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Invesco QQQ Trust Series 1

Dog (Bitcoin) is a fully decentralized memecoin on the Bitcoin blockchain, backed by a community dedicated to onboarding millions of people to Bitcoin.  Dog is secured by the Bitcoin blockchain and exists on Bitcoin L1, marking a significant innovation compared to Bitcoin with just BTC. Dog is a Bitcoin Runes token with a minimal on-chain footprint, native to Bitcoin, and stored in UTXOs, just like Bitcoin.   What is the project about?  Dog does not do any paid promotion and is fully decentralized just like Bitcoin. Every influencer who chooses to post about Dog either received the airdrop or bought on secondary. Dog leverages the CC0 license to ensure that Dog is not owned by any single entity but rather by everyone. This had lead to the "DOG Army" independently creating art, apps, lotteries, plushies, websites, podcast, magazines, X account, IRL meetups, clothing lines, PFP collections, Telegram groups, and TikTok/Instagram about Dog.  What makes your project unique?  Dog was airdropped in the fairest memecoin launch ever. In early 2024, the Bitcoin Ordinals ecosystem came together in a full volunteer initiative that rewarded early adopters of the Ordinals Protocol. There was no team allocation, and 100% of the supply was airdropped for free. The airdrop algorithm favored neither whales nor influencers; it was determined by the community and made open-source for maximum transparency.

Dog (Bitcoin)

$DOG is trending as the community rallies around its position as a Bitcoin-native meme coin within the burgeoning Rune ecosystem. Discussions highlight the strong community, fair distribution, and the potential for $DOG to bridge Bitcoin culture with broader markets through its association with $CBLO. The community emphasizes holding through market volatility.

Zcash is a privacy-focused cryptocurrency that uses trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security. It was the first cryptocurrency to implement zero-knowledge encryption for private peer-to-peer payments, addressing the fundamental privacy gap in traditional cryptocurrencies that expose transaction details publicly.   With a fixed supply of 21 million ZEC and a halving schedule similar to Bitcoin, Zcash allows users to prove transactions are valid without revealing sensitive information like wallet balances, transaction amounts, or participant identities, making it suitable for everyday payments, long-term savings, and cross-border money transfers where financial confidentiality matters.  The protocol operates on its own blockchain currently using Proof-of-Work consensus, though it's evolving toward Proof-of-Stake through the planned "Crosslink" upgrade to enhance security, scalability, and energy efficiency. Zcash employs trustless zero-knowledge proofs (Halo) within its Orchard shielded pool to verify transactions without revealing sender, receiver, or amount information.   Users can choose between transparent public transactions and shielded private transactions through Unified Addresses, which work with both types. The network is faster and cheaper than Bitcoin, with new blocks mined every 75 seconds and transaction fees typically just a fraction of a cent. Privacy adoption has surged in 2025, with over 30% of total ZEC supply now held in fully shielded pools.  Zcash was created by a group of scientists in 2013 who initially proposed Zerocoin as a privacy extension to Bitcoin before building a standalone protocol. The ecosystem operates with a self-funded development model where block rewards support independent teams through the Zcash Community Grants Committee and a new Coinholder-Controlled Fund.

Zcash

Zcash is trending as community members discuss recent price surges and potential links to increased privacy focus in crypto, with some speculating about institutional involvement and comparisons to Bitcoin. Conversations mention the Winklevoss twins' investment and the token's potential for further growth, while others express caution about volatility and potential pullbacks. Traders are actively discussing possible price targets and entry/exit points amid the heightened interest in privacy-focused cryptocurrencies.

Quantum Computing, Inc. engages in developing novel algorithms and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. It leverages its expertise in finance, computing, security, mathematics, and physics to develop commercial applications for the financial, security, and government sectors. The company was founded on July 25, 2001 and is headquartered in Hoboken, NJ.

Quantum Computing Inc

QUBT is trending as investors discuss the company's recent earnings report, which revealed a significant revenue increase but also ongoing losses and dilution; community sentiment is divided, with some bullish on the company's technology and expansion plans, while others express concerns about valuation and profitability compared to competitors in the quantum computing sector.

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East, and Africa (EMEA), Greater China, Asia Pacific and Latin America (APLA), Global Brand Divisions, Converse, and Corporate. The North America, EMEA, Greater China, and APLA segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions segment represents its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment is composed of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip Hampson Knight on January 25, 1964 and is headquartered in Beaverton, OR.

Nike, Inc. - Ordinary Shares - Class B

Nike Inc

Nike is trending as the community discusses potential catalysts including a Wells Fargo upgrade, the possibility of Trump-era tariffs being overturned by the Supreme Court, and a potential boost from a collaboration with SKIMS. Some traders are pointing to technical indicators suggesting a potential breakout, while others express concerns about the company's performance and valuation. Speculation around an upcoming earnings report is also contributing to the heightened interest.

