Updates
CNBC: has lost its credibility (again). Stressing a "bad" jobs report. In fact, it was an incredible jobs report for investors.
The U.S. unemployment rate edged down to 4.1% in July, according to data released by the Bureau of Labor Statistics. Despite the slight drop from June's 4.2%, the economy unexpectedly lost 23,000 jobs (unwinding all the FIFA World Soccer Cup jobs). And labor force participation: prime-age labor force participation for workers aged 25 to 54 stands at 83.3% as of June 2026. Twenty-five to fifty-four years old?
I'm having trouble seeing how this is a dismal jobs report.
This is how the market reacted to the "jobs report":
It may not close in the green, but AAPL did turn green later in the day.
Original Post
Two stories here, sorry.
Hunch:
- 10% chance: chip shortage will resolve itself by end of 2027;
- 90% chance: chip shortage will not get particularly worse but will last many years; providers will get use to it and manage.
- Musk's Starlink is likely to become the "go-to" telecom; AWS/AMZN saw this early and may be only hyperscaler than can prevent this.
