Peter H. Diamandis

We should have that conversation.

And I do think Peter Thiel is likely whispering in his ear.

Yeah, I can imagine El Salvador being a fast follower, the Emirates being a fast follower.

And then all of a sudden, you've got the US and Europe trapped by all these other countries that are pulling the entrepreneurs and the agents to domicile there.

Okay, move on.

All right.

Our third story today that I want to cover is what happened on Friday.

So Friday was a masterclass in how Wall Street actually works.

The Bureau of Labor Statistics report that the U.S.

economy added 172,000 jobs in May, more than double the expected 85,000 that economists expected, with April being revised upward to 179,000.

Unemployment held steady at 4.3 percent by every traditional measure.

This is amazing.

You know, a healthy labor market.

So what happened?

The stock market had its worst day since April 2025.

The Nasdaq cratered 4.18%, S&P 500 down 2.64%.

Roughly $2 trillion in total wealth was erased.

The reasons are counterintuitive, and it's the conversation I want to have here.

The good economic news is bad for stocks because a strong economy means the Federal Reserve won't cut interest rates.

What might actually happen is they'll raise them.