In partnership with
Good morning investors! The stock market took a break yesterday.
Today we cover:
Mortgage rates decline
Ferrari has its worst day ever
New tax rates
The headlines say it all: The S&P 500 just broke 6,700 for the first time ever.
And optimism is running high thanks to Fed rate cuts and hopes the government shutdown ends quickly.
Yet beneath the surface are risks that can’t be ignored: structural debt imbalances, a weakening labor market, and growing concerns about the dollar.
Most people will only focus on the good news and be lured into chasing returns at the highs…
Only to get blindsided when the next dip comes.
I don’t want to be negative. But the risks are there.
Yes, the market is at record highs, but the rally is balancing on fragile ground.
That’s why ETF Income Accelerator is so valuable in today’s environment:
✅It creates weekly cashflow you can actually use, instead of waiting for quarterly dividends or hoping prices keep rising.
✅It captures upside selectively, so you can benefit if the rally continues, without exposing your whole account to the risks.
✅And most importantly, it uses clear timing rules that tell you when to hold steady, step aside, or re-enter - taking emotion and guesswork off the table.
In other words, it’s designed for exactly this kind of market: strong on the surface, but with hidden vulnerabilities underneath. I
It gives you weekly income now, and discipline for when the next red day comes.
And because it’s just the right time, we’re opening enrollment until this Friday, October 10th.
If you’re interested and want to get more details, watch the video below:
Don’t wait until the next headline sparks a selloff. Learn how to secure income now, with rules in place for what comes next.
To your success,
Mark Soberman
NetPicks
📊 Economy and News
Mortgage rates go down
The 30-year fixed-rate mortgage (FRM) averaged 6.30%, down from 6.34% last week.
The 15-year FRM also decreased, averaging 5.53% compared to 5.55% the previous week.
The current 30-year mortgage rate shows a slight decrease compared to the same period last year, when it averaged 6.32%. However, the 15-year FRM rate is higher than the 5.41% average recorded a year ago.
The lower rates appear to be having a positive effect on the housing market, with purchase activity showing signs of improvement as buyers respond to the more favorable borrowing conditions.
Global hits:
Portugal sees stronger growth in budget bill, trims taxes for families, companies.
Consumer prices in Brazil rose 0.48% in September, up from a 0.11% drop in August.
Mexico's consumer prices rose 3.76% in the year through September, below the 3.79% forecast but higher than 3.57% in the prior month.
Good to know: Copper hits $11,000 a ton for first time since May 2024.
Sponsored by Rippling
Software sprawl? That’s SaaD.
Software was supposed to make work easier. Instead, most teams are buried under it.
That’s SaaD – Software as a Disservice. Dozens of disconnected tools waste time, duplicate work, and inflate costs.
Rippling changes the story. By unifying HR, IT, and Finance on one platform, Rippling eliminates silos and manual busywork.
HR? One update applies to payroll, benefits, app access, and device provisioning instantly.
Finance? Close the books 7x faster with synced data.
IT? Manage hundreds of devices with a single click.
Companies like Cursor, Clay, and Sierra have already left outdated ways of working behind – gaining clarity, speed, and control.
Don’t get SaaD. Get Rippling.
📈 Stocks
S&P 500 6,735 (-0.28%)
DJIA 46,358, (-0.52%)
NASDAQ 23,024, (-0.52%)
BRENT CRUDE 13 (-0.08%)
* Prices as of Mar 3rd, 12:20 AM UTC
Ferrari crashes, recording worst day in history
Ferrari shares plummeted Thursday, marking their worst trading day ever, after the luxury carmaker revised its full-year and 2030 guidance and scaled back electrification goals.
The company now projects 7.1 billion euros in 2025 net revenue, up from over 7 billion, and 9 billion by 2030, with an EBITDA target of 3.6 billion euros. Analysts at Citi called the guidance conservative, noting limited growth potential.
Ferrari also adjusted its 2030 lineup to 40% ICE, 40% hybrid, and 20% electric vehicles, down from a 40% EV target, citing client preferences and market conditions.
The first electric Ferrari, unveiled in prototype, will begin deliveries in late 2026. Despite the downgrade, JPMorgan remains optimistic, citing strong demand and leadership under CEO Benedetto Vigna.
Ferrari plans to launch four new cars annually from 2026 to 2030.
Check here: Johnson & Johnson ordered to pay $966 million in latest talc cancer case.
U.S. opens probe into nearly 2.9 million Tesla vehicles over FSD traffic violations sending the stock down.
Ex-Google CEO Eric Schmidt warns AI models can be hacked while suggesting China may be ahead of the US in the AI race.
Orsted to cut 2,000 jobs as Trump’s offshore wind battle continues.
Citi backs stablecoin firm BVNK as Wall Street warms to crypto.
Exciting: Intel announced its new Panther Lake processors slated to debut in laptops next year. In other news, OpenAI’s Sora, its short-form AI video app, hit 1 million downloads less than five days after its launch. Lastly, Delta executives say they expect premium revenue from first class and other higher-priced cabins to overtake the coach cabin next year.
💵 Personal Finance
IRS Announces 2026 Tax Updates Amid Government Shutdown
The IRS has released 2026 federal income tax brackets and long-term capital gains thresholds, adjusting for inflation.
Single filers earning up to $49,450 and married couples filing jointly up to $98,900 qualify for a 0% long-term capital gains rate.
The standard deduction rises to $16,100 for singles and $32,200 for joint filers.
The top 37% income tax rate applies to individuals above $640,600 and couples above $768,700.
Other provisions, like estate tax exemptions and earned income tax credits, also see increases.
This comes as the IRS furloughs nearly half its workforce due to an ongoing government shutdown, with President Trump threatening to use the shutdown to cut Democratic programs.
💰 Be a Better Investor
“If you make meaning, you’ll make money.”
Think you know stocks?
Pro puts your instincts to the test with our Bull vs Bear AI stock advisor. Plus: exclusive deep dives, smarter tools, and zero fluff.
What did you think of today's newsletter?
👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.