🧢 Time To Start an eBay Side Hustle

Plus, the prediction market's latest hot take is a doozy...

Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

It was a big week for Disney investors. The entertainment giant delivered blockbuster earnings and saw its stock pop 16% over the past five days. I personally invested a small fortune in the company this week — but I didn’t get in on any of those gains.

Disney may not be a perfect fit for my portfolio. But the much-hyped (and now sold out) Disney x lululemon bucket hats seemed like a solid one for my eBay side hustle. Now here’s hoping the two dozen units I impulse bought see the same appreciation…

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Market Review:

Stocks sharply declined on Friday as the post-election rally slowed and investors faced a familiar bogeyman: interest rate concerns.

Earlier in the week, Federal Reserve Chair Jerome Powell suggested the central bank is in no rush to cut interest rates given the strong economy. Sticky consumer price and wholesale inflation may have contributed some to that.

All three major indexes finished lower yesterday and on the week, weighed down by pharmaceutical stocks like Moderna, which sold off after President-elect Donald Trump said he would nominate vaccine skeptic Robert F. Kennedy Jr. to head the Department of Health and Human Services.

October retail sales rose by 0.4%, better than expected, but scant comfort as the broader market suffered.

Market Preview:

Next week on Wall Street will be heavy on Fed Speak.

On Monday, we get November’s gauge of home builder sentiment, followed by remarks from Chicago Fed President Austan Goolsbee.

Tuesday morning will feature housing data, with October’s housing starts and building permits both out first thing.

On Wednesday, Fed Governors Lisa Cook and Michelle Bowman will, well, Speak.

Thursday will kick-off with first-time unemployment filings. Existing home sales will also be released, followed by another flood of Fed Speak in the afternoon.

On Friday, the Services and Manufacturing PMIs are due, followed by the final reading for the November Consumer Sentiment Index, and one more speech from Fed Governor Michelle Bowman to close out the week.

GO DEEPER

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Which of these principles do you most subscribe to?

For me, it’s #1. In the era of TikTok, it’s increasingly uncommon to take the long view. But obsessively refreshing the charts is how you miss the forest for the trees. (And drive yourself crazy.)

Welp.

Guess I had to stop eating like a fifth grader someday…

Ulta Beauty didn’t make the cut for this chart — or Buffett’s portfolio.

Berkshire-Hathaway just dumped virtually all of its Ulta holdings, after taking a substantial stake in the beauty retailer back in August.

Subsequently, predictably, its price pumped.

Has Buffett been scrolling r/WallStreetBets in his old age? 🤔

Together With Mode Mobile

Mode Mobile's EarnPhone pays users for everyday activities like using apps, listening to music, or charging their phone. The company is taking the $1T+ smartphone industry by storm with 45M+ active users already earning and saving more than $325M+. Invest in Mode before their share price changes on 11/22 (and lock in up to 2X bonus stock).

This is a paid advertisement for Mode Mobile Regulation A offering. Please read the offering circular and related risks at invest.modemobile.com.

And I thought eggflation was bad…

Will the trend hold for another four decades? Let’s hope not. But that line sure does look mighty straight.

Where’s his “two-sizes-too-small” heart?

Probably Tallahassee.

(Sorry. I’m a Miami man. Couldn’t help myself.)

TRIVIA

How many pounds of used clothes are thrown out in the US each year?

Might be time for you to get an eBay side hustle too. Call it diversification.

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