Brief: Confidence Collapsed. Markets Didn't.

Super Brief: 172,000 Jobs, $1 Trillion Gone — Super Brief

172,000 Jobs, $1 Trillion Gone. The US economy added 172,000 jobs in May against a consensus of 85,000, with upward revisions adding 93,000 to the prior two months. Markets now price a rate hike by year-end for the first time since January. The Nasdaq fell 4.18% in its worst session since April 2025, and the selloff went global ov

Brief: 172,000 Jobs, $1 Trillion Gone

The US economy added 172,000 jobs in May, double the forecast, slamming the door on rate cuts and sending the Nasdaq down 4.18% in its worst session since April 2025 as the semiconductor selloff went global. Gold crashed to its lowest since March. Bitcoin broke below $60,000 for the first time since

Brief: Dow Record, AI Reckoning

The Dow surged 875 points to a record close while the Nasdaq fell, its largest divergence in months, as healthcare and financials absorbed the capital fleeing AI semiconductors after Broadcom erased $280 billion in a single session. Oil dropped 3% on an Israel-Lebanon ceasefire headline that Hezboll

Brief: $10.8 Billion Wasn't Enough

Broadcom reported $10.8 billion in AI semiconductor revenue and guided next quarter to $16 billion, but the stock fell 3% alongside CrowdStrike's 9% decline despite a beat-and-raise. Iran struck Kuwait's civilian airport, pushing Brent toward $98 and ending the equity market's 10-week winning streak

Super Brief: $10.8 Billion Wasn't Enough — Super Brief

$10.8 Billion Wasn't Enough. Broadcom reported record AI semiconductor revenue of $10.8 billion, guided next quarter to $16 billion at 200% year-over-year growth, and fell 3%. CrowdStrike posted record ARR, record cash flow, announced a 4-for-1 split, raised full-year guidance, and fell 9%. Five consecutive AI infrastructure be