| A 21Rates Newsletter | Friday, November 6, 2026 | 5 tweets |
| The Nasdaq lost $2.5 trillion in a day. Then jobs came in hot. Five real posts that told the week, each with our take. Tap any card to open it on X. |
| 01 / 05 · Markets  | Walter Bloomberg @DeItaone | 𝕏 |
NASDAQ ERASES $2.5 TRILLION AS DEMOCRATIC SWEEP SPARKS AI SELLOFF
The Nasdaq 100 plunged 6.4%, wiping out $2.5 trillion, while the Nasdaq Composite fell 5.5%, entering correction territory at nearly 12% below its October peak.
Semiconductors crashed 12%, with Nvidia down 9% and AMD down 17%.
AI infrastructure stocks suffered heavily: CoreWeave -10%, Nebius -15%, as CoreWeave’s credit default spreads hit record highs.
UBS estimates 30% of planned US data-center capacity additions in 2028 could be at risk from construction pauses following Democrats’ midterm victory. |
Our take One election result and the AI trade unwound in a day. Wednesday the Dow ripped about 1,600 points on the midterm sweep, Thursday the Nasdaq 100 gave back 6.4%. The UBS line is the one we’d watch: if data-center builds pause, the names priced for nonstop AI spending have the most to lose. |
| 02 / 05 · Stocks  | unusual_whales @unusual_whales | 𝕏 |
BREAKING: $AMD earnings:
- EPS: $2.09, est: $1.94
- Revenue: $13.3 billion, est: $13.0 |
Our take AMD beat on both lines Tuesday night. Two days later it closed at $404.40, down 17% on Thursday alone, because the market had stopped trading earnings and started trading the whole AI basket. A great quarter and a brutal week can both be true for the same stock. |
| 03 / 05 · Bitcoin  | Michael Saylor @saylor | 𝕏 |
Strategy has acquired 811 $BTC and repurchased $208M of $STRC. As of 11/1/26, we hold 849,327 BTC and $4.9B of USD Assets. $MSTR strategy.com/press/strategy-acqu… |
Our take Strategy kept buying through the dip, 811 BTC for about $65.5M per its filing. But it spent more than three times that, $208M, buying back its own $STRC. In a week like this, that’s a company defending its paper as much as stacking coins. |
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| 04 / 05 · Crypto  | The Kobeissi Letter @KobeissiLetter | 𝕏 |
BREAKING: The FBI announces that North Korea was behind the $6.3 billion hack of Binance, now the largest hack in history.
North Korean hackers were previously accused by the FBI of some of the biggest crypto hacks.
This includes the $1.5 billion Bybit attack last year and the 2022 theft of $620 million in cryptocurrency.
North Korea is now responsible for both the first and second largest crypto hacks in history. |
Our take The biggest crypto hack ever, and Binance said on night one it would cover all losses. Withdrawals came back in phases starting Nov 1. Binance’s own early read pointed to one engineer’s compromised laptop, a good reminder that the weak spot is usually a person. |
| 05 / 05 · Macro  | Nick Timiraos @NickTimiraos | 𝕏 |
The U.S. saw strong headline payroll growth (+165K) in October with upward revisions to August and September (+84K combined)
The unemployment rate ticked down by 0.03 pp to 4.14% |
Our take 165K jobs, nearly triple what forecasters expected, and the two months before got revised up too. Great for workers, less fun for anyone hoping the Fed backs off. Markets now put roughly 80% odds on a December rate hike. |
| ↓ | 📊 This week’s poll · one tap The S&P 500 closed Thursday at 7,353.73, down 4.4% in a day. Where does it close next Thursday, Nov 12? Thursday was the Dow’s biggest reversal ever. The bounce, or the next leg down, starts now. Tap an answer right below this card. Results next Friday. ↓ |
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