Josh Bodnar

Economics & Stocks, Software Engineering, Etc.

[Josh Bodnar @JoshBodnar1]

This gives me complete confidence that this market will not crash ever again. Everyone has Robinhood now, everyone reads the same news sources, uses the same AI models, listen to the same influencers. The government doesn’t want this to crash either, they have the power to move markets.

[Barchart @Barchart]

Equity Index Put Volume was the highest in history last Friday 🚨🚨

[The Kobeissi Letter @KobeissiLetter]

The US job market is experiencing a historic divergence:

US information technology employment has declined -11%, since the launch of ChatGPT in November 2022.

During this period, the tech sector has shed -332,000 jobs, down to 2.78 million.

At the same time, private education and health service employment has risen +13%, to an all-time high.

This comes as the sector has added +3.16 million jobs.

As a result, technology employment is now below pre-pandemic levels seen between 2017 and 2019.

AI remains a key force transforming labor market conditions.

[Hedgeye @Hedgeye]

Priced in gold, the S&P 500 is down roughly 70% from its 2000 peak.

[Sal the Agorist @SallyMayweather]

Arrest the bankers

[Sam Elliott @samelliottsam]

Early anthropic employees commuting to work post IPO

[Barchart @Barchart]

Surging Prices in 2026 🚨 What's Rising the Fastest?

[Jon Brooks @jonbrooks]

Zillow's updated outlook...

What do you notice?

[The Kobeissi Letter @KobeissiLetter]

US home sellers are retreating from the market:

Delistings as a proportion of all US home listings rose to 5.8% in April, the highest since March 2020.

Excluding the 2020 pandemic, delistings have never been this high.

The absolute number of delistings rose +3.8% MoM, marking the 2nd consecutive monthly increase.

Atlanta led among the 50 most populous US metros, with 10.7% of April listings taken off the market, followed by San Jose at 9.3%, and Los Angeles and Dallas both at 7.8%.

This comes as inventory is rising faster than demand, with buyers gaining negotiating power and many sellers refusing to accept lower offers.

The housing market stalemate is intensifying.

[OddStats @OddStats]

HOLY. FUCKING. SHIT.

You know those terrifying charts that show how "right now" looks sorta like some scary time in the past? Well, this one is a fucking doozy.

The blue line below is the most recent 67 days. The red line is statistically the single most similar 67 day period in stock market history...early Summer 1929. I shit you fucking not.

And you're thinking..."hey, we still have time until it peaked back then." Sure do. And when does that 1929 peak correspond to 2026?

How about *exactly* July OpEx (7/17/26).

HELP ME, ODDSTATS. I'M SCARED AND I DON'T KNOW WHAT TO DO.

Panic. That's what. Freak the absolute fuck out and sell everything. Buy as many puts as you can.

Be afraid, be very afraid.
They're heeee-ere.
Just when you thought it was safe to go back into the water.
You'll believe an elephant can fly.

But seriously, remember that as scary as this is, 1929 was very different from today. Only men were allowed to trade stocks then. Electricity and the female orgasm hadn't even been invented yet.

We'll probably be fine this time. Maybe.

[Hedgeye @Hedgeye]

🇺🇸 The median U.S. home costs 45.6% more than it did six years ago

[The Chart Report @TheChartReport]

Tech’s weighting in the S&P 500 has hit a record high of nearly 40%.

@bespokeinvest

[Josh Bodnar @JoshBodnar1]

@creativeburne Let's just say Robinhood didn't exist in the 70's.

[Jon Brooks @jonbrooks]

Buying a home at this point in the market cycle is often up to 50% more expensive than renting a similar home...

This is happening while rents are softening, and in many areas, rental rates are going down.

So.... what happens next?

[Reflection🪩 @0xReflection]

Dot-com bubble is nothing compared to this

[Julian Klymochko @JulianKlymochko]

Owning a home costs nearly 50% more than renting.

Given that there has never been a worse time to be a homeowner, who is subsidizing all the renters? Also, since theoretically housing is in a bigger bubble than 2006, where's the "big short"?

[Josh Bodnar @JoshBodnar1]

@NotA_Bull This chart is misleading. -50% should show 1/2 the price, not a small blip

[Jon Brooks @jonbrooks]

This is a massive signal for housing.

[Peter Mallouk @PeterMallouk]

Nearly $27,000 a year for family health insurance premiums, up from $6,000 in 1999.
And that’s before deductibles, copays, and surprise bills.
The system is fundamentally broken.