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Good morning!

In today's edition: Markets eye inflation numbers, Dogecoin jumps on Trump's quirky department name, and Spotify hits all the right notes in Q3. Plus, we've got tax updates for 2025 and some fresh thoughts on investing myths worth challenging.

Grab your flat white and let's get into it! ☕️👇️

Markets

📊 Stocks Fluctuate With Focus Shifting to Inflation
Stocks traded mixed early Wednesday ahead of key U.S. inflation data, as concerns simmered over President-elect Donald Trump’s proposed tariffs and cabinet picks. Both the S&P 500 and Nasdaq 100 futures slipped. Traders focus on Trump's “America First” policies, which could impact trade and security. U.S. data expected later may reveal a 0.2% rise in the consumer price index for the fourth consecutive month, fueling inflation worries.

🐕️ Dogecoin spikes after Trump announcement
Dogecoin surged Tuesday night after President-elect Donald Trump announced the creation of the Department of Government Efficiency, humorously abbreviated as “DOGE.” In a statement, Trump revealed that Tesla CEO Elon Musk and former Republican presidential hopeful Vivek Ramaswamy would lead the department, tasked with cutting bureaucracy and streamlining federal agencies. Dogecoin jumped nearly 20% before trimming gains and has skyrocketed 153% since election day, far outpacing Bitcoin's 30% rise.

🧠 1 Key Reason this Stock Has the Potential to Be the "Next Nvidia Stock"
Nvidia dominates the booming AI chip market, making its stock a strong buy. However, its massive size could make significant percentage growth in revenue and earnings challenging. Smaller, rapidly growing AI firms with strong business models may offer even greater long-term upside potential. Here’s one to consider.

🏦 2025 tax brackets revealed
The IRS has released its annual inflation updates for 2025, detailing changes to tax brackets, the standard deduction, and more. These adjustments aim to reflect inflation and could impact your liabilities and deductions next year.

⚔️ Some Things I Don’t Believe About Investing
Charlie Munger often advised, “Invert, always invert,” and Ben Carlson recently shared a blog on investing beliefs he challenges. Carlson’s reflections offer really good lessons and a fresh perspective on conventional wisdom. It’s definitely worth a read.

Spotify Profitability Within Reach

Spotify's third quarter performance for 2024 strikes a chord with investors as the streaming giant inches closer to a historic milestone: its first profitable year. The company's stock jumped 8% in pre-market trading as investors responded positively to the earnings report.

• Monthly Active Users soared to 640 million, marking an 11% increase year-over-year

• Paid subscriber base expanded to 252 million, up 12% from the previous year

• Revenue reached €4 billion, representing a robust 19% year-over-year growth

• Gross margin improved to 31.1%

• Operating income showed significant strength at €454 million

While falling slightly short of revenue and profit expectations, Spotify's forward-looking guidance remains upbeat. The company has implemented several strategic initiatives that have strengthened its financial position. Notable operational improvements include streamlined workforce management, optimized podcast content investments, and reduced marketing expenditure. The recent premium plan price adjustments in the U.S. market have also contributed to revenue growth.

On the innovation front, Spotify continues to enhance its competitive edge through expanded premium feature offerings and a broader rollout of AI-powered playlist generation tools across markets. These user engagement initiatives appear to be resonating with consumers, at least for now.

This Stock is Up 220% and Primed for the Next Breakout

Bank of America analysts predict gold will hit $3,000 by 2025 — and this hidden gold stock is set to benefit.

With gold's post-election dip, now could be a good opportunity to consider adding to your portfolio. Savvy investors understand the value of holding gold and gold stocks.

This stock has made impressive gains in recent years, and with insiders continuing to buy, it's one to keep on your watchlist.

Learn About This Winning Trade

P.S. The last gold stock we highlighted in this newsletter saw a strong rally, climbing over 60% just days after our feature. Be sure to keep this one on your watchlist!

This is a sponsored advertisement on behalf of Four Nines Gold. Past performance does not guarantee future results. Investing involves risk. View the full disclaimer here: https://shorturl.at/73AF8