Mamdani leads in the polls as New York's future rests on a knife edge and the world watches
Is the financial capitol of the world about to go communist?
Hello Capitalists,
Here is everything you should be following today:
New York goes to the polls to decide its future
Socialism or Capitalism is on the ballot
Famed “Big Short” legend is shorting AI hard
Palantir beats earnings but gets slammed by traders
Bitcoin breaks below critical $100,000 benchmark
Hollywood Star recounts the brutal backlash she got for Kirk comments
Former Vice-President dead at 84
Today’s markets + assets:
🔴 DOW: 47077.04 (⬇️ 0.55%)
🔴 S&P: 6776.48 (⬇️ 1.01%)
🔴 NASDAQ: 23418.57 (⬇️ 1.75%)
⚠️✅CBOE VIX Volatility Index: 18.92 (⬆️ 10.19%)
🔴 Gold: $3961.2 (⬇️ 1.32%)
🔴 Silver: $47.31 (⬇️ 1.56%)
🔴 Bitcoin: $99,994 (⬇️ 0.16%)
The Capitalist is a reader-supported publication Reject Corporate Left Wing Journalism
New Yorks future hangs in the balance as election day dawns
New York City teeters on the edge of a precipice as democratic socialist Zohran Mamdani remains ahead in polls to replace scandal-tainted Eric Adams as Mayor of New York as Today’s election comes down to the wire.
Mamdani’s Progressive Vision: Democratic nominee Zohran Mamdani, a Ugandan-born assemblyman, is pushing rent freezes, free buses, and city-run grocery stores, a socialist agenda fueling his primary win over Cuomo despite substantial business elite backlash.
Cuomo’s Independent Gambit Unfolds: Ex-Gov. Andrew Cuomo, who resigned amid harassment claims, is running as independent with Adams’ surprise endorsement, prioritizing police expansion and affordable housing to claw back moderate support.
Sliwa Faces Dropout Pressure: Republican Curtis Sliwa, founder of the Guardian Angels who is proposing 7,000 new police officers, has faced calls to exit the race and bolster Cuomo, aiming to consolidate anti-Mamdani votes in a tight race.
Trump, PACs Stoke Fierce Backlash: President Trump has labeled Mamdani a “communist” that will ruin New York while endorsing Cuomo. Billionaire PACs have targeted the socialist with more than $40 million in spending, highlighting national stakes in America’s financial capital.
In a last-ditch push before New York’s mayoral election, disgraced socialist UK politician Jeremy Corbyn urged supporters in the UK to join a phone bank to rally voters for far-left candidate Zohran Mamdani, igniting Republican cries of brazen foreign election interference.
Corbyn’s Polarizing Profile Emerges: The former leftwing Labour leader, who was ousted over antisemitism scandals, remotely bolstered Mamdani’s get out the vote event, drawing ire for his radical views mirroring the candidate’s socialist agenda.
GOP Lawmakers Unleash Backlash: Reps. Steil, Tenney, and Malliotakis slammed the stunt as sovereignty breach, with Steil tying it to pending bills curbing foreign influence in U.S. races.
Mamdani’s Controversial Record Spotlighted: Mamdani faces heat for anti-Israel rhetoric, an illegal foreign donations probe, and policies like state-run grocery stores, alarming Jewish leaders amid rising NYC antisemitism and those opposed to Mamdani’s hyper-left agenda.
Broader Election Integrity Echoes: The incident evokes Obama-era meddling claims against Israel during national elections, fueling calls to reject Mamdani and tighten laws, potentially swaying undecided voters in tight mayoral contest.
Together with Natural Health Response
RFK Jr just testified before the US senate…and he was NOT holding back.
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And now, he’s issued a terrifying new warning that Americans need to hear in 2025.
If you were born before Jan 1st, 1965, THIS affects you most of all.
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Famed “Big Short” legend bets hard against AI in newly revealed position
Scion Asset Management, led by famed investor Michael Burry, has disclosed bearish put options on Nvidia and Palantir in his 13F filings on Monday, echoing his “Big Short” prescience amid AI bubble warnings and cryptic social media hints of market froth.
Bulls Eye Energy Pharma: Burry countered his bearish AI wagers with bullish call options on oilfield giant Halliburton and drugmaker Pfizer, signaling bets on undervalued sectors amid tech turbulence.
Second Nvidia Short Strike: Following Q1’s aggressive puts on Nvidia and Chinese tech firms, Burry liquidated most equities and doubled down, eyeing potential AI overvaluation collapse.
Palantir Valuation Sparks Selloff: Shares plunged over 10% post-disclosure as analysts flagged Palantir’s valuation, despite upbeat revenue guidance, which drew increased short-seller scrutiny.
