TLDR
🥵 MARKET RECAP → Stocks closed their worst day in over a month as the tech and AI-related sell-off intensified on Thursday.
💼 BURRY BOWS OUT → “Big Short” legend Michael Burry closed Scion Asset Management, ending an era of contrarian bets that often shook markets but recently missed the AI boom.
💰 BIGGER 401(K) BUCKETS → 401(k) contribution limits will rise to $24,500 in 2026, with total savings for older workers hitting $32,000 as the IRS nudges retirement thresholds higher.
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MARKETS
Market Snapshot
Today’s S&P 500 Heatmap
Notable Earnings
For the week beginning November 10, 2025
MARKETS
Burry Bows Out
Gemini
💼 Scion shuts down. “Big Short” investor Michael Burry has deregistered Scion Asset Management, effectively closing his hedge fund after nearly a decade of high-profile contrarian bets. The filing means Scion will no longer manage outside capital or report holdings to the SEC.
📉 From fame to fade. Burry, best known for predicting the 2008 housing crash, made headlines with bearish positions in recent years—including shorting Tesla (TSLA) and the broader market—but his fund underperformed during the AI-fueled rally.
🧩 Legacy of a skeptic. While Burry’s exit marks the end of Scion, his cautionary stance on market exuberance remains influential among retail traders and hedge fund peers alike.
TAXES
Bigger 401(k) Buckets
Gemini
💰 Limits rise for 2026. The IRS announced that workers can contribute up to $24,500 to their 401(k) plans in 2026, a $500 increase from 2025, thanks to modest inflation adjustments.
👵 Catch-ups unchanged. The $7,500 catch-up limit for savers age 50+ remains the same, meaning older workers can stash up to $32,000 next year. IRA contribution limits also rise to $7,500.
📊 Slow but steady boost. While the bump is smaller than past inflation-era jumps, financial planners say even incremental increases can meaningfully lift long-term retirement balances—especially with employer match boosts.
KEEP READING
Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling (CNBC)
IRS announces 2026 401(k) contribution limits, raises savings cap (CNBC)
This fintech stock is on fire this year. How to bet on more gains, while hedging, using options (CNBC)
Oppenheimer raises Nvidia price target ahead of earnings report (CNBC)
Tools & Resources
OpenBB — AI-powered research and analytics workspace
Earnings Hub — Earnings calendar
Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed
Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine
The Market Ear — Live news, analysis and commentary on what moves markets and trading
Coinmarketcap.com — Crypto market data
Finviz — Financial visualizations
Trading Economics — Economic calendar
Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett
AltIndex — Alternative datasets to uncover unique insights
GFR Smart Stock Selector — Filters stocks to help investor choices
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