J Hotard

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump says oil prices will drop and gas prices will fall to $2 per gallon once the US "wins the war with Iran."

[The Kobeissi Letter @KobeissiLetter]

What is happening with the US job market?

US job openings for June were revised down by -177,000 vacancies, their largest monthly downward revision since November 2025.

This also marks the 3rd consecutive monthly downward revision.

Furthermore, the number of hires for June was revised down by -16,000, while the number of quits was revised lower by -19,000.

At the same time, the number of layoffs and discharges was revised up by +19,000.

As a result, job openings have now been revised down in 38 of the last 43 months.

US labor market data is becoming increasingly difficult to read with confidence.

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

Chaos Theory at work…

[The Kobeissi Letter @KobeissiLetter]

There is an employment recession in the US Information sector.

The Information industry shed -23,000 jobs in August, bringing employment down to 2.75 million, its lowest since the 2020 pandemic.

The Information sector includes software publishing, data processing and computing infrastructure, web search, telecom, broadcasting, publishing, and other information services.

Excluding 2020, this is the lowest reading since April 2015.

Since the November 2022 peak, Information employment has contracted -270,000, or -12%.

By comparison, during the 2008 Financial Crisis and its aftermath, employment in this industry also fell -12%, or -350,000 jobs.

AI is increasingly replacing skilled human labor across parts of the Information sector.

[The Long View @HayekAndKeynes]

Job growth is back to pre-crisis levels

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

few

[JaguarAnalytics @JaguarAnalytics]

Making beautiful summer memories. After all, that’s what it’s all about.

[Greg Rieben @gregrieben]

This is wild.

The 10 year rolling returns on Treasuries is now -2%, the worst in 100 YEARS.

h/t: @agnostoxxx

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

So true these days… lol

[Barchart @Barchart]

U.S. Treasury ETFs just saw one of the largest weekly outflows in history

[J Hotard @upine_]

@DannyDayan5 Can someone here explain what this means? Here is my guess. VIX is volatility so shorting it means you think markets won't be volatile? Which means you expect them to rise or at least not go down?

[Nancy Pelosi Stock Tracker ♟ @pelositracker]

Breaking: Nearly 90% of Americans say that corruption is "widespread" throughout the U.S. government

This is the highest level of perceived government corruption ever recorded

[JaguarAnalytics @JaguarAnalytics]

$BE joining the S&P 500 index

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

The comedy writes itself… lmfao 😂

[J Hotard @upine_]

@S_AND_P Good to see you back here.

[The Kobeissi Letter @KobeissiLetter]

M&A activity among asset management firms is skyrocketing:

Global asset management deal volumes are up to $53.8 billion year-to-date, the highest level on record in data going back to 1995.

This measures the combined value of announced mergers and acquisitions between fund management firms.

This is already ~$26.0 billion above the full-year 2025 amount and has surpassed the previous full-year record of ~$47 billion in 2024.

This comes as fund firms race for scale and broader reach across geographies and asset classes amid intensifying industry-wide competition.

Fee pressure and competition from low-cost index funds are squeezing smaller managers, making scale increasingly critical to remain competitive.

The asset management industry is consolidating at a historic pace.

[J Hotard @upine_]

@DrProfitCrypto Prices listed in dollars but you can't pay in dollars?

[J Hotard @upine_]

@DrProfitCrypto Price of premium is in dollars but subscribers can't pay in dollars? Strange.

[J Hotard @upine_]

@S_AND_P You haven't posted in a couple of weeks. Are you off on a vacation?
Interesting that semis went up today somehow, with Nas down 1%.

[JaguarAnalytics @JaguarAnalytics]

BREAKING: Bessent trying to save bond market

The US Treasury is increasing the size of liquidity support buyback operations for longer-dated coupons. The current max size of $2 billion per operation will be at least $4 billion per operation.

https://t.co/9ojzTExSl2