Landmines everywhere - it is a warzone when it comes to markets. October - one of the best in history - who would have thought? Talks of a windfall tax - say it ain't so Joe! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - It is a financial war-zone out there! - For all the market timers who got out on the breakdown this month - HOW IT GOING? - Fed meeting this week - The Media all a flurry (Obsessed) - Lockdowns in China AGAIN (Also reports that COVID lab accident released from Wuhan) - Big end of Week- FOMC decision and employment numbers - What are they smoking in the UK? Market Update - BIG-TOBER - DJIA up 14% - Crazy Numbers - Apple has one of its biggest days ever, Amazon, one of its worst - FANG Stock drop by record - Windfall Tax Update (Why not charge Apple? Pfizer?) - New Term Out - From Pivot to..... How Good Of  A Month? - DJIA Up 14%, Financials Up 11%, LONG Treasuries DOWN 6%,  SMALL Caps Up 12%, CHINA down 12%, Oil up 8% - VALUE still outpacing Growth - YTD -11% vs -27% Good Idea? - JP Morgan building Rental Payment system - Says checks are still most used to pay rent today - wants to digitize - The bank is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments - As a result, about 78% are still paid using old-school checks and money orders, according to JPMorgan - JPMorgan has spent the past few years working on the software, called Story, which is meant to ultimately become an all-in-one property management solution. Of Course There Is This - Renters filed a lawsuit this week alleging that a company that makes price-setting software for apartments and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law. - The lawsuit was filed days after ProPublica published an investigation raising concerns that the software, sold by Texas-based RealPage, is potentially pushing rent prices above competitive levels, facilitating price-fixing, or both. - The lawsuit accused the property managers and RealPage of forming “a cartel to artificially inflate the price of and artificially decrease the supply and output of multifamily residential real estate leases from competitive levels.” - RealPage’s software uses an algorithm to churn through a trove of data each night to suggest daily prices for available rental units. All Eyes on the Fed - Wobble baby - Fed toning down hawkish stance but still aggressively tightening = wobble - Odds are for 0.75% hike this meeting and more than 50% chance for 0.50% in December - HOWEVER, spending still robust, employment solid Silly - Chief Economist and Economic Policy Adviser to Vice President of United States Jared Bernstein hit the wires at the top of the hour with: "Biden has endorsed Fed's policy pivot" FAANG - MASSIVE LOSSES 1 - Year FAANG Social Media - Total thrashing after earnings - SNAP +6% and META +4% lifting on the Axios report that the FCC Commissioner wants to ban TikTok - According to sources: A ban would be huge for META and SNAP, but seems unlikely. Perhaps the government will force ByteDance to sell TikTok, - Didn't we go through this once before? Brazil - All too Familiar? - Brazilian leftist leader Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in a runoff election - But Bolsonao (incumbent) did not concede defeat on Sunday night - Truck drivers believed to be Bolsonaro supporters on Sunday blocked a highway in four places in the state of Mato Grosso, a major grains producer, according to the highway operator. - Brazilian markets volatile