Hello fellow Robo Capital.

Hope you're well.

So we have new jobs data.

The ADP report came out today.

And it's actually hard to believe.

It's that bad.

In fact, according to ZeroHedge, we haven't seen numbers this bad since the

Cerva sickness.

So let's get right into it and try to figure out what on earth is going on.

Zero Hedge said it was a five sigma miss.

I mean, this is huge.

I wonder if they've ever missed by this much as far as what the actual number is relative to expectations.

But just the short and sweet of it, guys, let's get to the calendar.

So the market was expecting 100,000 jobs created.

And it got a negative 33,000.

And oh, by the way, last month's numbers were revised down to 29,000.

Holy cow.

But don't you worry, the economy is strong and resilient.

And Jerome Powell, are you listening, buddy?

You sure our biggest risk is with inflation and not the labor market?

I don't know.

Maybe he's second guessing that. But let's go over to

...