The Dow Jumped 3%. SpaceX and Tesla Fell
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5 NOVEMBER 2026
By Mike Leesponsored The November 11 Date |
 My name is Jeff Brown, founder and CEO of Brownstone Research. And I want you to circle one date on your calendar… November 11. That's the day a tiny company could announce a huge supply deal with Elon Musk. It's a stock trading at under $1… In an overlooked sector you'd never associate with tech. But Musk's robots, microchips and AI satellites all rely on it.  And on page 37 of the SpaceX IPO filing, Musk names this sector directly. Why does that matter? Because Musk raised $85.7 billion from the SpaceX IPO… And a further $25 billion by selling bonds. That money is about to flow downstream. And when a Musk supplier in this sector announced a deal before… The stock soared 395% in a single day. That's almost five times your money… Before the sun goes down. I recently sat down with an insider in this sector to talk about what could happen on November 11. A man who once turned $13,140 of his own money… Into around $1.85 million in under a year. In our urgent strategy session, we reveal the name and ticker of a crucial Musk supplier… Entirely for free. But once November 11 arrives, this opportunity could be gone. We have so much to look forward to, Jeff Brown Founder & CEO, Brownstone Research P.S. I recently recommended Micron — a company that provides Musk with memory chips — before the stock soared 1,121% in under two years. What I'm seeing in this overlooked sector could be even bigger. Click here to watch the strategy session now. |
Three Numbers to Start
1,569 | points the Dow gained on Wednesday, its best day since April 2025. |
$4,135 | spot gold early on Thursday, its highest since 22 October. |
6 | US banks that have failed this year, with combined assets of about $1.43 billion. |
ad And I want you to circle one date on your calendar… See the Date |
The Dow Jumped 3%. SpaceX and Tesla Fell
The Dow gained 1,569.40 points, or 3.03%, to 53,356.12 on Wednesday, its best day since April 2025, CNBC data show. The S&P 500 rose 1.58% to 7,688.62 and the Nasdaq 1.44% to 25,736.51. Amazon rose 6.1% and Apple 5.3%, after touching a record $354.33 during the session; CNBC said Apple could gain from slower data-center building and less pressure on memory-chip prices. McDonald’s rose 6.5% after its quarterly results, and Treasury yields fell.
Elon Musk’s two listed companies went the other way. SpaceX fell 3.81% and Tesla 3.34%, and CNBC tied the drop to the race for governor of Texas. Gov. Greg Abbott conceded to Democrat Gina Hinojosa, KPRC Click2Houston reported; with 99% of precincts counted, Hinojosa had 53% of the vote and Abbott 46%. In July Hinojosa called for a moratorium on new data centers until the governor called lawmakers into session to write rules for them. SpaceX is based in Texas, and Tesla has its headquarters in Austin.
The selling spread to the companies that build and fill data centers. Hut 8 fell 23.2%, Sterling Infrastructure 21.5% and CoreWeave 9.9%, while Nvidia lost 3.2% and Super Micro 5.7%. Texas holds about 27% of the data-center capacity planned in the United States, by a Wells Fargo estimate cited by ActionForex. The Texas Legislature opens its next regular session on 12 January.
The selling spread to the companies that build and fill data centers. Hut 8 fell 23.2%, Sterling Infrastructure 21.5% and CoreWeave 9.9%, while Nvidia lost 3.2% and Super Micro 5.7%. Texas holds about 27% of the data-center capacity planned in the United States, by a Wells Fargo estimate cited by ActionForex. The Texas Legislature opens its next regular session on 12 January.
SpaceX fell 3.81% and Tesla 3.34% after the Texas vote. Jeff Brown says a tiny company in an overlooked sector could announce a supply deal with Musk on 11 November. He says a previous supplier in the same sector jumped 395% in a single day when it announced a deal. His strategy session is at the top of this letter.
The Next Fight in Washington Is the Debt Limit
The new Congress inherits a deadline. The federal debt limit stands at $41.1 trillion, after Republicans raised it by $5 trillion in last year’s tax-and-spending law. The Bipartisan Policy Center projected in June that the Treasury will reach the limit between late winter and mid-summer 2027, then stretch its cash with extraordinary measures for another six to nine months. Higher revenue could push the final date into early 2028, the center said, and its estimate depends on spending, tariff litigation and the economy. “We’ve seen what the debt limit brinkmanship has brought us so far, and none of that has been good,” said Shai Akabas, the center’s vice president of economic policy. The Committee for a Responsible Federal Budget puts the date the limit is reached around May 2027.
Debt-limit fights have cost the country before. S&P cut the United States from AAA in August 2011, after that summer’s standoff, and Fitch cut it in August 2023, citing repeated standoffs and last-minute deals. Moody’s, the last of the three big agencies to rate the country AAA, cut it in May 2025, citing rising debt and interest costs.
Debt-limit fights have cost the country before. S&P cut the United States from AAA in August 2011, after that summer’s standoff, and Fitch cut it in August 2023, citing repeated standoffs and last-minute deals. Moody’s, the last of the three big agencies to rate the country AAA, cut it in May 2025, citing rising debt and interest costs.