Tenax Therapeutics, Inc. is a pharmaceutical company engaged in the development and commercialization of products for cardiovascular and pulmonary diseases. The company was founded on May 26, 1967 and is headquartered in Chapel Hill, NC.

Tenax Therapeutics Inc

TENX is trending as investors discuss its strong cash position, low share float, and Phase 3 trials targeting a significant patient population. The community is highlighting the potential for a squeeze, drawing comparisons to other stocks with similar ownership structures and catalysts. Some are noting potential institutional interest.

RAGE GUY (RAGE) is a cryptocurrency inspired by the Rage Guy meme, one of the earliest and most recognizable characters from internet rage comics. The project captures the cultural legacy of early meme history and brings it onto the blockchain in tokenized form. It is designed as a community-driven digital asset that celebrates internet culture, nostalgia, and the role memes play in shaping online communities.

Rage Guy

$RAGE is trending as its community rallies around the idea of bringing back OG meme culture to the blockchain. The focus is on community belief, hard work, and a return to the values of early internet memes. Active community members are emphasizing the cultural significance and potential of $RAGE.

Costco Wholesale Corp. engages in the provision of operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Costco Wholesale Corp

Costco is trending as investors weigh recent sales data and analyst ratings, with the community debating its short-term direction. Some traders are eyeing potential wedge setups and range-bound trading opportunities, while others are focused on the company's robust membership model and long-term growth prospects. Discussions also include the potential impact of economic factors and upcoming sales reports.

Cidara Therapeutics, Inc. engages in developing targeted immunotherapies designed to save lives and improve the standard of care for patients facing serious diseases. Its platform, Cloudbreak, enables development of novel drug-Fc conjugates (DFCs) that inhibit specific disease targets while simultaneously engaging the immune system. The company was founded by Kevin M. Forrest, Kevin J. Judice, and H. Shaw Warren in December 2012 and is headquartered in San Diego, CA.

Cidara Therapeutics Inc

Cidara Therapeutics is trending due to positive developments surrounding its influenza candidate CD388, including potential for accelerated FDA approval and breakthrough therapy designation. Community discussions revolve around the expanded Phase 3 trial, increased institutional interest, and speculation about a potential buyout. Some investors are drawing parallels to other biotech companies that experienced significant gains after similar news.

T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

T-Mobile US Inc

TMUS is trending as the community discusses its recent price action in relation to technical indicators and analyst ratings, with some seeing a potential buying opportunity. Discussions also involve potential partnerships and competition within the telecom sector, especially with the launch of new services. Upcoming earnings are a key focus for many traders.

Energy Transfer LP engages in natural gas pipeline transportation and transmission services. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. The Intrastate Transportation and Storage segment owns and operates natural gas transportation pipelines. The Interstate Transportation and Storage segment includes transportation pipelines, storage facilities, and gathering systems and delivery of natural gas to industrial end-users and other pipelines. The Midstream segment consists of natural gas gathering, compression, treating, processing, storage, and transportation. The NGL and Refined Products Transportation segment engages in the operations transport, store and execute acquisition, and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGL markets. The Crude Oil Transportation and Services segment provides transportation, terminalling, acquisition, and marketing services to crude oil markets. The Investment in Sunoco LP segment refers to the distribution of motor fuels to independent dealers, distributors, and other commercial customers and the distribution of motor fuels to end-user customers at retail sites. The Investment in USAC segment offers compression services to its customers in connection with infrastructure applications including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. The company was founded by Kelcy L. Warren in 1996 and is headquartered in Dallas, TX.

Energy Transfer LP - Unit

Energy Transfer LP Unit

Energy Transfer is trending as investors discuss its potential to benefit from increased energy demand from data centers and AI, despite a recent period of sideways trading. The community highlights the stock's high dividend yield and strategic positioning in natural gas infrastructure, with some anticipating a breakout due to insider buying and positive analyst ratings. Discussions also include potential for increased natural gas demand as winter approaches.

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ITC Ltd.

