IPO Market

President Trump addressed the nation, highlighting economic wins like tax refunds and military bonuses amid declining approval ratings. Key events include a potential Obamacare subsidy vote, an FBI leadership change, and acknowledgment of a fatal helicopter crash. Investors await the November CPI report, with projections for 3.1% inflation, while market sentiment shows tentative signs of rebound. Medline’s IPO soared, and Delta’s President will retire. The Oscars will stream on YouTube starting in 2029.

Yesterday’s market saw a broad decline, with the Nasdaq, Dow, S&P 500, and Russell 2000 all experiencing significant losses amid AI rally fatigue. Disney’s weak revenue and doubts about Oracle’s AI prospects contributed. Expectations for a Fed rate cut diminished. Consumer spending shows mixed signals, while housing faces potential distress. Labor disputes see Boeing workers ratifying a contract, and Starbucks baristas striking. Delivering Alpha insights revealed optimism about AI and concern about the IPO market.