Gazpromneft, heightening risks of production disruptions.
India Faces Import Crisis: India, is a key buyer reliant on Russian crude for over a third of its needs with refinery executives warn deals will become nearly impossible, forcing massive trade rearrangements.
China Braces for Shockwaves: China, a potential absorber of redirected barrels—already importing up to 20% from Russia— would mean Beijing’s oil industry could see volatile shifts if India pulls back sharply.
Market Rally Masks Surplus: This is the biggest jump since June’s Israel-Iran flare-up reversing weak forward prices, but the IEA forecasts a supply glut of 4 million barrels daily next year may temper long-term spikes.
America’s Soda just got a whole lot sweeter because of Trump and RFK Jr.
Coca-Cola launches a cane sugar-sweetened version [ [link removed] ] of its iconic soda in select U.S. markets this fall, bowing to President Trump’s July demand for an American twist on the beloved Mexican Coke amid health crusades against high-fructose corn syrup.
Trump Sparks Soda Revolution: President’s public July tweet claiming Coca-Cola “agreed” to add real cane sugar ignited the project’s acceleration, blending political pressure with viral consumer buzz.
Supply Hurdles Delay Nationwide Rollout: Limited U.S. cane sugar availability and glass bottling constraints force a staggered launch, as CFO John Murphy warns of measured expansion to avoid shortages.
Health Hype Meets Expert Skepticism: RFK Jr.’s MAHA campaign blasts corn syrup as “poison” fueling obesity, but dietitians counter that cane sugar offers no real nutritional edge over its high-fructose rival.
Mexican Coke Legacy Inspires Copycat: Cult-favorite import’s “cleaner” taste, proven superior in blind tests, drives demand, prompting chains like Steak ‘n Shake to adopt the sweeter formula nationwide.
Lockheed and Northrop shrug off rare earth metal fears in earnings calls
In a escalating US-China trade clash, Beijing’s fresh export curbs on rare earth minerals—vital for F-35 jets and Tomahawk missiles—threaten a national security crisis within weeks, experts warn, however Lockheed Martin and Northrop Grumman executives shrugged off the peril during earnings calls [ [link removed] ].
China Dominates Rare Earths: Beijing controls 70% of mining, 90% of processing, and 93% of magnet production, fueling fears of weapon system halts amid tightened defense export bans this month.
Contractors Stockpile Supplies: Lockheed Martin and Northrop Grumman leaders tout preemptive stockpiling and supply chain audits, boosting confidence in production ramps despite vulnerabilities.
Experts Clash on Urgency: Benchmark’s Neha Mukherjee predicts a “days if not weeks” security meltdown, while Morningstar’s Nicolas Owens calls the threat overhyped due to years of strategic hoarding.
US Builds Domestic Chain: Recent Pentagon-backed efforts aim to slash reliance on China, aligning with broader strategies to safeguard defense tech amid geopolitical strains.
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