Dominion Is A Gamechanger

🧠 🧠 Dominion Energy serves the largest data center market in the world in northern Virginia and is discussing small modular reactors with other large data center customers

Read More: bit.ly/DominionEnergy-Gamechanger

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BofA Still Bullish On Stocks

🇺🇸 🇺🇸 BofA: US mutual funds’ cash holdings have fallen to the lowest level in Bank of America Corp.’s records going back to 2015, suggesting increasingly bullish equity sentiment

Read Report: bit.ly/MutualFunds-CashHoldings

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Nvidia Joins The Dow

🧠 🧠 BREAKING: Nvidia to join Dow Jones Industrial Average, replacing Intel

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Update: Dow closes nearly 300 points higher to begin November as investors shake off weak jobs report

Megacap tech stocks are still “the tail wagging the dog,” said Rob Williams, chief investment strategist at Sage Advisory. “You’re seeing some broadening, but it’s still such a massive component right now.”

Meanwhile, the jobs report released Friday showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. The unemployment rate held at 4.1%, in line with estimates

Bitcoin falls below $70,000 to start November

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Trump Will Win

🇺🇸 🇺🇸 Donald Trump remains the favorite to win the election, but his odds have dropped to 57%

Read More: bit.ly/Trump-Victory-Expected

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Markets Price A Trump Victory

🇺🇸 🇺🇸 The recent outperformance in financial stocks, and a spike in bond yields, suggest markets are anticipating both expansive tax cuts and greater deficit spending — patterns that point to a Trump victory

Read More: bit.ly/TrumpVictoryMarkets

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Apple Invests In Satellite Services

🧠 🛰️ Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services

Read More: bit.ly/Apple-Globalstar

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Goldman Turns Bullish On Enterprise AI

🧠 🧠 Goldman Sachs has turned bullish on an enterprise AI company

Read More: bit.ly/GoldmanEnterpriseAI

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Goldman: BOE Rate Cut

🇬🇧 🇬🇧 Goldman Sachs expect a 25bp rate cut from Bank of England next week, November 7

Read More: bit.ly/BOE-Rate-Cut

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UK Budget: Bosses Are Cautious

🇬🇧 🇬🇧 Chancellor of the Exchequer Rachel Reeves’ first budget has been greeted with cautious optimism by Britain’s business leaders, though higher taxes on wages held them back from a full-throated endorsement

Read More: bit.ly/UKBudgetCaution
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