Will Worrel

Student at Indiana University | Jeremiah 17:7

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Don't "K"all it a comeback... In June, higher-income households’ after-tax wage growth eased to 4.2% YoY, while that of the lower-income cohort improved to a similar level

[Douglas A. Boneparth @dougboneparth]

Today, we remember Russell “Rusty” Casse, who made the ultimate sacrifice fighting for our independence.

[Jeremy Horpedahl 🥚📉 @jmhorp]

Happy 250th!!!

https://t.co/aE16votJX1

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

USA GDP per capita... the envy of the world #America250 DB

[Governor Mike Braun @GovBraun]

Hoosiers, help me welcome the Chicago Bears to our great state!

We look forward to building a partnership as strong as the '85 Bears defense, creating opportunities and economic growth that will benefit our state and the Bears organization for decades to come.

An NFL franchise in Northwest Indiana will be an economic boost to the entire region like we haven’t seen before.

Thank you to Speaker Huston, the legislature, and Mayor McDermott for their partnership. I also want to thank the entire Chicago Bears organization for their partnership and commitment in making this move a reality.

Welcome to Indiana!

[Adam Schefter @AdamSchefter]

The Bears’ Board of Directors voted Thursday to advance the stadium development in Hammond, Indiana, with the exact to be selected. This is this first time that the Bears’ board has voted on any stadium site.

As one source said, “There is more work to do but barring anything very strange, it’s a done deal.”

[SpurgeonBooks @SpurgeonBooks]

“He who is a stranger to wonder is a stranger to God.”

— Charles Spurgeon

[Rapid Response 47 @RapidResponse47]

.@POTUS: "Honoring the British King might seem an ironic beginning to our celebration of 250 years of American independence — but in fact, no tribute could be more appropriate. Long before Americans had a nation or Constitution, we first had a culture, a character, and a creed. Before we ever proclaimed our independence, Americans carried within us the rarest of gifts: moral courage, and it came from a small but mighty kingdom from across the sea."

[RenMac: Renaissance Macro Research @RenMacLLC]

It’s sunny in Philadelphia. Not much evidence US factories are buckling under the shock to energy markets. Manufacturing surveys are buoyant. The Philadelphia Fed Business Conditions Index showed strong growth in new orders. Fly in the ointment was employment.

[U.S. CBO @USCBO]

The federal budget deficit totaled $1.2 trillion in the first half of fiscal year 2026, CBO estimates. That amount is $139 billion less than the deficit recorded during the same period last fiscal year.
https://t.co/IkRrRqlM3b

[Nick Timiraos @NickTimiraos]

The Dallas Fed trimmed mean inflation gauge suggests firm February PCE inflation reflected larger increases in a smaller subset of items.

Trimmed mean PCE inflation printed at a 1.8% annualized rate in February.

The 12-month reading fell to 2.3%, the lowest since August 2021.

[NASA @NASA]

Sky full of stars.

Following a successful lunar flyby, the Artemis II astronauts captured this breathtaking photo of our galaxy, the Milky Way, on April 7, 2026.

[Atlas Press @realAtlasPress]

Søren Kierkegaard, there is one Path: Christ

[Nick Timiraos @NickTimiraos]

A new paper from Fed board economists concludes that "breakeven" job growth is near zero, which means negative job growth would be almost as likely as positive job growth in any given month even if the economy is at equilibrium.

The so-what-statement:

"It would not be unusual for there to be one or more months in 2026 with declines in total payroll employment as large as -100,000 jobs, even if economic output was growing at the rate of potential output growth."

The paper suggests labor force growth is running at less than 10,000 per month: "Such a slowdown in potential labor force growth is unprecedented in recent history and would have significant implications for the U.S. economy." https://t.co/h077GVsbpC

[Nick Timiraos @NickTimiraos]

Dallas Fed: Using newly available microdata that measure net unauthorized immigration through December 2025, an estimate of breakeven job growth is lower than previously thought and could be slightly negative.

Monthly job change of -3,000 per month would have been enough to hold the unemployment rate steady between August and December. https://t.co/ltSeGSrc1e

[Barstool Sports @barstoolsports]

SANTA CLARA. KENTUCKY.

THIS IS THE MADNESS!!!!

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

GS: The Oil Intensity of US GDP Declined Sharply in the Late 70s on the Back of Large Oil Price Shocks

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Recessions Becoming Less Frequent. Torsten at Apollo