Adani Enterprises Ltd

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<ul class="summary-bullets"><li>The employee deferral limit for 401(k), 403(b), governmental 457 plans, and the federal Thrift Savings Plan has been increased to $24,500 for 2026.</li><li>The IRS also noted that the limit for those aged 50 and above will be $32,500 per year from 2026.</li><li>Similarly, the IRS also announced an increase in Roth IRA contribution limits for 2026 to $7,500, up from $7,500 in 2025.</li></ul>The Internal Revenue Service (IRS) on Thursday announced an increase in the 401(k) contribution limits for 2026.The agency stated that the employee deferral limit for 2026 is $24,500, up from $23,500 in 2025. Apart from 401(k)s, the new limit also applies to 403(b)s, governmental 457 plans, as well as the federal Thrift Savings Plan.The IRS also noted that the limit for those aged 50 and above will be $32,500 per year from 2026.<h2 class="st-heading-2">Catch-Up Contribution Limits</h2>The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan has been increased to $8,000, up from $7,500 for 2025.The agency also noted that under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62, and 63 who participate in these plans.For 2026, this higher catch-up contribution limit remains $11,250 instead of the $8,000 noted above.<h2 class="st-heading-2">Roth IRA Contribution Limits</h2>Similarly, the IRS also announced an increase in Roth IRA contribution limits for 2026 to $7,500, up from $7,500 in 2025.The Roth IRA catch-up contribution limit for investors age 50 and older has been increased to $1,100, from $1,000 in 2025.&nbsp;Meanwhile, U.S. equities declined in Thursday’s midday trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down by 1.08%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) declined 1.49%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) fell 0.85%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bullish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down by 0.11%.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ondas-stock-soars-after-q3-beat-revenue-forecast-2025-raised/cLP95xeRE3o">Ondas Stock Soars Pre-Market After Q3 Beat, Company Raises Revenue Forecast For 2025</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, the Internal Revenue Service (IRS) logo is seen displayed on a smartphone screen and the United States flag in the background

401(k) Contribution Limit For 2026: IRS Increases Savings Cap For Next Year

The agency announced that the employee deferral limit for 2026 is $24,500, an increase from $23,500 in 2025.

Equity

<ul class="summary-bullets"><li>El-Erian said that focusing on inflation makes for a “compelling battle cry” for politicians.</li><li>He explained that income anxiety is also driven by the impact of artificial intelligence on the workforce, as well as the increase in layoffs.</li><li>The economist added that the income side of the affordability equation must also be addressed, alongside inflation.</li></ul>Mohamed El-Erian, Chief Economic Advisor at Allianz, on Wednesday reportedly said that while the focus on the affordability squeeze because of inflation is “understandable,” it ignores a critical component of the phenomenon.In an opinion&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/88b0f1d4-60c6-47ca-81cc-c46122e2c668">piece</a> for The Financial Times, El-Erian stated that the recent U.S. elections brought to the fore the anxiety among Americans about inflation, highlighting that affordability is one of the primary concerns. However, he added that focusing only on inflation is not sufficient.“The focus on prices is understandable. The inflationary surge of 2021-22 was a major shock that made the cost of staples, such as groceries and utilities, a source of pain,” he said.<h2 class="st-heading-2">Compelling Battle Cry</h2>El-Erian added that focusing on inflation makes for a “compelling battle cry” for politicians.&nbsp;However, many voters were frustrated&nbsp;that there was a disconnect between news of inflation coming down and the fact that it was the rate of inflation that had slowed, not the prices of goods and services.“It is income that is now under greater pressure, exposing the fragile financial foundation of too many households,” the economist added.Last week, Federal Reserve Bank of Chicago President Austan Goolsbee expressed concerns about core services inflation edging up, stating that this is a more persistent form of inflation. Service prices, excluding energy services, rose 3.5% for the year through September, according to the Consumer Price Index (CPI) report from the Bureau of Labor Statistics.Overall, the annual inflation rate&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-consumer-inflation-september-cpi-report/cLGJnYpR3sC">stood at 3%</a> in September.<h2 class="st-heading-2">Income Anxiety</h2>El-Erian explained that income anxiety is also driven by the impact of artificial intelligence on the workforce, as well as the increase in layoffs.&nbsp;According to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.challengergray.com/blog/october-challenger-report-153074-job-cuts-on-cost-cutting-ai/">data</a> from Challenger, Gray &amp; Christmas, U.S.-based employers trimmed more than 153,000 jobs in October on account of artificial intelligence and cost-cutting.El-Erian added that the income side of the affordability equation will also need to be addressed, alongside inflation. “Until this happens, affordability will be even more of a central issue. Failure to tackle it would risk economic instability, social fracture and political polarisation while constraining AI’s potential to lift productivity and growth,” he said.Meanwhile, U.S. equities gained in Wednesday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.35%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.62%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.23%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gary-black-tsla-stock-next-major-catalyst/cLPIHa1RE5A">Gary Black Says This Is The Next Major Catalyst For TSLA Stock</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Mohamed El-Erian, Chief Economic Adviser of Allianz, during an interaction

El-Erian Reportedly Says Affordability Debate Ignores A Key Factor – Rising Income Anxiety

The economist stated that the recent elections in the U.S. brought to the fore the anxiety among Americans about inflation.

