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Diane Swonk Calls Inflation the Most Regressive Tax. Retirees on Fixed Incomes Feel It First
A retiree can’t ask for a raise or pick up extra shifts, and the one adjustment they get each year follows someone else’s spending. One number in your budget decides how hard inflation hits, and most retirees never calculate it.
These 3 ETFs Shrink a 40-Tab Retirement Spreadsheet Down to One Page
Your spreadsheet has a tab for every fund, yet the biggest risk may be that only you can read it. See how three ETFs could handle the same jobs, and what each one quietly costs you.
She’ll Put a Dividend Portfolio Into an Irrevocable Trust Before Entering a Nursing Home. Medicaid May Still Count the $800 Monthly Income Toward Her Care
She locked her dividend portfolio away so Medicaid could never touch it, yet the monthly checks still follow her into the nursing home. The trust’s wording, and one overlooked calculation, decide where that money actually ends up.
HomesToLife LtdHTLM · Nasdaq
$0.9 / share
HomesToLife prices Nasdaq IPO at $0.90, raising $6.75 million
The Singapore furniture retailer priced at 90 cents a share, raising just $6.75 million against a $96 million market cap. UOB Kay Hian is sole underwriter on a deal small enough that the 7.5 million new shares set the float almost by themselves.
Source: SEC filingCloudDepots Holdings Inc.Undecided
$5–$6 / share
CloudDepots files S-1 for up to $16.5 million IPO
A cloud infrastructure name is trying to go public at micro-cap scale: CloudDepots filed an S-1 for 3 million shares at $5 to $6, raising up to $16.5 million with US Tiger Securities running the deal. The listing venue is still open, Nasdaq or NYSE American, so terms and exchange can both move before pricing.
Source: SEC filingUS stocks are mixed as Technology lags and Consumer Staples leads
- S&P 500-0.4%
- Nasdaq 100-1.2%
- Dow+0.1%
- Russell 2000-0.3%
Per CNBC, the Nasdaq fell as Nvidia sold off, though the index notched its best week since August.
LeadingConsumer Staples +1.4%Communication Services +1.1%Energy +1.0%
LaggingTechnology -2.0%Consumer Discretionary -0.4%Industrials -0.4%
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He’ll Borrow $40,803 From His 401(k) to Buy Three Breeding Bulls, Expecting His Herd to Pay Him Back. A Cattle Price Crash Could Leave Him Owing Taxes on the Loan
Bull prices have nearly doubled in two years, and one rancher thinks his own retirement account is the smartest way to pay. A single bad cattle season could turn that shortcut into a tax trap he never priced in.
New ETF launches4 new ETFs hit the market · Nov 13
- PCHXState Street® SPDR® Nasdaq® MyPaycheck ETFmulti-asset0.35%
- SDCKICK Space Data Center & Infrastructure Index ETFequity0.65%
- SIMIAmerican Beacon SiM High Income ETFfixed-income0.59%
- XPUKICK CPU Index ETFequity0.65%
Thematic AI plumbing is getting its own tickers: new index funds cover CPUs and space-based data centers at 0.65%. State Street's Nasdaq MyPaycheck multi-asset fund is the cheap one of the bunch, alongside American Beacon's high income bond entry.
Gainers
Losers
The pain at Thursday's close clustered in AI hardware, with AMD down 8.45% and Fabrinet, IREN and Dell all off more than 7%. Consumer and app names went the other way, led by Dutch Bros at +6.67%.
PodcastThe Markets
How Will Higher-than-Expected Inflation Data Impact the Fed's Next Rate Decisions?
- October CPI at +0.3% for a third straight month reopened the door to a 50bp December hike
- Waller's pre-CPI speech explicitly made 50bp contingent on a 0.3 reading
- Oil down roughly 15% in November won't give the Fed cover, Qubbaj says
- Base case: 10-year yield stays below the ~5.3% high; own mega-cap tech, rent puts as hedges
Goldman's rates trading co-head is telling clients the market spent a month pricing out nearly 50 basis points of hikes and just gave it back in a day. If he is right that 10-year yields hold under the 5.3% peak while the Fed goes bigger in December, the pain sits in over-levered balance sheets while mega-cap tech keeps driving the tape.
CLOSING BELL
U.S. Markets
- S&P 500-0.40%
- Dow Jones Industrial Average+0.09%
- Nasdaq Composite-0.91%
Money moved out of tech and into everything else today: the Nasdaq gave up 0.91% while the Dow still closed green. If you only own megacap tech, your day looked nothing like the broader market's.
She Puts Off Selling Her $900,000 Home as Sales Hit a 16-Year Low. Waiting Three Years Could Cost Her a $250,000 Tax Break and Raise Her Medicare Premiums
A retiree moves out of her house and rents it to wait for a better market. Her move-out date quietly starts a three-year clock, and the IRS and Medicare both plan to check it when she finally sells.