The Labor Market’s Warning Signal Now

Last week’s jobless claims data was, well, whatever you wanted it to be. The ADP private payroll data showed fewer private sector jobs than forecast.

A day later, the BLS jobs report showed a massive gain.

Markets ignored the ADP report. And used the government data to rally into the three-day weekend, only to give up those gains yesterday as they were reminded that more negative tariff changes were on the way.

What to make of two different reports showing two different things? Find a third piece of data – so we did:

Turn Your Images On

Americans expect a worse job market by year-end

A Bloomberg survey shows 30% of everyday Americans expect the labor market to get worse. Each jump of this magnitude in the past has preceded a recession.

Labor market data is screaming that there’s trouble in the real economy.

Except, of course, the data from the Bureau of Labor Statistics – the same government agency that has “revised” away over a million jobs reported as having been created during the Biden administration.

~ Addison

Is This the Company Behind
Elon’s Optimus Chips???

The man who called Tesla before it skyrocketed as high as 1000% in a little over a year, is now recommending another stock…

Because he believes it could be supplying Elon Musk with chips for his Optimus robot…

The same robot that Elon is calling “The biggest product ever of any kind.”

Keep in mind that this company already supplies chips for Elon’s SpaceX and Tesla…

And from the looks of one expert’s research it may be announced as a key development partner for the Optimus robot as well.

If Elon announces this company as a supplier for the Optimus robot, there’s no telling how high shares could go.

Click here now to get full details and learn about this company before it’s too late.

P.S. Paid members, please join us for Grey Swan Live! with Matt Milner , Thursday, July 10 at 11 a.m. ET. With both private credit and private equity markets gaining pop trend status in the investment markets, we’ll dig deeper into Elon Musk’s SpaceX and xAI private placements — the next curveballs from the Trump arch-nemesis universe.

Last week’s jobless claims data was, well, whatever you wanted it to be. The ADP private payroll data showed fewer private sector jobs than forecast.

A day later, the BLS jobs report showed a massive gain.

What to make of two different reports showing two different things? Find a third piece of data – so we did:

Turn Your Images On

Americans expect a worse job market by year-end

A Bloomberg survey shows 30% of everyday Americans expect the labor market to get worse. Each jump of this magnitude in the past has preceded a recession.

Labor market data is screaming that there’s trouble in the real economy.

~ Addison

Is This the Company Behind
Elon’s Optimus Chips???

The man who called Tesla before it skyrocketed as high as 1000% in a little over a year, is now recommending another stock…

Because he believes it could be supplying Elon Musk with chips for his Optimus robot…

The same robot that Elon is calling “The biggest product ever of any kind.”

Keep in mind that this company already supplies chips for Elon’s SpaceX and Tesla…

And from the looks of one expert’s research it may be announced as a key development partner for the Optimus robot as well.

Sunday night, Powell addressed the probe head-on in a video post — a rarity. He accused the White House of using cost overruns in the Fed’s HQ renovation as a pretext for political interference.

The White House denied involvement. But few in Washington believed it.

What followed was bipartisan condemnation of the investigation. Greenspan, Bernanke, and Yellen co-signed a blistering rebuke, warning the U.S. was starting to resemble “emerging markets with weak institutions.”

Estimates now indicate that the average consumer will default on a minimum payment at about a 15% rate – the highest level since a spike during the pandemic lockdown of the economy.

President Trump’s proposal over the weekend to cap credit card interest at 10% for a year won’t arrive in time to help consumers who are already missing minimum payments.

Not to fret, the other 85% of borrowers continue to spend on borrowed time. Total U.S. household debt, including mortgages, auto loans, student loans, and credit cards, reached record highs in late 2025, exceeding $18.5 trillion. This surge was driven partly by rising credit card balances, which neared their own all-time peaks due to inflation and higher interest rates.

There’s an old Wall Street maxim: “Don’t fight the Fed.”

This year, you could add a Trump corollary.

A wise capital allocator doesn’t fight that storm. He doesn’t argue with it. He respects it the way sailors respect the sea: with preparation, with humility, and with a sharp eye for what breaks first.

In 2026, the things that break first are the stories. The narratives. The comfortable assumptions.

Total municipal, state and federal debt service costs soared to nearly $1.5 trillion in the third quarter of 2025. Debt’s easy to accumulate when rates are low. Trouble is, you are obligated to refinance them even after rates go up.

It’s also a key reason why the Trump administration is demanding lower interest rates – even if it means reigniting inflation.

Sunday night, Powell addressed the probe head-on in a video post — a rarity. He accused the White House of using cost overruns in the Fed’s HQ renovation as a pretext for political interference.

The White House denied involvement. But few in Washington believed it.

Estimates now indicate that the average consumer will default on a minimum payment at about a 15% rate – the highest level since a spike during the pandemic lockdown of the economy.

President Trump’s proposal over the weekend to cap credit card interest at 10% for a year won’t arrive in time to help consumers who are already missing minimum payments.

There’s an old Wall Street maxim: “Don’t fight the Fed.”

This year, you could add a Trump corollary.

In 2026, the things that break first are the stories. The narratives. The comfortable assumptions.

It’s also a key reason why the Trump administration is demanding lower interest rates – even if it means reigniting inflation.

The Labor Market’s Warning Signal Now

Is This the Company Behind Elon’s Optimus Chips???

The Labor Market’s Warning Signal Now

Is This the Company Behind Elon’s Optimus Chips???

Is This the Company Behind
Elon’s Optimus Chips???

Is This the Company Behind
Elon’s Optimus Chips???