Hello, Rebel Capitals, Hope You're Well.

So we've got big news out of the jobs market.

That's right.

Some shocking data, at least the market shocked.

Let me get right over to CMBC. we'll go over the details and then we're going to go over to

Zero Hedge that has a different take on it. Well they've got different charts that I think are definitely relevant because the bottom line is we have to ask the question,

does this increase the probability that the Fed cuts rates and does it speed up the

timeline in which they will cut rates because that has a huge impact on the

NASDAQ the S&P, on interest rates, on the dollar, gold, crypto, you name it.

So let's get right into the brief outline here of what is going on with the jobs market and to do that, let me get the screen share gone.

Okay, shooter to C and B.C, we got private payrolls grew by just $150,000 in June, less than expected.

And what is not unexpected is that they revised the prior month down.

That comes as a surprise to nobody.

Because that's pretty much what they've been doing for the last what two years.

Geez, every single time.

It's like death and taxes.

We've got to add revising the payroll numbers or the jobs numbers down to death and taxes.

All right, private companies added 150,000 jobs. So this is the ADP report.

We get the non-farm payroll on Friday.

And as they state in this article,

a lot of times there's a big discrepancy.

But we're going to go over that more when we get to this zero hedge article.

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