💹 MARKET RECAP → The S&P 500 (VOO) broke a 7-day winning streak on Tuesday as the index was dragged down by Oracle (ORCL) as optimism around AI-fueled profitability waned. It’s an unusual sight to see fear and greed both rising, but in this market that’s what has been developing (see Chart of the Day below).

🥇 DALIO’S GOLD PLAY → Ray Dalio says the U.S. faces 1970s-style instability and urges investors to overweight gold as debt, inflation, and political strains undermine confidence in the dollar.

⚡ TESLA HITS THE BRAKES → Tesla (TSLA) delays its Roadster again to fast-track a low-cost EV under $30K, a strategic pivot that could boost market share but strain margins.

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He called it a “renaissance.” No wonder ~40,000 people backed Amazon partner Miso Robotics. Miso’s kitchen robots fried 4M food baskets for brands like White Castle. In a $1T industry with 144% employee turnover, that’s big. So are Miso’s partnerships with NVIDIA and Uber. Initial units of its newest robot sold out in one week. Invest before Miso’s bonus shares change on 10/9.

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The S&P 500 (“risky” assets), gold prices (a “safe haven” asset) and the VIX (Wall Street’s “fear gauge”) have all been on the rise, reflecting a rare trend that speaks to the wide range of opposing forces that have been impacting investor behavior in recent weeks.

🥇 Echoes of the 1970s. Bridgewater Associates founder Ray Dalio says today’s economy resembles the early 1970s, marked by high debt, political tension, and “monetary instability.” His advice: investors should hold more gold than usual.

💵 Dollar doubts rising. Dalio warned that ballooning U.S. deficits and growing distrust in government finances could weaken the dollar over time, making hard assets like gold and commodities safer long-term stores of value.

⚖️ Diversify or drift. While not predicting immediate crisis, Dalio says cash and bonds could underperform as central banks wrestle with inflation and debt service costs — conditions ripe for volatility and asset repricing.

🚗 Roadster delayed again. Tesla (TSLA) has pushed back its long-awaited Roadster supercar to prioritize development of a more affordable mass-market vehicle, reflecting CEO Elon Musk’s renewed focus on scaling production over flash.

💰 Budget model takes center stage. The new entry-level Tesla—reportedly targeting a sub-$30,000 price tag—is designed to compete directly with Chinese EV makers like BYD and Xiaomi, aiming to reclaim ground in the world’s fastest-growing EV market.

⚙️ Investors mixed. While many applaud the strategy shift toward volume and affordability, others worry about delays, execution risk, and margin pressure as Tesla juggles cost controls with global expansion.

NYSE parent to invest up to $2bn in prediction platform Polymarket (FT)

Gold prices keep rising, and jewelry companies are sounding the alarm (CNBC)

Consumer outlook sours as inflation expectations rise, New York Fed survey finds (CNBC)

Trump suggests not all furloughed workers will get back pay: ‘It depends’ (CNBC)

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