All of our previous posts
Positioning
Oct 5, 2026
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4 min read
The revisions were the news. The September print was not.
Oct 3, 2026
Finance and professional services shed 27,000 while the total rose.
Rates
Oct 1, 2026
3 min read
Output says 1.5 percent. Income says 2.2 percent. Same economy.
Liquidity
Sep 30, 2026
The goods number is a third larger than the actual balance.
Sep 28, 2026
GDP counts shipments. The coverage counted orders.
Sep 26, 2026
Both price numbers were right. They were not measuring the same thing.
Sep 24, 2026
Refineries ran at 96.8 percent. Gasoline stocks sit 5 percent below normal.
Sep 23, 2026
A third of the debt reprices this year. The Fed does not set the schedule.
Sentiment
Sep 21, 2026
Hires and separations both ran at 5.1 million.
