🤔 What Does Warren Buffett Know?

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

Who else is looking forward to Thanksgiving in an election year? Anyone? Bueller?

Pro-tip: if the convo gets divisive, throw out some fun facts as redirection. Drawing a blank? No worries. Here are our five favorite family-friendly dinner table topics from the past week.

(Well, family-friendly, so long as your fam’s really into finance.)

Together With Frec

Turn Losses into Gains with Frec

Guess what? December 31 is just 38 days away. That means it’s time to think about strategies that can save you thousands of dollars, like tax loss harvesting.

As a quick refresher, tax loss harvesting is a savvy strategy where investors sell investments that have decreased in value to realize a capital loss. This loss can then be used to offset capital gains from other investments, thereby reducing the amount of taxes owed.

Imagine if there was a way to harvest up to 2x more tax losses than other Robo-advisors, for less than half the cost?

Well, you can quit dreaming because that’s now a reality with Frec.

(Or don’t if you don’t want the opportunity to save thousands of dollars in taxes).

St. Sheet is not a Frec customer and Frec paid a one-time fee for this full sponsorship. Investing involves risk, including the risk of loss. Brokerage services provided by Frec Securities LLC, member FINRA/SIPC and advisory services provided by Frec Advisers LLC, an SEC RIA. Both wholly owned subsidiaries of Frec Markets, Inc.

Market Review:

Wall Street saw gains across major indexes this week, with the Dow Jones rising nearly 1% on Friday, bringing it up over 1.5% for the week. The S&P 500 added 0.3%, and the Nasdaq gained 0.2% on the day, though tech stocks like NVIDIA and Google-parent Alphabet saw notable declines.

Investors continued to jump from tech stocks to sectors more exposed to the broader economy, with industrials and consumer discretionary leading the way.

Bitcoin came within striking distance of the $100,000 milestone as of market close on Friday. Small-cap stocks also outperformed, with the Russell 2000 climbing over 4% for the week, overall marking a recovery from last week's stalled postelection rally.

Market Preview:

Next week will be an abbreviated one for economic data, due to the Thanksgiving holiday. There are no major reports scheduled for Monday, Thursday, or Friday.

On Tuesday, however, we’ll get several key prints: the home price index for September, new home sales for October, and consumer confidence for November. The minutes from the Federal Reserve’s latest meeting will also be released.

And Wednesday will be packed with reports, headlined by Personal Consumption Expenditures (PCE), the Fed’s preferred measure of inflation. We’ll also get first-time unemployment claims for the previous week, durable goods orders from last month, and the advanced estimates of US trade balance, retail inventories, and wholesale inventories for October.

The robots aren’t “coming for our jobs”. They’ve arrived.

Look on the bright side though. AI may take your job — but it could also help you land a new one. Here’s how.

Funny how, if you squint, it just looks like a line going up.

Taking the long view is a nice reprieve from the life-or-death energy of an average day on Wall Street.

And, while past performance doesn’t guarantee future results, it can also provide hints as to what may be around the bend.

Which brings us to our next point…

Years of playing SET have honed my sense of pattern recognition.

And, frankly, I am not getting great vibes from this chart.

Together With Frec

Turn Losses into Gains with Frec

Guess what? December 31 is just 38 days away. That means it’s time to think about strategies that can save you thousands of dollars, like tax loss harvesting.

As a quick refresher, tax loss harvesting is a savvy strategy where investors sell investments that have decreased in value to realize a capital loss. This loss can then be used to offset capital gains from other investments, thereby reducing the amount of taxes owed.

Imagine if there was a way to harvest up to 2x more tax losses than other Robo-advisors, for less than half the cost?

Well, you can quit dreaming because that’s now a reality with Frec.

(Or don’t if you don’t want the opportunity to save thousands of dollars in taxes).

St. Sheet is not a Frec customer and Frec paid a one-time fee for this full sponsorship. Investing involves risk, including the risk of loss. Brokerage services provided by Frec Securities LLC, member FINRA/SIPC and advisory services provided by Frec Advisers LLC, an SEC RIA. Both wholly owned subsidiaries of Frec Markets, Inc.

NVIDIA is up nearly 200% YTD.

Its top supplier by a wide margin, Fabrinet (FN), is up just over 20%, lagging both the S&P 500 and Nasdaq Composite.

Glass half full, FTW.

The only way to lose is by sitting on the sidelines.

TRIVIA