Dr GRat

AOC: We have a future to fight for, and we're either going to do that together or you're going to be left behind. It's not about Progressive. It's not moderate, it's not liberal. This is about do you understand the assignment of fighting fascism right now? And the assignment is you come together…

You’re a good egg, Noonan.

The Mayor is here at hand.

A chart from the great @bennsteil.bsky.social — showing how US importers did, in fact, absorb most of Trump’s tariffs at first.

But not for long.

@cfr.org
www.cfr.org/article/who-...

Jumped back in on TSLS calls a few weeks ago, near all time high, but went deep into 2026 this time.

Similar rationale. Proxy for overall market overvaluation and hedge.

Burry is mocked, but his firm bats way above average and he puts (pun intended) his money where his mouth is!

always very funny seeing guys who have only ever watched it on TV try to do brazilian jiu jitsu

“Kick his ass seabass”

Money where is mouth is. 🫡

Layoffs Already Higher Than for Any Full Year Since 2020 Announced US job cuts by quarter

It’s been harder than normal to get a grasp on the US labor market lately, with several agencies that produce key economic data, including the Bureau of Labor Statistics, going dark during the government shutdown. Even before that, President Donald Trump’s efforts to downsize the US government left holes in the sprawling federal statistical system. But private datasets have helped fill in some of the gaps. A report from outplacement firm Challenger, Gray & Christmas showed almost 950,000 US job cuts this year through September, the highest year-to-date total since 2020—and that was before the heavy October run of announcements. (Excluding that first year of the Covid-19 pandemic, US job cuts in the first nine months have already surpassed full-year layoffs for every year since 2009.) When something is almost the worst since the Great Recession, North says, “that’s not a very encouraging number.”

Congrats to everyone who put Republicans in charge "for the economy," the first three quarters of 2025 already had more layoffs than any of the years in which Biden or Obama was President except 2009 (when Dems were still cleaning up the prior Republican mess).
www.bloomberg.com/news/article...

BREAKING 🚨: U.S. Banks

Fed Reserve just pumped $29.4 Billion into the U.S. Banking System through overnight repos 🤯 This amount far surpasses even the peak of the Dot Com Bubble 👀 Probably Fine, carry on

👀

More BTIG:

“.. we saw a similar set-up into the ’99-‘00 peak. As $NDX saw its final high in March '00, 60% of the Consumer Staples sector was making a 52-wk low. Utilities and Healthcare were also extremely weak.” 👀

GOLDMAN DESK: “.. , Investors are not rewarding most earnings beats. The median stock posting a positive earnings surprise has only outperformed the S&P 500 by 32 bp on the day following the report. This compares with a historical average "reward" of 98 bp ..” [Flood]

Welp.

Oh wait, that’s me 🤦‍♂️

This tells me we are gonna go through some things in 2026.

Gross. Let them eat cake moment.

By and large useless features

I just donated to my local food bank

These people are ghouls but we are collectively better than this and we will not let our neighbors go hungry.

Thank you @bookshop.org

Greed is good ass country.

Ride the lightening, aka a game of who’s the greater fool.

How are you feeling about the upcoming PCT earnings? Anything to look out for? Still holding calls ;)

Narrator: there was a reckoning

Follow the money. Saudis going with ASTS over Starlink speaks volumes.

BREAKING: The Federal Reserve says it will end quantitative tightening, thus stop shrinking its balance sheet, by December first.

Elon is vexed, terribly vexed.