<ul class="summary-bullets"><li>Miran added that if the Fed were to determine its monetary policy stance based on currently available data, it would be backward-looking.</li><li>He stated that it would take 12 to 18 months for their impact on the economy to be visible.</li><li>Data from the CME FedWatch tool points to a 62.9% probability of a 25-bps rate cut in December.</li></ul>Federal Reserve Governor Stephen Miran on Monday reportedly advocated for a minimum of a 25-basis-point rate cut in December.During an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2025/11/10/miran-says-half-point-cut-appropriate-for-december-but-fed-should-at-least-reduce-by-a-quarter-point.html">interview</a> with CNBC, Miran also reiterated that the central bank’s rate cuts should be larger than the 25 bps reductions.<blockquote>“Nothing is certain. We could get data that would make me change my mind between now and then. But failing new information that’s made me update my forecasts, looking out in time, yeah, I would think that 50 is appropriate, as I have in the past, but at a minimum 25.”— Stephen Miran, Governor, Federal Reserve</blockquote>During the previous two meetings of the Federal Open Market Committee (FOMC), Miran has voted in favor of 50 bps rate cuts.<h2 class="st-heading-2">Looking Ahead</h2>Miran added that if the Fed were to determine its monetary policy stance based on currently available data, it would be “backward looking,” stating that it would take 12 to 18 months for its impact on the economy to be visible.“So you need to make policy now based on where you think the economy is going to be a year to a year and a half from now,” he added in the interview.Data from the CME FedWatch&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> points to a 62.9% probability of a 25-basis-point rate cut in December.<h2 class="st-heading-2">Not Everyone Agrees</h2>While Miran has advocated for bigger cuts and still wants a reduction in December, not everyone agrees. Federal Reserve Vice Chair Philip Jefferson said on Friday that the central bank should now “proceed slowly” as it approaches the neutral rate, following the 25-basis-point cut in October.Speaking at an event in Frankfurt, Jefferson stated that after the 25 basis point rate cuts in September and October, interest rates are now closer to a neutral level than they were before.Meanwhile, U.S. equities gained in Monday’s midday trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up by 1.3%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 1.94%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.54%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.12% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/abacus-global-jay-jackson-billion-aum/cLPcnUdRE2i">Exclusive: Abacus Global CEO Jay Jackson Eyes Billions In AUM, Explains How The Company Plans To Bridge The Valuation Disconnect</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

White House Council of Economic Advisers Chairman Stephen Miran walks towards the West Wing of the White House after conducting television interviews on the North Lawn on August 12, 2025 in Washington, DC. 

Fed’s Miran Calls For A ‘Minimum’ Of 25 Bps Rate Cut In December: Report

Miran had voted in favor of 50 basis point rate cuts during the previous two meetings of the Federal Open Market Committee.

<ul class="summary-bullets"><li>The president’s comments come a day after U.S. Treasury Secretary Scott Bessent stated that the $2,000 payment could be in the form of various deductions.</li><li>This comes days after the hearing of the Trump administration’s tariff policy in the Supreme Court, drawing skepticism from judges on the legality of the levies.</li><li>President Trump’s plans to pare the national debt come at a time when the federal tally has ballooned to over $38 trillion.</li></ul>President Donald Trump on Monday stated in a post on Truth Social that funds left after making “tariff dividend” payments will be used to pare the national debt.“All money left over from the $2000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN NATIONAL DEBT,” President Trump said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/115526165519672797">post</a> on Truth Social.<figure class="image"><img style="aspect-ratio:715/302;" src="https://news.stocktwits-cdn.com/Trump_post_1_jpg_d0c75fb2f5.webp" alt="President Donald Trump's post on Truth Social" width="715" height="302"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure><h2 class="st-heading-2">Tariffs Legality In Question</h2>In a previous&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/115519726463094783">post</a> on Sunday, President Trump called out those opposing his tariff policy, adding that there is “record” investment in the U.S. He also stated that everyone except high earners will receive a “dividend” of at least $2,000.<figure class="image"><img style="aspect-ratio:718/352;" src="https://news.stocktwits-cdn.com/Trump_post_2_jpg_f82489ce5d.webp" alt="President Donald Trump's post on Truth Social" width="718" height="352"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure>This comes days after the&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-tariffs-case-supreme-court/cL2q8jQREG6">hearing</a> of the Trump administration’s tariff policy in the Supreme Court. Chief Justice John Roberts and Justice Amy Coney Barrett pressed the Trump administration on a range of issues during the hearing last week. This included questioning whether the International Emergency Economic Powers Act (IEEPA) authorized President Donald Trump to impose emergency tariffs.<h2 class="st-heading-2">Tax Deductions</h2>The president’s comments come a day after U.S. Treasury Secretary Scott Bessent stated in an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://abcnews.go.com/Politics/week-transcript-11-09-25-treasury-secretary-scott/story?id=127340500">interview</a> with ABC News that the $2,000 payment could come in the form of various deductions being provided by the Trump administration, including no tax on tips, overtime, and social security.“So, you know, those are substantial deductions that, you know, are being financed in the tax bill,” said Bessent.<h2 class="st-heading-2">Ballooning Debt</h2>President Trump’s plans to use leftover tariff income to repay the national debt come at a time when the current outstanding tally has crossed the $38 trillion level, according to data from the U.S. Treasury.Last week, World Economic Forum chief Borge Brende&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/world-economic-forum-chief-warns-of-a-bubble-in-ai-crypto-debt/cL2qZNZREGr">stated</a> that governments have not been as indebted as they are now since 1945, at the end of the Second World War.Meanwhile, U.S. equities gained in Monday morning’s trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up by 0.91%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 1.49%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.2%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.14% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/abacus-global-jay-jackson-billion-aum/cLPcnUdRE2i">Exclusive: Abacus Global CEO Jay Jackson Eyes Billions In AUM, Explains How The Company Plans To Bridge The Valuation Disconnect</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump announces a deal with Pfizer to lower Medicaid drug prices in the Oval Office of the White House on September 30, 2025.  (Photo by Win McNamee/Getty Images)

