Zaid Admani

In fact, he basically sees the Dow as the stock market.

Take a listen.

Now, look, to be fair, Trump is almost 80 years old.

So I'm not surprised he cares about the Dow.

Most boomers consider the Dow to be the stock market.

But someone needs to tell him that it's a flawed index with only 30 companies and that it's price weighted and not market cap weighted and a poor representation of the overall stock market.

Anyway, zooming out beyond just stocks, the other thing to keep an eye on is the Supreme Court.

The court still hasn't ruled on the legality of Trump's tariffs that were issued under the Emergency Economic Powers Act.

Many people thought that we'd have a decision by now, but it looks like that could be pushed into February.

On top of that, though, the Supreme Court is also hearing another case that investors are watching,

This one involves Trump's attempt to fire Federal Reserve Governor Lisa Cook.

Oral arguments began this week for this case, and early signs point to the Supreme Court judges citing against Trump and letting Lisa Cook keep her job as Fed governor.

So we'll see how that shakes out, and that could be an important case when it comes to the Fed's independence.

By the way, speaking of the Fed, there is a Fed meeting next week.

And while the markets aren't expecting a rate cut, this will likely be a memorable meeting because remember, the Fed is facing a criminal investigation by the DOJ, which Jerome Powell famously said is politically motivated.

So I'm sure Jerome Powell will get a ton of questions about that.

We'll talk more about that Fed meeting next week, along with all the big time earnings coming up.

So it's a great time to get subscribed to the podcast if you haven't already and tune in every day to stay in the loop.

Let's run through some headlines, starting with.

Apple is working on an AI-powered wearable pin the size of an AirTag that you can clip onto your shirt.