Sign of strength of markets
Source: Ryan Detrick
Small cap junk stocks have beaten quality stocks so handily that we are at Dot-Com bubble performance gaps.
In the last 6 months, the small cap Russell 2000 index, which has a ton of money-losing companies, beat the higher quality S&P 600 by 6.4%. That is equal to April 1999. Source: Jeff Weniger
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
