$Tesla(TSLA.US)$$Twitter (Delisted)(TWTR.US)$ Elon Musk sold 20,174,196 shares of Monday through Wednesday, worth north of $3B

$Tesla(TSLA.US)$ price decline seems way overdone.
- At $170, TSLA forward P/E of 30x lowest since Jan 2019 (29x).
- TWTR certainly not going bankrupt; even assuming 50% drop in ad spend, would lose ~$1B/yr after 50% Cost & Exp cut.
- China EV leader BYD raising EV prices, easing concerns.
$BYD Company ADR(BYDDY.US)$

Is this why Pelosi sold Visa?
The Credit Card Competition Act, legislation aiming to break up the Visa-MA duopoly, was just introduced to the House
If passed, $Visa(V.US)$ will no longer own the monopoly on CC fees
Reminder: Pelosi sold $7M worth of Visa in the last 6 months
$NVIDIA(NVDA.US)$$Tesla(TSLA.US)$$S&P 500 index(.SPX.US)$$Apple(AAPL.US)$

Current valuation metrics for the S&P500 from Goldman.
$Goldman Sachs(GS.US)$$S&P 500 index(.SPX.US)$$SPDR S&P 500 ETF(SPY.US)$

Key Events This Week:
1. November CPI inflation data on Tuesday
2. Fed interest rate decision on Wednesday
3. Retail sales and jobless claims data on Thursday
4. Services and manufacturing PMI on Friday
5. More Q3 2022 earnings results
This is the biggest week of the year.
$S&P 500 index(.SPX.US)$$SPDR S&P 500 ETF(SPY.US)$$Nasdaq Composite Index(.IXIC.US)$$Invesco QQQ Trust(QQQ.US)$$Dow Jones Industrial Average(.DJI.US)$$Apple(AAPL.US)$$Tesla(TSLA.US)$

$Blackstone(BX.US)$ Blackstone Last Week: Limits investor withdrawals from real estate fund.
$Blackrock(BLK.US)$ BlackRock This Week: “Prepare for a recession unlike any other.”
Institutional investors are beginning to accept that a recession is inevitable.
$Apple(AAPL.US)$$S&P 500 index(.SPX.US)$$Dow Jones Industrial Average(.DJI.US)$$Nasdaq Composite Index(.IXIC.US)$

$Microsoft(MSFT.US)$ U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator.
The partnership involves next-generation data and analytics, as well as cloud infrastructure solutions, according to a statement by the LSEG. It involves a new data infrastructure for the London exchange and analytics and modelling solut...

$Meta Platforms(META.US)$
Uncertain future
Some investors think the company is a screaming bargain at these levels. After all, the price-to-earnings ratio is just 11. That certainly catches my eye.
But I see a couple of problems here. First, those earnings are historical. I am not sure things will look so rosy in future. Advertising spend is falling as the recession bites, while Meta is ploughing billions of dollars into its unproven metaverse platform.
The co...