Trump Says Funds Left After $2,000 Tariff ‘Dividend’ Payments Will Be Used To ‘Substantially Pay Down National Debt’

In a previous post on Sunday, President Trump criticized those opposing his tariff policy, noting that there is “record” investment in the U.S.

<ul class="summary-bullets"><li>Consumer sentiment for November is now the second-lowest in history, according to data from the University of Michigan.</li><li>Other measures, like the current conditions and consumer expectations indexes, also registered a decline during the month.</li><li>However, the sentiment among consumers with the largest stock holdings showed an improvement, according to the survey.</li></ul>U.S. consumer sentiment inched close to the lowest level ever amid growing concerns about the impact of the ongoing government shutdown on the country’s economy.The monthly Index of Consumer Sentiment released by the University of Michigan on Friday showed a reading of 50.3 in November, the lowest since June 2022. Notably, the Consumer Price Index (CPI) increased 9.1% for the 12 months ended June 2022, which was the largest rise in 40 years, according to data from the Bureau of Labor Statistics (BLS).<h2 class="st-heading-2">Second Lowest In History</h2>The consumer sentiment for November is now the second-lowest in history, according to data from the University of Michigan. According to a Dow Jones estimate&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.marketwatch.com/economy-politics/calendar">compiled</a> by MarketWatch, consumer sentiment was expected to be at 53 during the month.“With the federal government shutdown dragging on for over a month, consumers are now expressing worries about potential negative consequences for the economy,” said survey Director Joanne Hsu.The U.S. government shutdown is now in its 38th day.<h2 class="st-heading-2">Other Measures Also Decline</h2>Other measures in the survey also showed a decline in November. The current conditions index fell to 52.3, down 11% from October, while the consumer expectations reading declined to 49, down 2.6%.From the year-ago period, both the readings are down 18% and 36%, respectively.“This month’s decline in sentiment was widespread throughout the population, seen across age, income, and political affiliation,” Hsu added.However, the sentiment among consumers with the largest stock holdings showed an improvement of 11%, according to the survey.Meanwhile, U.S. equities declined in Friday morning’s trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down by 1.13%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 1.82%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 0.71%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘extremely bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was up 0.19% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/donald-trump-snap-benefits-november-court-order-halt/cL2wGwcRET6">Trump Administration Seeks Immediate Halt To Court Order Requiring It To Pay Full SNAP Benefits In November: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Consumers shop at a supermarket in Nanjing, Jiangsu province

US Consumer Sentiment Hits Lowest Level Since 2022 Amid Growing Concerns About Shutdown's Impact On Economy

Consumer sentiment for November is now the second-lowest in history, according to data from the University of Michigan.

