What a Whipsaw!

JUST IN: Trump says job numbers, which showed biggest drop since Covid, were faked by Biden appointee Erika Mcentarfer, and he has ordered her, the Commissioner of Labor Statistics, to be fired immediately.

This chart is simply wild

BLS revised the non-farm payrolls from the previous two months down by 258K, marking the largest downward revision since 2020.

Unrounded, the unemployment rate in July was 4.248%, which is the highest since October 2021. It was 4.244% in May.

I think that the Stretch $STRC preferred is going to have pretty insatiable demand this cycle. That 9% yield with mechanisms to minimize vol, in a regulated and liquid security wrapper, hits the market sweet spot.

A key takeaway from @saylor’s answer to my stress-test question on today’s Strategy earnings call is that they expect the preferred dividends to be pretty safe with up to about an 80% bitcoin drawdown. Deeper than that is when they’d expect more potential challenges.

Today’s earnings call will include live Q&A with @LynAldenContact, @PrestonPysh, @Excellion, @PunterJeff, and some of the leading $MSTR equity analysts. Join us.

That's 0.07% of global energy use (comparable to many other random industries, and often using otherwise wasted/stranded energy). Its service is that it gives people an alternative for when the IMF comes and makes a deal with your country's govt to devalue your currency. 😉

Microsoft conducted a study to find the “Top 40 occupations with the highest AI applicability score” Basically all the high-volume, entry-level, white-collar jobs are on here