US labor nightmare: Hiring is at its lowest level since 2009, inflation refuses to budge and credit card delinquencies are also at GFC levels

Lowest hiring since 2009.Payroll growth has slowed to <0.1% MoM.Openings down 25% YoY.Wage growth still sticky at 3.8%. It’s the worst mix possible — weak labor, stubborn inflation. — Shashank Sindhe (@shashank_sindhe) October 13, 2025 WTF! Hiring just hit the …

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US layoffs are running at RECESSION levels

🚨US layoffs are running at RECESSION levels: US-based employers have announced 946,426 job cuts year-to-date, the most since the 2020 CRISIS. This is the second-largest total since the Great Financial Crisis. Over the last 36 years, only 4 years have …

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The era of hidden liquidity is ending

The Fed is quietly walking a knife’s edge and everyone will feel it soon. Quantitative tightening emptied the ON RRP cushion, leaving banks exposed the same way they were in 2019, and that means every Treasury move now hits reserves …

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Small banks are hiding massive losses in CRE. Massive, like going out of business levels of losses; Tom Lee said he thinks Financials will be one of the sectors leading over the next 1-2 years

Are office buildings the last prop holding banks from imploding? Small banks are hiding massive losses in CRE. Massive, like going out of business levels of losses. That's why they're kicking the can hoping they don't have to foreclose. There's …

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Consumer Confidence is at Crisis Levels

Consumer sentiment ≠ vibes. It’s a monthly national survey that translates household feelings into a number (1966=100). It tracks how secure Americans feel about finances, the economy, and buying conditions. Since consumer spending drives ~70% of GDP, these feelings matter. …

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Top 10 S&P stocks now pricier than dot-com peak, forward P/E hits 30 while rest of index lags at 20. BofA triggers triple sell signal across global markets. Cash levels, breadth, and flows all flash red on Hartnett model

SPX historically drops 2% after similar signals since 2011 According to BofA's Michael Hartnett, #sell #signals have been triggered.– BofA FMS Cash Rule: cash as % AUM in FMS 3.9%. = sell signal…average SPX loss in following most from 15 …

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