Good morning, traders — it’s Election Day, but Wall Street’s voting with its wallet, and the ballot says: SELL some AI.

S&P 500 futures are down about 1%, Nasdaq’s bleeding pixels, and even the bulls are eyeing the exits. The culprit? Palantir, the so-called prophet of AI, just forgot to prophesy 2026 — stock down 7% pre-market. That’s your canary in the coal mine — or maybe the data miner in distress.

AI valuations have officially hit “nosebleed altitude” — S&P’s forward P/E is hovering near 23, right where it was back in 2000. You remember 2000, right? The last time everyone thought tech would never fall… right before it did.

Goldman Sachs CEO David Solomon says we’re due for a 10-20% drawdown, Morgan Stanley’s Ted Pick says “sure, let’s call it a healthy cleanse,” and 300 stocks in the S&P closed red Monday. That’s not a breadth problem — that’s a breathless market gasping for rotation.

Government shutdown? Day 35. The longest shut down in history. Washington’s still on an unpaid vacation. Markets don’t like “out-of-office” auto-replies from fiscal policy.

• Goldman & Morgan Stanley – Both CEOs warned of a 10-20% market correction within two years. Translation: they’re already shorting your optimism.

• SNAP Benefits – Trump admin raiding contingency funds to pay half the nation’s grocery bills. Fiscal responsibility meets coupon-clipping.

• Starbucks – Selling 60% of its China biz to Boyu Capital for $4 billion. Guess they realized “Made in China” also applies to profit margins.

• Layoffs – Amazon, UPS, and Target axed 60,000 jobs. The AI white-collar recession just RSVP’d.
  
  

Finance jobs? Fleeing NYC faster than pigeons at lunchtime. Texas and Florida are the new Wall Street zip codes.

The market’s that farmer who spent all year bragging about his golden crop, only to find out the corn’s plastic and the rainclouds are shorting futures.

Today’s Tactical Tuesday isn’t about planting new seeds — it’s about protecting the ones you’ve already got before the locusts (aka profit-takers) move in.

Note: Some data may be delayed thanks to our “out-of-office” government.)

MONDAY:

• Palantir (PLTR) earnings (After the Bell)

• ISM Manufacturing Index

• September Construction Spending
  
  

TUESDAY:

• Election Day

• Uber (UBER), Spotify (SPOT), Shopify (SHOP), Norwegian Cruise Line (NCLH), Pfizer (PFE), Yum Brands (YUM) earnings (Before the Bell)

• AMD, Pinterest, Super Micro (SMCI), Hinge Health, Amgen, Rivian earnings (After the Bell)

• September International Trade Data

• JOLTS Job Openings & Labor Turnover Survey
  
  

WEDNESDAY:

• McDonald’s (MCD) earnings (Before the Bell)

• Qualcomm (QCOM), Snap (SNAP), Arm Holdings (ARM), Lyft (LYFT), Figma, e.l.f. Beauty (ELF), Lucid Group (LCID) earnings (After the Bell)

• Weekly Mortgage Apps

• ADP Private Payrolls

• ISM Services Index
  
  

THURSDAY:

• Warner Bros Discovery (WBD), Tapestry (TPR), Under Armour (UAA), Moderna (MRNA) earnings (Before the Bell)

• Airbnb (ABNB), Affirm (AFRM), Block (SQ), Peloton (PTON) earnings (After the Bell)

• Weekly Jobless Claims

• Q3 Productivity & Costs (Prelim)
  
  

FRIDAY:

• October Jobs Report

• Preliminary Consumer Sentiment Data

• Palantir (PLTR) – Down 7%. Beat earnings, raised guidance… and still got punished. That’s what happens when your “AI future” looks like “AI maybe later.”

• Uber (UBER) – Down 5%. Revenue beat, guidance meh. The only thing accelerating here is investor nausea.

• Norwegian Cruise Line (NCLH) – Down 10%. The only thing cruising here is straight into the red sea. Royal Caribbean & Carnival down ~4% in sympathy — or solidarity.

• Spotify (SPOT) – Up 5%. Apparently, Taylor Swift’s breakup songs still move markets.

• Yum Brands (YUM) – Up 2%. Taco Bell’s saving the day — because nothing says “economic resilience” like late-night burritos.

• Sarepta (SRPT) – Down 35%. Their gene therapy missed the mark… looks like the DNA of disappointment.

• Upwork (UPWK) – Up 20%. Freelancers eating while corporate layoffs roll in — poetic justice or AI irony?

• Archer-Daniels-Midland (ADM) – Down 8%. The harvest report is ugly; farmers everywhere just muttered “same.”

