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Wage growth has likely bottomed absent a new shock to labor demand (which is the opposite of what looks to be happening at the moment).

Official data was released today, and after adjusting for inflation, American office construction has fallen to the lowest level since 2011 It's down nearly 60% since the onset of the pandemic and 15% over the last year alone

At some point consensus will fully accept that the labor market bottomed late last year after slowly cooling for years in response to pandemic over-hiring.

Goldman Sachs: Global AI capex in 2026 will top $1 trillion

he’s cultivated a work environment where his colleagues feel empowered to share their thoughts (with their local journalist)!

Tom Lee and others were saying for months how, “markets always test a new Fed chair”. but seems like the new Fed chair wants to test markets

In conclusion: a very good stockpicker and a very bad portfolio manager, and the latter was sufficiently disastrous he wound up destroying most of his assets and probably causing the largest trading loss of all time. If the reported numbers are true, going $45bn -> $10bn is 3x the size of Archegos.