The U.S. financial activities and information sectors are shedding almost 30,000 jobs a month so far in 2026, recession-level figures equivalent to a 20% drag on broader job growth.
Finance in particular is heavily exposed to automation given its job mix. Source: Matthew B @boes_ Bloomberg
The reason for the strong USD in one chart.
The Fed turned hawkish, when inflation rolled over. Source: Andreas Steno Larsen @AndreasSteno
Trump personally made more from crypto than EVERY publicly traded US crypto company.
Pro-crypto president indeed... Source: Nic @puckrin
Donald Trump declared making more than 22,000 stock transactions in 2025, according to the FT analysis.
His immediate predecessor, Joe Biden, made 13 transactions over four years. In his first term, Trump made 517. Source: FT
The U.S. labor market just sent its weakest signal in months.
June payrolls rose by only 57,000, well below expectations of 115,000 and down sharply from May's revised 129,000. At first glance, the unemployment rate improved to 4.2%. But the headline masks growing weakness. The labor force participation rate fell to 61.5%, its lowest level since March 2021, while household employment plunged by 507,000 people in a single month. Wage growth remained resilient, with average hourly earnings rising 0.3% month-over-month and 3.5% year-over-year, suggesting inflationary pressures have not fully disappeared. Under the surface, the picture is mixed: 📈 Professional & business services: +36K 📈 Social assistance: +25K 📈 Healthcare: +22K 📈 Government: +8K But leisure & hospitality LOST 61,000 jobs 🚨, despite expectations that the World Cup would boost seasonal hiring. The labor market is no longer collapsing. But it is clearly cooling. For the Fed, this report strengthens the case that growth is slowing, even if wage pressures remain sticky. Source: CNBC
BREAKING: The US government has lifted export restrictions on Anthropic's Fable 5 and Mythos 5 AI models.
The restrictions, imposed on June 12 over national security concerns, have now been fully removed after Anthropic agreed to strengthen safeguards and coordinate with the US government on AI security. Anthropic said it expects to restore user access starting Wednesday. Source: Bull Theory
About AC in Europe...
Source. Rand
The US equity market is recording massive inflows
Source: EPFR, Goldman