<ul class="summary-bullets"><li>Krugman criticized the Trump administration’s tariff policy for hurting 90 years of efforts that went into U.S. trade liberalization and violating international agreements.</li><li>He also called out President Trump for invoking the International Emergency Economic Powers Act to impose tariffs on countries all over the world.</li><li>However, Krugman said that even if the Supreme Court rules against the Trump administration’s tariff policy, it would create “enormous uncertainty.”</li></ul>Economist Paul Krugman on Friday stated that the Supreme Court hearing in President Donald Trump’s tariffs case was a disaster for his administration. Krugman criticized the Trump administration’s tariff policy for hurting 90 years of efforts that went into U.S. trade liberalization and violating international agreements.<blockquote>“Trump’s signature economic policy may soon melt down into a puddle of incompetence and humiliation.”— Paul Krugman, economist</blockquote>The 2008 Nobel Prize for Economics winner said that if this were to happen, he would celebrate the end of an “extraordinarily bad policy” as well as the Supreme Court showing willingness to put a check on President Trump’s “authoritarian behavior.”<h2 class="st-heading-2">Executive Fiat</h2>Krugman also criticized President Trump for invoking the International Emergency Economic Powers Act (IEEPA) to impose tariffs on countries worldwide, many of which are close U.S. allies.“It was clearly not intended to bestow upon the president the right to do whatever he wants,” he said.The Trump administration declared a national emergency while announcing the “Liberation Day” tariffs on April 2, citing the “large and persistent” trade deficit.Krugman said that despite the Trump administration’s reasoning for declaring the emergency, the U.S. Court of International Trade did not find it to be a reasonable argument.<h2 class="st-heading-2">The Path Forward</h2>Krugman, however, noted that even if the Supreme Court&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-tariffs-case-supreme-court/cL2q8jQREG6">rules against</a> the Trump administration’s tariff policy, it would create “enormous uncertainty.”“For Trump won’t give up. Instead, he has already promised that he will try to reimpose the tariffs by using — or, actually, abusing — different legal avenues,” he added, explaining why the fight against tariffs might not end.Krugman argued that tariffs are bad for everyone – Americans as well as the rest of the world.Meanwhile, U.S. equities declined in Friday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down by 0.87%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 1.22%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 0.52%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘extremely bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was up 0.02% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/alex-karp-most-important-thing-palantir-does-prevent-wars/cL2vDYRRETo">Alex Karp Says Palantir’s Most Important Mission Is To 'Prevent Wars': Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Nobel Memorial Prize in Economic Sciences winner Dr. Paul Krugman attends Conference On Talking About Freedom

Paul Krugman Says Trump’s Tariff Policy Could ‘Melt Down Into A Puddle Of Incompetence And Humiliation’

Krugman criticized the Trump administration’s tariff policy for hurting 90 years of efforts that went into U.S. trade liberalization and violating international agreements.

<ul class="summary-bullets"><li>Jefferson said that after the 25 bps rate cuts in September and October, interest rates are now closer to a neutral level than they were before.</li><li>He explained that he supported the October rate cut because the risk of a further slowdown in the labor market had increased.</li><li>The Fed Vice Chair explained that his stance going forward would depend on the incoming data, the evolving outlook, and the balance of risks.</li></ul>Federal Reserve Vice Chair Philip Jefferson on Friday said that the central bank should now “proceed slowly” as it approaches the neutral rate, following the 25 basis point cut in October.Speaking at an event in Frankfurt, Jefferson stated that after the 25 bps rate cuts in&nbsp;<a href="https://stocktwits.com/news-articles/default/equity/fed-cuts-rates-by-25-basis-points-september-fomc-meeting/chDGxvqRd6u">September</a> and&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-cuts-rates-by-25-basis-points-october-fomc-meeting/cLGZvdHR3DR">October</a>, the interest rates are now closer to a neutral level than they were before.<blockquote>“The current policy stance is still somewhat restrictive, but we have moved it closer to its neutral level that neither restricts nor stimulates the economy. Given this, it makes sense to proceed slowly as we approach the neutral rate.”— Philip Jefferson, Vice Chair, Federal Reserve</blockquote>He added that he supported the October rate cut because the risk of a further slowdown in the labor market had increased. “That step was appropriate because I see the balance of risks as having shifted in recent months as downside risks to employment have increased,” Jefferson said.<h2 class="st-heading-2">Path Forward</h2>Jefferson did not specify if he would back another interest rate cut when the Federal Open Market Committee (FOMC) meets in December.He added that he takes a meeting-by-meeting approach. “This approach is especially prudent because it is unclear how much official data we will have before our December meeting,” Jefferson said.The Fed Vice Chair explained that his stance going forward would depend on the incoming data, the evolving outlook, and the balance of risks.<h2 class="st-heading-2">Impact Of AI</h2>Jefferson also dived into the impact of artificial intelligence on the labor market. He explained that while there could be some job losses, the AI-fueled increase in productivity could reflect in economic growth, which could result in the creation of new employment opportunities.He added that better productivity could also reduce inflationary pressures by lowering production costs and putting downward pressure on prices.Meanwhile, U.S. equities declined in Friday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down by 0.45%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.67%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 0.32%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘extremely bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.08% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/alex-karp-most-important-thing-palantir-does-prevent-wars/cL2vDYRRETo">Alex Karp Says Palantir’s Most Important Mission Is To 'Prevent Wars': Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Federal Reserve Vice Chair Philip Jefferson at an event in Washington DC

Fed's Jefferson Says Central Bank Should 'Proceed Slowly' As It Approaches The Neutral Rate

Jefferson said that after the 25 bps rate cuts in September and October, interest rates are now closer to a neutral level than they were before.

