Hello, fellow Robo Capital, I hope you're well.

So we had some more inflation data come out today.

It is not the CPI.

It's actually the PPI and a slew of other economic data that shocked the market.

So let's get right into it.

Let me do a screen share.

And we're going to go over to MarketWatch, first and and foremost to look at this calendar so we can get a summary of the data that's come out today.

And then we're going to go over to the BLS and look at their report and see if we can really connect some dots.

So first and foremost, let's go over to where were we here? Market Watch. I had it up.

There we go. And we've got initial jobless claim. So as you guys know from watching my videos,

I've been paying a lot of attention to the labor market. I think that's really the key.

If you want to try to time an economic slowdown or a recession. I think the probabilities

that we go into a recession very, very low with the initial claims at 229 where they are right now,

but that's not to say that the economy is strong. Those are two completely separate things.

Just because we might not be in an official recession right now,

and who knows, these numbers might get revised. But just because we're not there now, it doesn't

necessarily mean that the economy is booming. It doesn't necessarily mean that the economy is strong

or the economy is resilient. As most of you know, the bottom 75% are really struggling right now, and you don't have to take my word on it.

Just look at McDonald's or look at some of these other restaurants that cater to lower income demographics.

I would also point just to the obvious anecdotal evidence that if the economy is booming,

why is it that every single Walmart I've ever been to in the United States over the last three years has to lock up everything behind a cage?

Like it's somehow selling gold or something like that just to get a pair of $2 cuticle scissors from China that will in the future cost $2.50 of course. But then they're really going

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