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Joe Weisenthal Profile picture
@TheStalwart
Aug 6, 2021 • 9 tweets • 4 min read • Read on X
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BREAKING:

STRONG:

943K new jobs.

Unemployment rate falls to 5.4% (vs. 5.7% expected)

Year over year wage growth comes in at 4%.

bloomberg.com/news/articles/…
Stocks rising pre-market. 10-year also moving higher.

bloomberg.com/news/articles/… Image
NASDAQ-100 futures sliding Image
This type of data is important to keep in mind when inflation data is being debated. Yes, we've definitely seen prices rise at a faster pace than expected. But job creation and wages are still robust, bolstering household incomes. bloomberg.com/news/articles/…
Still a long way to go.
Gold just got rugged Image
Incredible chart from @boes_. Leisure and hospitality workers seeing 6.6% annualized wage growth (on a 24-month basis) Image
@boes_ Again, something to think about when people talk about inflation without context.
@boes_ Motion picture industry 🚀🚀🚀bloomberg.com/graphics/jobs-… Image

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More from @TheStalwart

Joe Weisenthal Profile picture
Jan 25
There's no reason everyone needs to be making software. But for people who just want to play around, and see what's capable, I think a simple start is to

A) Think of any topic you're interested in
B) Prompt it to "look for any public data about that topic and then visualize it"
one thing I'm curious about is whether Chinese consumer brands are making inroads in the US. So I made a simple thing that just scrapes the running shoe boards on Reddit once a week to track the % of mentions of Chinese brands.
People here "code" and they think they have to come up with some complete piece of software, as opposed to using code to do some simple or interesting task that would've been annoying to do by hand.
Read 4 tweets
Joe Weisenthal Profile picture
Jul 2, 2025
This is really good from @matt_levine on tokenization.

If we're totally cool with people trading equity in "private" companies, because it's on-chain, then eventually it seems possible that in the future we don't have IPOs or even standardized disclosure for any company at all. Image
Especially since for so many companies, the IPO is not so much a capital raising event, but rather a liquidity event. Why bother?
Link bloomberg.com/opinion/newsle…
Read 4 tweets
Joe Weisenthal Profile picture
Sep 6, 2024
NEW ODD LOTS

The Booming Crypto Use Case That's Happening Right Now

@tracyalloway and I talked to @CampbellJAustin, prof at Columbia biz school and financial markets veteran, about the rise of stablecoins, and the genuine breakthrough that they represent bloomberg.com/news/articles/…
I'd say if there's ever been an episode that came close to convincing me and @tracyalloway that there's a genuine, non-speculative use for open blockchains (e.g. Ethereum, Solana etc.), this is it.
@tracyalloway Austin does a fantastic job explaining how the existing banking and payments system work, and how stablecoins augment it. And specifically, how they augment the existing system in a way that the existing system isn't capable of upgrading towards on its own without crypto.
Read 4 tweets
Joe Weisenthal Profile picture
Aug 6, 2024
SIX THOUGHTS ON THE AFTERMATH OF MONDAY'S BIG PLUNGE

In today's @markets newsletter, I wrote about where things stand now.

1) At least so far, things are much calmer than yesterday. Huge rally in Japan. The US rebound is fairly feeble. Meanwhile, "good news is good news" Image
2) We know the labor market is softening. But the question remains, can the Fed still get ahead of it? Image
3) Fed pricing looks much more normal today
Image
Image
Read 7 tweets
Joe Weisenthal Profile picture
Aug 5, 2024
10 THOUGHTS ON TODAY'S BIG MARKET SELOFF

In today's 5 Things newsletter, I jotted down a bunch of random stuff about this moment in stocks, crypto, FX, and macro.

Here they are

1) It was clear instantly on Wednesday that Powell was going to be offsides this market: Image
2) To some extent, I think the way Powell was talking about "normalization" of the labor market didn't make any sense, almost regardless of what's going on with the economy right now. Image
3) Regardless of whether you think the Fed has made a mistake or not, the Fed is now clearly offsides. Remember on Wednesday Powell was still talking about the possibility of no cuts at all coming soon. Image
Read 12 tweets
Joe Weisenthal Profile picture
Aug 2, 2024
BREAKING:

BIG MISS ON UNEMPLOYMENT. UNEMPLOYMENT RISES TO 4.3%

JUST 114K NEW JOBS

Economists had expected 175K jobs and an unemployment rate of 4.1%.

bloomberg.com/news/live-blog…
S&P 500 futures now down 1.6% Image
Last two months revised downward by 29K

Average hourly earnings grow just 0.2%

U6 Underemployment rises to 7.8% from 7.4%

Average Weekly Hours falls to 34.2
Read 9 tweets

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