<ul class="summary-bullets"><li>During an interview with CNBC, Goolsbee expressed concerns that policymakers will not have enough visibility about prices during the shutdown.</li><li>He added he leans more to the side of being “a little careful” and slowing down when the visibility is “foggy,” referring to the lack of inflation data.</li><li>The Chicago Fed President added that he is worried about core services inflation edging up, stating that this is a more persistent form of inflation.</li></ul>Federal Reserve Bank of Chicago President Austan Goolsbee reportedly said on Thursday that the lack of inflation data due to the ongoing U.S. government shutdown makes him “even more uneasy” about cutting rates.During an interview with CNBC, Goolsbee expressed concerns that policymakers will lack sufficient visibility into prices during the shutdown. He added that there are fewer private sector sources of inflation data than there are for the labor market.<blockquote>“If there are problems developing on the inflation side, it’s going to be a fair amount of time before we see that. That makes me even more uneasy.”— Austan Goolsbee, President, Federal Reserve Bank of Chicago</blockquote>Goolsbee added he leans more to the side of being “a little careful” and slowing down when the visibility is “foggy,” referring to the lack of inflation data.<h2 class="st-heading-2">What’s Worrying Goolsbee?</h2>The Chicago Fed President added that he is worried about core services inflation edging up, stating that this is a more persistent form of inflation. Service prices, excluding energy services, rose 3.5% for the year through September, according to the Consumer Price Index (CPI) report from the Bureau of Labor Statistics.Overall, the annual inflation rate&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-consumer-inflation-september-cpi-report/cLGJnYpR3sC">stood at 3%</a> in September.<h2 class="st-heading-2">Labor Market</h2>According to a report published on Wednesday by payroll processing firm ADP, U.S. companies added 42,000 jobs in October, registering the first month of gains since July, when more than 104,000 jobs were added.Meanwhile, U.S. equities declined in Thursday morning’s trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.87%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 1.47%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 0.74%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was up 0.46% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/will-tesla-shareholders-approve-elon-musk-compensation-package-prediction-markets/cL2tsX4RERW">Will Tesla Shareholders Approve Elon Musk's Compensation Package? Here's What Prediction Markets Think</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 Austan Goolsbee testifies before the Congressional Joint Ecoomic Committee on Capitol Hill February 28, 2013 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Fed’s Goolsbee Says He’s ‘Even More Uneasy’ About Cutting Rates Amid Lack Of Inflation Data Due To Government Shutdown: Report

During an interview with CNBC, Goolsbee expressed concerns that policymakers will not have enough visibility about prices during the shutdown.

<ul class="summary-bullets"><li>Dalio’s comments come at a time when the Fed has announced that it will halt its QT program on December 1, with its balance sheet currently standing at approximately $7 trillion.</li><li>He said that it will be important to watch how much the Fed adds to its reserves, along with the pace of easing through interest rate cuts.</li><li>Earlier in October, Fed Chair Jerome Powell stated that the central bank’s reserves have to be ample.</li></ul>Bridgewater Associates founder Ray Dalio stated on Thursday that the Federal Reserve’s announcement to stop Quantitative Tightening (QT) and begin quantitative easing (QE)&nbsp;next year could be a case of the central bank providing stimulus into a bubble.Dalio highlighted a range of factors to support his argument. This includes asset valuations being at a high and on an upward trajectory, a strong economy, above-target inflation, and abundant credit, as well as liquidity in the system.<blockquote>“While I understand the Fed being highly attentive to funding-markets risk which means being inclined to prioritize market-stability over fighting inflation aggressively, especially in this political environment, at the same time, whether this becomes a full and classic stimulative QE (with big net purchases) remains to be seen.”— Ray Dalio, founder, Bridgewater Associates</blockquote>Dalio’s comments come at a time when the Fed has announced that it will halt its QT program on December 1, with its balance sheet currently standing at nearly $7 trillion.<h2 class="st-heading-2">Fed Intervention</h2>Dalio stated that it will be important to watch how much the Fed adds to its reserves, along with the pace of easing through interest rate cuts.“If the balance sheet starts expanding significantly, while interest rates are being cut, while the fiscal deficits are large, we will view that as a classic monetary and fiscal interaction of the Fed and the Treasury to monetize government debt,” he said.Dalio stated that if this happens at a time when AI stocks are in a bubble, this will be a case of stimulating a bubble.<h2 class="st-heading-2">Upcoming Easing Different From Past</h2>Dalio noted that the upcoming easing is different this time from what the Fed has done historically. He said that during the central bank’s previous instances of easing, asset valuations were falling, the economy was either weak or contracting, inflation was low or falling, and debt and liquidity issues were substantial.Earlier in October, while addressing a press conference following the Federal Open Market Committee’s (FOMC) meeting, Fed Chair Jerome Powell stated that the central bank’s reserves have to be ample.“At a certain point, you'll want to start – you'll want to start reserves to start gradually growing to keep up with the size of the banking system and the size of the economy,” Powell said, confirming that the Fed will gradually add to its reserves at a certain point.Meanwhile, U.S. equities were up in Thursday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.2%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.17%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.05%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bearish’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was up 0.15% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-futures-little-changed-investors-take-a-pause/cL2t8dgREby">Dow Futures Trade Flat As Markets Continue To Consolidate: TSLA, APP, DASH, SNAP Among Stocks To Watch</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Ray Dalio speaks onstage during the 2025 TIME100 Summit at Jazz at Lincoln Center on April 23, 2025 in New York City. (Photo by Jemal Countess/Getty Images for TIME)

