1. Using AI is Getting Cheaper
Token volumes vs. token spend. “AI Spend FALLS in the latest Ramp AI Index. Price cuts at the frontier, in addition to cheaper and more efficient models at standard and lite levels, are pushing down the cost of using AI. Open source models remain <5% of business spend. This decline in spend is driven almost exclusively by competition between OpenAI + Anthropic.”
Ara Kharazian
2. Why Did META Add $450Billion to Market Cap in September?
3. Tech is Now 55% of All U.S. Capital Spending
The Irrelevant Investor
4. Small Cap Stock Short Interest is Sitting 99th Percentile—This is Not Bubble Stock Market Action
R2K short interest. Short interest (as % of shares outstanding) in the Russell 2000 has risen to the 99.8th percentile.
5. S&P Returns Modern Day Presidents
Charlie Bilello
6. China’s Bigger and Better Batteries-FT
Financial Times
7. Fintechs are Offering Higher Yields on Deposits
Advisor Perspectives
8. Jobs Number by Sector
Business Insider
9. American Populism Rising
Americans Want Populist Policies That Defy Traditional Political Labels
A new Wall Street Journal survey finds broad support for caps on prescription drug prices and strong border securityBy Aaron Zitner
WSJ
10. Guess Who is Not Coming to Dinner-Semafor
Semafor