June 5
S&P Oil FX Gold 10Y CLZ6
S&P is down 1.01%. "Stocks Should Go Up, Not Down" | 11:05
Trump Rages At Market Reaction To 'Great' Jobs Report | Zero
Another episode of the boy who cried wolf set to air later today? | Forex
10Y is higher by 6.0p to 4.540%
2Y higher by 11.3bp to 4.162%
Job Market Says "I'm Not Dead Yet." Bond Market Doesn't Love It
Oil is down $1.68 to $91.35
Gold is down $107 and on track for a weekly decline of over 2%
Who Needs Bitcoin & Cryptos (-50%) amid the Semiconductor & Miracle IPO Mania? | Wolf
Bitcoin is down to $60,895. About $1.2 trillion has gone up into thin air since Oct 2025
Dollar index is up 0.42% to 99.83
Dollar Could Extend Gains if Fed’s Warsh Signals Rate Rises | WSJ
Stronger Dollar Trade
The thesis behind the dollar short has fallen apart. The debasement thesis assumed the Fed would cut. It assumed inflation would soften, and the euro, yen, and emerging-market currencies would catch a bid as global growth picked up. None of that has happened.
AAA gasoline is down to $4.220 vs 0$4.483 a month ago. Second weekly decline.
The US added a net 172K jobs in May, a shocker above forecasts of 85,000
NFP employment for March and April were revised 93K higher
Market is almost fully pricing in a quarter-point hike by year-end
The unemployment rate remained unchanged at 4.3%
U6 underemployment rate 8.1% vs 8.2% prior
Average hourly earnings rose 0.3% on the month, in line with expectations
Change in private payrolls +120K vs +85K expected
Change in manufacturing payrolls +7K vs +2K expected
Government payrolls +52K vs -8K in April
The utter failure of the news business | Kunst
If you seek to understand why the American public is so deeply bamboozled, it is largely the utter failure of the news business. You can trace that to a couple of signal changes of policy. One was the 1987 repeal of the FCC’s “Fairness Doctrine,” which required TV stations holding federal licenses to cover controversial public issues in a “fair and balanced manner.” The other was the 2013 “modernization” (under Barack Obama) of the Smith-Mundt Act (1948), which had prohibited the US government from “propagandizing” its own citizens
The War Is Expanding Whether They Admit It or Not | Arm
Our models have been warning that 2026 would be a panic-cycle year characterized by rising volatility and escalating geopolitical tensions. The events unfolding right now fit that pattern remarkably well. The risks continue building into 2027, which remains a major war-risk year in our forecasts. By 2028, the economic side of the crisis begins colliding with the geopolitical side as recessionary pressures, sovereign debt problems, and civil unrest intensify. Then comes the major ECM turning point in 2029.
Debt Rattle
* Bolton sold his secret/private info to the highest bidder, including foreigners, getting rich in the process
* In related news, after three days California has only counted 63% of the vote
Spencer Pratt is losing ground on his second-place finish.
* The use of glyphosate as a desiccant (applying herbicides to crops prior to harvest to ensure they uniformly dry down, a practice responsible for more than 90 percent of glyphosate found in food.
The usual senate suspects, Thom Tillis, Lisa Murkowski, Susan Collins and Mitch McConnell voted with Democrats to kill the SAVE America Act amendment. 75% of Americans support the requirement for voter ID, the Senate doesn’t want that. | CTH
Demented NY Dems Erase "Mother" From State Law, Replace Her With "Gestating Parent" | Zero
Six years ago today. This was real. This was policy. California County Will Allow Outdoor Social Gatherings of 12 People—and Outdoor Protests of 100 People | Insta
The surveillance state does not run on government computers. | Libt
Its essential trick is the partnership between the state and the private firm. The corporation gathers what the Constitution forbids the government to take by force, and then—under the third-party doctrine the courts invented out of thin air—hands it over, no warrant required, on the theory that you “voluntarily” surrendered it the moment you used a bank, a phone, or a doctor. Palantir is the purest expression of that arrangement ever built.
Palantir itself came into existence as the result of a sneaky spinoff of DARPA’s | Naked
hugely controversial Total Information Awareness (TIA) program. Its first ever investor was In-Q-Tel, the venture capital arm of the Central Intelligence Agency. And if Thiel’s dark vision for our future becomes a reality, the State will still exist but it will be controlled, lock, stock and barrel, by private corporations like his. And it will be even more powerful and controlling.
The Media Wants To Know Why Men Are Walking Away From Liberal Society?
In the US, around 45% of men ages 18-25 do not approach women anymore to engage in dating or relationships. Over 42% of all men have no interest in seeking out women for relationships or casual dates. Around 30% of men over 40 years old have never been married and are not necessarily seeking marriage.
Javier Milei Seeks to Allow UNLIMITED Sale of Argentine Land to Foreign Investors | Naked
Argentina offers another juicy prize for the likes of Thiel that tends to get overlooked: land. As investigative journalist Whitney Webb posited in a recent tweet, Argentina’s biggest draw for Thiel may be that it “allows wealthy, foreign billionaires to establish de facto parallel states in the country, where the federal government declines to intervene, even to protect its own citizens and laws”:
Sophrosyne, an ancient Greek virtue, matters more than ever | Conver
An ancient Greek concept, sophrosyne – pronounced “suh-fros-uh-nee” – is what we might call “sound-mindedness” today. It’s a constellation of characteristics, including moderation, reflectiveness and self-knowledge. They’re found in the kind of person who can respect and trust herself, and be respected and trusted by others.
Praxeology
The theory of human action, focusing on purposeful behavior rather than reflexive or unintentional actions.
Misology
Hatred of reason, argument, or enlightenment.
Hatred of argument or discussion; hatred of enlightenment.
Week Ahead - Jun 8th
The US is due to release its consumer and producer inflation figures, the final price gauge before this month's Federal Reserve decision, in addition to existing home sales and the trade balance. On the corporate front, SpaceX will undergo what is likely to be the largest IPO on record. Additionally, OPEC+ will vote on the cartel's output quota in their first meeting without the UAE.
Email: wkidder42@gmail.com
Text: 1 646 257 2130
Voice: Use WhatsApp +1 646 257 2130
at 1:00 AM