The three-month average change in payrolls remained negative in December, although most of that is due to the DOGE cuts to federal jobs in October. After today's report, the door further shut on a January rate cut.
Commentary & analysis of selected stories on January 9, 2026
Someone just shilled me this meme coin: – 23 trillion supply– No supply cap– 1 node– 25% of supply minted in the last 3 years – 1% of holders own 30%– Backed by the U.S. government pic.twitter.com/DoPY6wlzIB — Gambling is Life (@GamblingMemez) December 30, 2025
Foreign central banks' gold reserves have grown to over $3.8 trillion and are now on par with foreign official Treasury holdings.
AI-related stocks account for almost half of the stock market and the majority of its gain.
The market continues to rally on the backs of a select few stocks in the S&P 500.
Crime rates of all kind have been falling in the past few years.
A long-term look at the 10-year real S&P total return
A review of our recently published research
Commentary & analysis of selected stories on January 8, 2026
In the latest installment of Talking Data, Jim discusses the Bianco Research Total Return Index and the fact that U.S. 10-year yields were unique among sovereign long yields in falling in 2025.