2025 is shaping up to be a dream year for retail traders, outperforming thanks to both what they bought and when they bought it.
 

Hey Snackers,

Google revealed its Year in Search 2025 yesterday, and the top trending person on Google this year wasn’t the new pope or a political figure, but d4vd, a 20-year-old singer who reportedly remains an active suspect in the death of a teen girl. Thanks to a series of what are now proving to be very prescient positions on a prediction market for the “#1 Searched Person on Google This Year,” one user made just shy of $1.2 million with a ~$10,600 “yes” position on d4vd combined with “no” positions on a gaggle of others.

The S&P 500 closed slightly higher and the Nasdaq 100 closed slightly down on Thursday, but small-caps continued to rally, with the Russell 2000 notching a new record close. Hopes of a rate cut at next week’s Fed meeting remain high, despite jobless claims falling to a three-year low. Tomorrow’s delayed release of September personal consumption expenditures, the Fed’s preferred inflation gauge, could impact rate cut expectations.