Here are the numbers for $SPY earnings
+27.8% vs +13.9% est.
Big tech is absolutely smashing analyst estimates pic.twitter.com/J2ytNQYuqr
— Simplifying Stocks, CPA (@FinFluentialx) May 1, 2026
Tech layoffs are skyrocketing:
Tech companies announced 81,747 layoffs in Q1 2026, the highest quarterly total since at least Q1 2024.
Layoffs have more than DOUBLED from the previous quarter and have risen +580% since Q4 2025.
March alone saw 45,800 announced job cuts, the… pic.twitter.com/yhWwg78gyI
— The Kobeissi Letter (@KobeissiLetter) May 2, 2026
Anthropic is now reportedly doing $44 billion in annual revenue.
That means they added $14 billion in the last 30 days.
Almost half a billion dollars in revenue PER DAY.
Insane.
— Anthony Pompliano 🌪 (@APompliano) May 2, 2026
Pending home sales are at their lowest level ever recorded.
What do you expect happens next? pic.twitter.com/5BUhb5BzQi
— Jon Brooks (@jonbrooks) May 2, 2026
Did you know that every time there's a oil shock,
the housing market goes into a recession? pic.twitter.com/fGAhcI4e37— Jon Brooks (@jonbrooks) May 2, 2026
Home aren’t selling in Phoenix Arizona
Buyers are interested, they’re signing contracts, putting the money down and then backing out of the purchase
“They're walking away after doing the math and deciding the deal just isn't worth it. According to Redfin and the National… pic.twitter.com/YjDUwFkQVT
— Wall Street Apes (@WallStreetApes) May 2, 2026
Record-low consumer sentiment centers on housing crisis
Cameron Toroni, a 24-year-old Uber driver in Chicago, wonders if he’ll ever be able to afford what his parents and grandparents had.
The older generations of his family own their homes, he said, “but they purchased them during times when it was actually affordable.”
Toroni completed one year of college, but dropped out when everything went online during the pandemic, and isn’t sure what he wants to do next. Driving full-time for Uber, at weird hours, he’s making about minimum wage, he reckons. Meanwhile, rent costs $2,000 a month for a mid-range, not very fancy apartment.
“One of the big questions that I still don’t have the answer to is how (housing) became so expensive in relation to wages and incomes that we get from normal jobs,” Toroni said. “I feel like that’s the biggest disconnect that I haven’t even been able to figure out.”