Peter H. Diamandis

So here's the question, gents.

We're seeing jobs stronger than expected.

We've been talking about how murky the water is.

On one side, we've got Bernie Sanders and everybody's saying we're going to have, you know, unemployment.

We've heard everybody say, you know, we need to be prepared.

We need to grab interest in the frontier labs to support a UBI.

But here we see jobs going up.

Any clarity, any thoughts on this?

Dave, what's your take on the jobs report and the sort of the financial crash that happened yesterday?

It has to come from someplace.

You have to sell something to buy something else.

Three factors are thought to have caused what happened yesterday.

First, the jobs report, you know, sort of killed the hopes for a rate cut.

And it's, you know, now the...

It's the odds of a rate hike have gone above 50 percent.

The second is that Broadcom reported AI chip guidance of 16 billion for Q3 versus 17.2 billion.

And the question Wall Street is asking is, you know, whether the AI capex is peaking.

And the third is, of course, that we are in this incredible peak of all of the innermost loop companies, infrastructure companies, chip companies, energy companies peaking, and people are taking money off the table.

Alex, what do you make of this?

You know, where I'd like to go as we close out today's pod is we're midway through 2026.