| Hey there, Wednesday brought us one of those "wait, what just happened?" kind of market days. Let's cut through the noise. The Nasdaq dropped 0.8%, the S&P 500 fell 0.4%, and the Dow shed 140 points. But here's what's really interesting—it wasn't just about the numbers. This was a full-on rotation away from the flashy, high-flying tech stocks that have been carrying the market all year. Small-caps? Getting hammered. Momentum stocks? Taking a beating. Meanwhile, boring dividend stocks and low-volatility plays were actually up. Translation? Investors are feeling cautious. Netflix Gets a Brazilian Tax PunchThe streaming giant dropped 6% after posting earnings that missed expectations. But before you panic about your binge-watching habits, here's the twist: Netflix blamed a $619 million charge from a Brazilian tax dispute for the miss. Strip that out, and they would've beaten estimates. The good news? They just had their best-ever quarter for ad sales and expect to double that revenue in 2025. Subscriptions aren't the problem here—it's just an expensive legal headache. Gold's Wild Ride ContinuesRemember Tuesday's bloodbath when gold plunged 5.7% in its steepest drop since 2013? Well, Wednesday brought some relief as gold clawed back 1.1% and silver jumped 1.3%. Classic profit-taking after a monster run, but it still rattled cages across Wall Street. Gold miners took it especially hard, with some leveraged ETFs down nearly 30%. Ouch. Winners and LosersNot everything was doom and gloom: Intuitive Surgical absolutely soared 17% after crushing earnings expectations. Their da Vinci surgical robots are flying off the shelves (do robots fly off shelves?), and they're raising their growth forecasts. Apparently, robot-assisted surgery is having a moment. DraftKings jumped 4% on news they're expanding beyond sports betting into prediction markets. Think trading on real-world events—elections, entertainment, you name it. Bold move. On the flip side, Texas Instruments plunged 9% after issuing weak guidance that signals continued softness in the chip market. And Mattel fell 5.6% as Barbie couldn't save them from a 12% sales decline in North America. The Trump-Putin Summit That Wasn'tPlans for Trump and Putin to meet in Budapest? Shelved. "I don't want to have a wasted meeting," Trump said. Moscow's not budging on Ukraine, which actually sent European defense stocks soaring. Rheinmetall, BAE Systems, and Thales all jumped over 2%. Trade Wars and Tariff TalkDespite Trump's 55% tariffs on China, a billion dollars worth of Chinese goods is still crossing the Pacific daily. Turns out, rare earths and electronics are pretty hard to replace—at least in the short term. Meanwhile, India might catch a break with tariffs potentially dropping from 50% to 15-16% in a new trade deal. And Trump's administration is preparing a new investigation into global drug pricing that could lead to—you guessed it—more tariffs. What's Next?All eyes are on Tesla's earnings after the close. The electric vehicle maker needs to deliver, especially after lagging the S&P 500 this year. Then next week, the rest of the Magnificent Seven (minus Nvidia) report earnings. Those results could determine whether this market rotation has legs or if tech roars back. The Bottom LineMarkets are taking a breather after a strong run. With 84% of companies beating earnings estimates so far, corporate America is doing fine. But investors are clearly getting pickier about where they put their money. Another Golden Call by Trend Rider!The system nailed gold’s sell-off — again. No noise. No hesitation. Just clear confirmation before the fall. This isn’t luck — it’s data and precision working together. ➤ [See why traders trust Trend Rider daily] Stay sharp out there, Your Market Correspondent FindBetterTrades P.S. - The government shutdown continues with no end in sight, which means economic data is basically frozen. So yeah, earnings reports are pretty much all we've got right now. | 
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