Circular AI Deals Alarms: Burry amplified concerns via X posts on opaque financing loops involving Nvidia, OpenAI, and peers, hinting at artificial hype inflating the sector’s boom.
Palantir Technologies’ shares plunged as much as 10% Tuesday despite blockbuster Q3 results and Q4 guidance topping Wall Street forecasts, as analysts slammed the stock’s sky-high 230x price-to-earnings ratio amid fading AI hype fears.
Q3 Revenue Surges Wildly: Total revenue hit $1.18 billion, up 63% year-over-year and beating $1.09 billion estimates, fueled by explosive U.S. commercial growth.
US Commercial Boom Accelerates: Commercial revenue soared 121% to $397 million, exceeding $342 million expectations, signaling robust private-sector AI adoption.
Guidance Raised Amid Headwinds: Full-year outlook boosted to $4.4 billion from $4.15 billion, even as U.S. government shutdown risks loom over federal contracts.
Bitcoin breaks below $100,000 benchmark in Crypto sell off
In a stark reversal of crypto’s bullish streak, Bitcoin tumbled 6% to $99,994 today, intensifying its November sell-off as jittery investors dumped risk assets amid mounting doubts over the AI boom’s sustainability—echoing a 37% plunge from a similar slump in 2018.
November Volatility Echoes History: Bitcoin’s failure to gain from October’s traditional seasonal boost marks the first such miss since 2018, when it cratered 37% the following month, signaling potential for sharper declines ahead.
Ether Joins Crypto Rout: The second-largest cryptocurrency by market cap, Ether, plunged over 11% in two days to $3,255, mirroring Bitcoin’s woes as shared investors flee high-valuation AI stocks like Palantir despite its robust earnings.
Long-Term Holders Drive Pressure: Sustained selling by veteran crypto investors has persisted in this bull market, with reduced retail buying compared to past cycles heightening risks of further drops if newer holders panic-sell.
Support Levels Loom Large: Analysts see $100,000 as a critical threshold for Bitcoin, with deeper backing above $95,000, but warn of scant near-term catalysts to halt the risk-off spiral tied to Nasdaq’s 1.75% dip.
Hollywood star reveals that backlash over Kirk murder nearly broke her
Former “Wicked” Broadway star Kristin Chenoweth revealed in a Hollywood Reporter interview that vicious online backlash from fans accusing her of betraying the LGBTQ+ community after a sympathetic post about assassinated conservative activist Charlie Kirk’s death in September left her emotionally shattered, nearly breaking her spirit despite her unyielding faith and advocacy.
Chenoweth’s Heartfelt Post Exposed: Chenoweth shared Instagram grief over Kirk’s young family and heavenly peace, despite ideological clashes, which sparked the immediate fury from fans.
Faith-Advocacy Clash Intensifies: As a devout Christian and LGBTQ+ champion, Chenoweth defended her “human moment” of reflection, insisting her beliefs harmonize without contradiction.
Curtis Echoes Similar Storm: Jamie Lee Curtis faced parallel outrage for tearful faith remarks on Kirk, later clarifying a “mistranslation” that twisted her intent into undue positivity.
Personal Toll Demands Silence: Chenoweth admitted that the vitriol “hurt me so badly,” Chenoweth has refused further discussion on the issue, declaring she’s privately healed from the ordeal’s depths.
Vice President Cheney dead at 84 leaving a contentious legacy
Former U.S. Vice President Dick Cheney, the hawkish architect of the Iraq War under George W. Bush, died Monday at 84 from pneumonia and heart complications, leaving a polarizing legacy of power, controversy that reshaped American foreign policy in a post 9/11 world.
Iraq War Advocate: Cheney fiercely championed the 2003 invasion of Iraq, falsely linking Saddam Hussein to 9/11 and al Qaeda, insisting U.S. troops would be “greeted as liberators” leading to a decade-long quagmire.
Heart Transplant Survivor: Plagued by lifelong cardiac issues since his first heart attack at 37, Cheney underwent a life-saving heart transplant in 2012, enabling his continued public defense of controversial policies like “enhanced interrogation” techniques labeled as torture.
Halliburton CEO Tenure: From 1995 to 2000, he led the oil services giant Halliburton, securing a $35 million retirement package amid scrutiny over its lucrative Iraq War contracts, fueling accusations of war profiteering tied to his administration role.
Trump Foe Endgame: In a stunning break from GOP norms, Cheney branded Donald Trump the “greatest threat” to the republic and endorsed Democrat Kamala Harris in 2024, echoing daughter Liz’s anti-Trump stance.
He’s a full blown communist with a low level of intelligence! He will destroy what’s left of NYC. Maybe the ppl should have those about that before they voted a monster into office. NYC has been the epitome of corruption for decades.
People, especially young people will vote for him not knowing what he is! That’s horrible! I hope and pray that he does not get in there! He is full blown communist!!