Tech Stocks Face $2.5T Rout, Anthropic IPO, Tesla Winds Down CyberTruck | Diet TBPN
John Coogan and Jordi Hays of TBPN cover a $2.5 trillion one-day tech stock drop after AI-skeptic midterm wins, Anthropic's shaky IPO odds, a strong October jobs report, Tesla ending the Cybertruck, and surf-pool housing.
The gist
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Tech stocks lost $2.5 trillion in one day, about 5%, the worst on record, two days after midterms swept AI skeptics into power.
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Polymarket odds of an Anthropic IPO by November 24th fell from about 72% to 49%; Jordi argues fans of the company may now buy at a discount.
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October added 165,000 jobs against forecasts of 59,000, with unemployment at 4.1%; Coogan highlights 19,000 new manufacturing jobs as the encouraging part.
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Tesla will wind down Cybertruck production next year after about 73,000 deliveries; Jordi, an owner, calls it badly built but loves how insane it looks.
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Housing developments are using man-made surf lagoons as amenities, but Jordi warns buyers that wave pool technology keeps improving and older pools quickly feel dated.
Also mentioned
6:52
Polymarket
· "But chances of an IPO have crumbled on Polymarket. It's now down to 49% by November 24th... This on..."
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