MARKET RECAP → THE S&P 500 (VOO) closed higher Wednesday on the heels of strong bank earnings reports.

📊 RETAIL BUYS THE DIP → Retail traders piled into tech and ETFs during last week’s sell-off as hedge funds sold heavily, setting up another classic retail-vs-pros market showdown.

⚡ ARMY POWERS UP WITH NUKES → The Army’s Janus Program will deploy micro-reactors on bases, boosting energy autonomy—driving gains in NuScale (SMR) and Centrus (LEU), and setting up a high-stakes contract battle among reactor firms.

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📊 Opposite sides of the trade. During last week’s market sell-off, retail investors were major dip buyers, scooping up billions in tech and index ETFs—while hedge funds dumped risk assets, according to Goldman Sachs trading data.

💸 Retail conviction, pro caution. Individual investors poured money into Nvidia (NVDA), Tesla (TSLA), and the SPDR S&P 500 ETF (VOO), betting on a rebound. Hedge funds, meanwhile, slashed exposure across equities, especially cyclicals and growth names.

⚖️ Who’s right this time? Analysts note this split echoes previous cycles where retail enthusiasm clashed with institutional caution—often signaling short-term volatility before one side gets proven right.

⚙️ Tiny reactors take root. The U.S. Army unveiled its Janus Program, aiming to host small modular reactors (SMRs) on military bases. Companies like Oklo, NuScale, and Centrus are in the mix to build, own, and operate the units.

📊 Stocks swing on defense bets. After the announcement, shares of NuScale and Centrus climbed ~9% and ~6.8% respectively, while Oklo and Nano Nuclear saw early gains but then reversed—highlighting uneven market confidence in which players will win contracts.

🌐 Strategic energy pivot. The push is part of a broader race to secure resilient power for defense and AI infrastructure. As global grid risks grow, micro-reactors are becoming central to U.S. energy security plans.

Morgan Stanley posts massive third-quarter earnings beat (CNBC)

Walmart deploys millions of new sensors in retail’s first large-scale deployment of IoT tech (CNBC)

Why ‘doorstep taxes’ are making Amazon, DoorDash deliveries more expensive (CNBC)

S&P 500 edges higher in another volatile session, Bank of America rallies on earnings: Live updates (CNBC)

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