The largest marijuana ETF by market capitalization is soaring
The largest marijuana ETF by market capitalization is soaring after President Trump's Truth Social account published an overnight informational video highlighting the health benefits of cannabidiol (CBD), an active ingredient in cannabis derived from the hemp plant, for seniors. On Sunday evening, Trump's social media team published a video that began with bold text reading, "You can revolutionize senior healthcare." The video highlights that CBD can "restore" the endocannabinoid system, touting benefits such as reduced pain, better sleep, and lower stress.
Robinhood Prediction Markets just crossed 4 billion event contracts traded all-time, with over 2 billion in Q3 alone.
And we’re just getting started. Source: Vlad Tenev @vladtenev on X
Zijin Gold IPO explodes +64.8% on day one China’s biggest gold miner just spun off its global arm in Hong Kong, the largest IPO since May 2025.
Investor demand for gold is going vertical Zijin Gold shares surged over 60% Tuesday as the Chinese miner’s international unit made its trading debut in Hong Kong. The company had raised nearly 25 billion Hong Kong dollars (about $3.2 billion) with shares priced at HKD$71.59 apiece, making it the world’s second-largest initial public offering after battery giant CATL’s listing earlier this year. Zijin Gold’s debut, which was delayed by a day due to the impact of Super Typhoon Ragasa on Hong Kong last week, comes at a time when the yellow metal has been notching record highs amid strong safe-haven demand, expectations of rate cuts, and global economic uncertainty. Source: CNBC, Wall Street Gold on X
Gold & Future of defence $NATO ETF
Source: Ole S Hansen
We’ve officially entered buyback blackout season in the US
Roughly one-third of SP500 companies are already restricted from repurchasing shares as of today. That figure will climb rapidly, peaking near 80–85% by mid-October. This matters because buybacks are one of the biggest sources of demand for equities. Source: StockMarket.news
Goldman $GS, Citi $C, and Interactive Brokers $IBKR are all up 40%+ year-do-date.
Source: Bespoke
According to CNBC, a looming federal government shutdown appeared even more likely after top Democrats and Republicans met with President Donald Trump at the White House on Monday.
“I think we’re headed to a shutdown because the Democrats won’t do the right thing,” Vice President JD Vance told reporters after the meeting, which came less than two days before the shutdown will begin in the absence of a funding deal. The Democratic participants, House Minority Leader Hakeem Jeffries and Senate Minority Leader Chuck Schumer, likewise said that the two sides remain far apart. “We have very large differences,” Schumer said after the meeting. But he added that he believes Trump heard Democrats’ objections “for the first time,” suggesting the face-to-face was at least partially constructive. Both sides continued to assert that the other will be to blame if the government shuts down starting Wednesday. Source: CNBC, Reuters
The effective US tariff rate on China (red)
The effective US tariff rate on China (red) based on imports and estimated duties paid - has stabilized near 43%, which is up from 17% before Trump 2.0 and up from 5% before Trump 1.0 before that. The effective tariff rate on everyone else (excluding Canada and Mexico) is 14%. Source: Robin Brooks on X
