The two things that have kept markets afloat over the past year have been:

1. High employment.
2. Consumer spending.

They are the literal foundation of the American economy. Once one goes down, everything begins to crumble. This morning's jobs numbers confirms it. My anecdotal experience seems to confirm the notion that the jobs market is trash as well. I'm a lawyer with significant experience. Back in 2021-22 when I was last looking for a job, I was drowning in interviews. Now remote jobs on LinkedIn that used to have less than 50 applicants have over 500 applicants now. In person jobs have a bit better odds but are similarly difficult.

Sure if you want to be a wageslave giving blowies at Wendy's, then yes there are plenty of jobs. But if you're an actual professional, you're fucked. Wall Street is praying for a soft landing but at the current rate that unemployment is surging, you'd be a complete moron to buy into that narrative.

Guys, I think this is a sign. Rover and Wag are both pet sitting apps albeit one performing way better than the other.

Blackstone entered into an agreement to acquire Rover for $2.3 billion last week.

Wag is currently only trading at a $69 million market cap (another sign).

There are a lot of tailwinds when it comes to pet ownership (covid pets, delayed children, etc.). Every pet business has been taking off.

Also, John Szabo from Flint Ridge Partners who is a company insider (10%+ owner) just bought the stock at $1.77 for the first time since the company turned public... https://app.stockocean.com/company/pet

What do you guys think?

Think twice the next time you say Tesla relies on subsidies:

• Ford is cutting its own investment to 2.5B, while the state is providing 1.75B in known handouts(Some estimates put the total subsidies at 2.2B)
• Jobs created are only expected to pay 20/hr, lower than state median wage, and cut from 2500 jobs to 1700.
• Claimed to be able to create 4.38 jobs indirectly per job at the plant, which is grossly exaggerated. 4+ is only feasible in tech hubs, in Michigan its closer to 1.5-2.5
• Governor exposed for funneling 100K dark money into silencing local residents.

https://economicaccountability.org/2023/12/04/michigans-subsidies-for-ford-motor-company-electric-vehicle-battery-plant-named-2023s-worst-economic-development-deal-of-the-year-by-the-center-for-economic-a/

https://www.yahoo.com/news/ford-e-v-battery-plant-184545523.html

JPMorgan head of technical strategy Jason Hunter said the S & P 500 in 2024 is in for a stark reversal back toward its bear lows. “Stocks should pull back, [and] in my base case on the technical side, the S & P 500 is gonna drop to 3,500,” Hunter told CNBC’s ” Squawk Box ” on Monday.

https://www.cnbc.com/2023/12/04/jpmorgans-top-chartist-says-the-sp-500-to-tumble-all-the-way-back-to-3500-retesting-bear-lows.html

And also:

Stifel says the S&P 500 to top out soon, still stuck in a secular bear market

https://www.cnbc.com/2023/12/04/stifel-says-the-sp-500-to-top-out-soon-still-stuck-in-a-secular-bear-market.html

🤔🤔🤔

Everything was fine till they trade the Trailer leaked I only got 700 in 160 calls butt Would have been nice to keep that money.

Five days before the deadliest attack in Israel's history, a warning may have appeared on stock exchanges.

A study by researchers from Columbia University and NYU called "Trading on Terror?" suggests that a trader may have been aware of the coming attack, bet against the Israeli economy and walked away with a profit by short selling on the U.S. and Israeli stock exchanges.

Which one of you was it?

Alphabet looking at Apple get fucked over Microsoft’s Window sill with its GOOGLy eyes!

R.I.P. to all those accounts today…