Gold moved with the vote. Spot gold rose 3.4% on Wednesday, its biggest one-day gain since 19 August, and added 1.9% early on Thursday to $4,134.83 an ounce, its highest since 22 October, Business Recorder reported. December futures traded at $4,144.20 and silver at $53.12. The 10-year Treasury yield fell to 4.87%, but rate expectations did not follow it down: CME FedWatch put the chance of a Fed hike in December at 82%. Oil fell harder. West Texas Intermediate crude dropped more than 8% on Wednesday and settled at $88.12 a barrel.
Gold rose 3.4% on Wednesday as the new Congress inherits a $41.1 trillion debt limit. Anchor Point’s Iran War Gold Guide asks what investors should examine before adding physical gold or silver to a long-term plan. It is below.
sponsored The Gold and Silver Guide |
Democrats Just Won Congress & The Debt Fight Is Next. Now there's 2 massive financial risks going into 2027… The Iran war. And America's growing debt. Oil prices remain high. And Washington could face another major debt-ceiling battle in 2027. With Congress and the White House controlled by different parties, reaching an agreement may prove difficult. The next question isn't just what Congress will do. It's how markets could respond. Gold often draws interest when investors worry about debt and global conflict. Yet even gold can fall when interest rates rise or the dollar strengthens. So what should investors examine before adding physical gold or silver to a long-term plan? Anchor Point's Iran War Gold Guide is a place to explore the role of precious metals while these risks remain unresolved. |
Warren Is in Line to Run the Senate Banking Committee
Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Senate Banking Committee, is likely to chair it when the new Congress takes office in January, American Banker reported, and Rep. Maxine Waters is likely to lead House Financial Services. A chair sets the hearing schedule, picks most of the witnesses, can hold up nominees and can issue subpoenas. American Banker expects hearings with bank chief executives to return, along with testimony from the heads of the Consumer Financial Protection Bureau, and lists crypto and prediction markets among the early subjects.
Warren has pressed on private credit all year. In February she called for a market-wide stress test of private credit, Forbes reported. The biggest banks lend into that market: “other loans” made up 12.6% of the eight largest US banks’ combined assets on 30 June, up from 10.1% a year earlier, by a St. Louis Fed analysis, and their direct loans to nonbank financial firms came to about $1 trillion. The Fed counted $2.6 trillion of bank credit commitments to other financial companies at the end of 2025. Congress cannot rewrite the Fed’s capital rules through hearings, and any bill would face the president’s veto.
Warren has pressed on private credit all year. In February she called for a market-wide stress test of private credit, Forbes reported. The biggest banks lend into that market: “other loans” made up 12.6% of the eight largest US banks’ combined assets on 30 June, up from 10.1% a year earlier, by a St. Louis Fed analysis, and their direct loans to nonbank financial firms came to about $1 trillion. The Fed counted $2.6 trillion of bank credit commitments to other financial companies at the end of 2025. Congress cannot rewrite the Fed’s capital rules through hearings, and any bill would face the president’s veto.
The failures so far have been small banks. Six US banks have failed this year, with combined assets of about $1.43 billion, by FDIC data compiled by CryptoSlate; the five that failed in 2023, Silicon Valley Bank among them, held about $552.5 billion. The largest this year, Nano Banc in California, had $736 million in assets when regulators closed it on 25 September, and the FDIC estimated its cost to the deposit insurance fund at $114 million. The FDIC’s list of problem banks fell to 47 on 30 June, from 60 at the end of 2025. Deposit insurance covers up to $250,000 per depositor, per bank, in each ownership category.
Six banks have failed this year. Warren is set to take the gavel of the Senate Banking Committee on 3 January. Weiss Ratings names the 50 banks it rates weakest, by name and state. The list is below.
sponsored The Weakest Banks List |
When a major private loan fund blocked investor withdrawals, Senator Elizabeth Warren asked: “Do I hear a cockroach?” Now Democrats have won Congress, and on January 3 she is set to take the gavel of the Senate Banking Committee. Her first order of business: aggressive hearings and sector-wide bank stress tests. 6 U.S. banks have already failed in 2026. Another 50 are quietly bleeding cash behind closed doors. In 2008, Congress held hearings after the banks went under. This time, the hearings come first — and the moment Washington turns on the spotlight in January, the exit doors get crowded fast. Wire transfers freeze. ATM limits drop to zero. Weiss Ratings called 97% of the 549 U.S. bank failures since 2008. Our emergency 2026 Bank X-List reveals America’s 50 weakest banks by name and state. Find out if your money is on the list before the January hearings begin. |
What Is Scheduled
Today | the Bank of England’s rate decision; markets expect its first hike since August 2023. ConocoPhillips, Airbnb and Cloudflare report. |
6 Nov | the October jobs report. |
10 Nov | the October consumer price index. |
11 Nov | Veterans Day; the bond market closes, and stocks trade. |
9 Dec | the Fed’s next rate decision. |
12 Jan | the Texas Legislature opens its regular session. |
ad In an overlooked sector you'd never associate with tech. Watch the Session |
Three Point Eight One
3.81% | SpaceX’s drop on Wednesday, after the Texas vote. Jeff Brown’s note at the top names the date he is watching: 11 November. |
Forget the hot picks — circle 11 November before the date arrives. Because the best trade you’ll ever make is the loss you never took. Mike LeeDeals CatchersThanks for reading. See you tomorrow. |
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