• Ferrari (RACE) – Up 1%. The only stock still speeding — because the rich don’t do recessions.
  
  

And let’s not forget Norway’s sovereign wealth fund just rejected Elon Musk’s $1 trillion Tesla payday. Even Vikings think that’s too much pillaging.

Strengths

• Some companies still delivering solid beats + raised guidance (e.g., Upwork).

• Liquidity remains ample; time-freedom traders can still engage with setups.

• Market knows the narrative (AI), so deviations prompt reactions — meaning tactical edges exist.
  
  

Weaknesses

• Valuations are elevated (forward P/E of S&P ~23 — near 2000 levels).

• Breadth is weak: >300 stocks closed red Monday, equal-weight indexes showing clear under-performance.

• Investors locking in profits; sentiment may shift abruptly.

• Government shutdown drags macro sentiment and cost of capital unknown.
  
  

Opportunities

• Use pullbacks to deploy capital at better risk-reward.

• Time-Freedom Trading setups thrive in mean-reversion environments; when tech gets over-extended and starts wobbling, that’s your entry zone.

• Diversification away from the AI/tech concentration. Industrials, commodities, value names may offer leverage.
  
  

Threats

• A 10-20% drawdown risk identified by top-tier CEOs.

• Macro shocks (shutdown, labor weakness, AI-led job cuts) could catalyze a broader downturn.

• Crowded tech/AI bets may unwound quickly, triggering cascading tail-risk.

• Market may pivot from growth-to-value abruptly—if you’re unaware, you’ll get smoked.

Tuesday, November 4 (Local/State Election Day)

What Happens:
On Election Days—even non-presidential ones—the market often enters a holding pattern. For example, on Election Day 2000, the S&P 500 dipped only ≈ 0.3% amid major corporate news, with traders sitting on their hands while results came in.



More broadly, around U.S. elections the market tends to rise modestly on the vote-day itself (average +0.92% for the S&P in presidential-election years) but then pull back the next day (average –0.71%).

In short: uncertainty rules. Until the fog lifts, the market paces, watches, and often trades sideways.

TFT Lesson:
As a Time Freedom Trader, your edge isn’t in pretending you know the outcome—it’s in respecting the uncertainty and using it to your advantage.

• WHAT? The market is quiet or choppy on Election Day because participants are freezing mid-decision, waiting for the outcome.

• SO WHAT? That means setups driven by uncertainty reduction (once results/clarity arrives) become higher-probability. Trading into the freeze zone increases risk.

• NOW WHAT? Use Election Day as a screening period—not a go-time. Scan for distorted volumes, sector divergence, and emerging flows after the outcome becomes clearer. Then launch trades when the market picks a lane.
  
  

TFT Takeaway:
Don’t wrestle the market when it’s indecisive. Sit tight. Let the headline drop, breath reconnects with the market, then strike with clarity.

Because Time Freedom isn’t built on news-trading—it’s built on reaction-trading.

When everyone else is holding their breath, you’ll be already planning your move.

When the “everything AI” trade gets this crowded, the smart money doesn’t panic — it pre-plans.

If you see sector rotation from high-beta tech into staples or energy, that’s your tactical tell.

Trade the turn, not the trendline tears.

MONDAYS TRIVIA 

What percentage of total market gains historically come from the top 10 trading days each year?

(Hint: Miss those days, and your returns look like government efficiency.)

Because markets don’t just move in cycles — they rhyme in history.

Roughly 90% of annual market gains come from just the top 10 trading days of the year.

Yep — miss those days, and your portfolio performance drops faster than Congress’ approval rating.

TFT Takeaway:
This is why Time Freedom Traders don’t try to time perfection — they prepare for participation.

We don’t chase every candle; we stay positioned for alignment — Catalyst. Trend. Setup. Confirmation.

You don’t have to trade every day… but you must be ready every day.
Because the day you skip prep is often the day the market pays.

Moral of the story: Stay disciplined. Stay engaged.
The market rewards the consistent — not the casual.

Question: Since 1950, what’s the average market drawdown before a new bull market begins?

👉Answer in tomorrow’s report. Hint: It’s deeper than your favorite dip-buy.

You can’t sow greed and expect gratitude. You can’t sow hype and expect harvest. You sow discipline, patience, and precision — that’s how you reap freedom.

And remember — you’re just one trade away from changing your life.

If you’re done guessing and ready to start compounding — join the Time Freedom Trading Fall Cohort today.

We’ll install your Wealth Operating System so you can trade with clarity, conviction, and confidence.

Because freedom isn’t found in the trades you take — it’s in the trader you become.

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