🇺🇸 Berkshire Hathaway ($BRK.B) has been raising cash for three years.

12 straight quarters of net sales.

📊 CHART WATCH 📊

🇺🇸 Thank God they saved all those people by moving them from mental hospitals to prisons.

We could've just reformed the hospitals, but I guess that's too big an ask for Boomers & their parents.

📉 CHART WATCH 📈

🇮🇱💥🇱🇧 The prediction market for how long Israel's aggression against Lebanon is going to last...

70% of the crowd thinks it continues through Wednesday. There aren't any further days yet, so we might interpret this as Wednesday through indefinitely.

🎱 CHART WATCH 🎱

💥🇮🇱💥 How many countries will Israel bomb this November?

Half the market says 2. I suppose that's fair. 1 is extremely optimistic. 3 is a real dark horse at 12%. They could do 3 no problem if they get going...

🎱 CHART WATCH 🎱

🇪🇺 European inflation came in slightly over consensus.

Headline inflation was 2.1% year over year, while core inflation reached 2.4%.

📈 CHART WATCH 📈

🇰🇷 The South Korean KOSPI Index is putting in quite the performance year-to-date, appreciating by 75%.

That's about 80.5% in dollars, propelled by strong growth in its two largest companies—SK Hynix (251% YTD) and the 4th largest Asian corporation, Samsung (109%)—as well as in defense, shipbuilding, batteries, and fintech.

KOSPI is the second best performing primary national index over the past quarter century, averaging 7% per annum.

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🌎 The Returns Leaderboard for the month of October 2025 (in USD)

🥉 EM Equities 🇰🇷🇻🇳 (+4.2%)

🥈 The NASDAQ 100 🇺🇸 (+4.7%)

🥇 The Magnificent 7 🇺🇸 (+5.6%)

🔽 Japanese Yen 💲 (-4.1%), Bitcoin 💰 (-4%), Chinese Equities 🇨🇳 (-3.8%)

🔼 CHART WATCH 🔽

🇺🇸 Who will be the 2025 NFL Champion? Kalshi's prediction market points to the Chiefs.

Kansas City Chiefs 18%
Detroit Lions 12%
Buffalo Bills 11%
Green Bay Packers 10%
Philadelphia Eagles 10%
Indianapolis Colts 8%

🏈 CHART WATCH 🏈

🇺🇸 America's Wealth by Generation

This is something else. They'll point to compounding and that's a multiplier, but in reality, it's more the fact that Boomers did two key things: (1) they bought assets in an era of gratuitous public spending and thus immense inflation and (2) they demanded the government borrow from the future to prevent a real recession in their lifetimes.

What's the result? The Silent Generation's depleted pensions still carry more weight than the sum of Millennial wealth.

📊 CHART WATCH 📊

🇺🇸 Restaurant stocks are taking a beating in 2025...

🍽 CHART WATCH 🍽

🇺🇸 Accordingly, the Restaurant ETF is approaching its Liberation Day lows.

$EATZ has suffered a 20% drawdown from its all-time high in July.

🍽 CHART WATCH 🍽

🇺🇸 Action in the indices today...

The Nasdaq led. The S&P was also positive. The Russell lost a third of a point; the Dow lost almost half of one.

📈 CHART WATCH 📈

🇺🇸 The S&P 500 ($SPY) is up about 14.6% this year. A lot of that upside has been in the technology sector ($XLK) is up 26.62%, and the Mag 7 ($MAGS) are up 25.56% YTD.

The S&P 500 Excluding Technology ($SPXT) is only up 9.88%, and excluding the Mag 7, the S&P 493 is up 12.10% on the year.

🌐 CHART WATCH 🌐

🌎 Trick-or-Treat Around the World: origin of traditions around the world where children go door to door for treats

🍭 CHART WATCH 🍭

🌎 Countries That Celebrate Halloween

🎃 CHART WATCH 🎃

🇬🇷🇨🇳🇯🇵 Three Nations Control the Global Fleet

Greece, China and Japan command the global fleet, holding over 40% of the world's shipping
capacity.

⚓️ CHART WATCH ⚓️

🇺🇸 Halloween Inflation

Adjusted for inflation, Halloween costs as much as ever. Nominally, a new record of $13 billion was set in 2025. In reality, this $8.7 billion in 2009 dollars—on par with 2023's $12 billion spent.

👻 CHART WATCH 👻

🌎 The Past Year of the Crypto Fear & Greed Index

The F&G Index is strongly indicating fear as it extends into the spring time lows, down near 20.

This comes as Bitcoin is down almost 17% since its last all-time high 28 days ago...

🤑 CHART WATCH 🤑

🇺🇸 Truflation surges to 2.7%.

This is likely the long-awaited tariff bump that the financial press has so eagerly awaited.

📈 CHART WATCH 📈

🇺🇸 v. 🌍 Foreign stocks are once again failing to break out against American stocks.

Every single one of those rejections off that trend line came with much fanfare about the end of the American era (largely out of Europe and European-owned media).

This time, though, there is some merit to the case. Without the Mag 7's dominance, that trend line would be broken. It's just the sheer power of the consolidated AI bubble holding them down.

📉 CHART WATCH 📉

🇺🇸 The Buffett Indicator continues to set new all-time highs; this reading is a whopping 223%.

That's right: two hundred & twenty-three percent!

That's up from 209% at the beginning of July. The indicator is calculated by taking the ratio of the total market capitalization of the Wilshire 5000 to the gross domestic product.

For more:
• Hussman Strategic Advisors upgraded version [8/30]
• Berkshire Hathaway's mounting cash pile [11/2]

🚨 CHART WATCH 🚨