Ray Dalio Says Fed’s Quantitative Easing Is ‘Stimulus Into A Bubble’

Dalio’s comments come at a time when the Fed has announced that it will halt its QT program on December 1, with its balance sheet currently standing at approximately $7 trillion.

<ul class="summary-bullets"><li>Chief Justice John Roberts and Justice Amy Coney Barrett pressed Solicitor General D. John Sauer on a range of issues during early arguments.</li><li>Chief Justice Roberts also said that Congress has the “core power” when it comes to tax regulation, while rejecting the Trump administration’s claim that tariffs are not taxes.</li><li>Justice Neil Gorsuch, one of the six conservative members on the court, asked if there is a practical way for Congress to get back its power to regulate taxes.</li></ul>The Trump administration reportedly faced skepticism from conservative justices during early arguments in the crucial tariffs case at the Supreme Court.According to a CNN&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://edition.cnn.com/politics/live-news/supreme-court-trump-tariffs-11-05-25">report</a>, Chief Justice John Roberts and Justice Amy Coney Barrett pressed the Trump administration on a range of issues. This included questioning whether the International Emergency Economic Powers Act (IEEPA) authorized President Donald Trump to impose emergency tariffs.<h2 class="st-heading-2">Tariffs And Taxes</h2>Chief Justice Roberts also said that Congress has the “core power” when it comes to tax regulation, while rejecting the Trump administration’s claim that tariffs are not taxes.“So to have the president’s foreign affairs power trump that basic power for Congress seems to me to kind of at least neutralize between the two powers, the executive power and the legislative power,” Roberts said, according to the report.Solicitor General D. John Sauer defended President Trump’s tariffs by saying that these are regulatory levies, not revenue-raising tariffs. “The fact that they raise revenue was only incidental,” Sauer stated, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2025/11/05/supreme-court-trump-trade-tarrifs-vos.html">report</a> by CNBC.However, Justice Sonia Sotomayor told Sauer that these tariffs are generating money from American citizens. “You say tariffs are not taxes, but that’s exactly what they are,” she said.<h2 class="st-heading-2">Legality Questioned</h2>The Supreme Court justices also questioned the legality of President Trump’s tariffs. Justice Neil Gorsuch, one of the six conservative members on the court, asked if there is a practical way for Congress to get back its power to regulate taxes.“What happens when the president simply vetoes legislation to take these powers back?” Gorsuch asked, according to the CNBC report.<h2 class="st-heading-2">Implications On Foreign Policy</h2>Chief Justice Roberts stated that the tariffs decision will have implications on the United States’ foreign policy, while questioning attorney Neal Katyal, who is representing the small businesses challenging President Trump’s tariffs, according to the CNN report.Justice Barrett said that refunding the businesses that have paid tariffs would be a “mess.”While the Supreme Court will not arrive at a decision in the Trump tariffs case on Wednesday, it is not clear yet when a judgment will be rendered.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dan-ives-wall-street-underestimating-scope-of-ai-revolution/cL2qKSFREGK">Dan Ives Says Wall Street Is ‘Underestimating’ Scale And Scope Of AI Revolution: ‘Bears Have Never Understood This…’</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Tariffs Case In Supreme Court: Trump Administration Reportedly Faces Skepticism From Conservative Justices

Chief Justice John Roberts and Justice Amy Coney Barrett pressed Solicitor General D. John Sauer on a range of issues during early arguments.

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