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RiskReversal Pod

The Market Doesn't Care About Your Worries Right Now

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7 • 836 Ratings

🗓️ 11 May 2026

⏱️ 25 minutes

🧾️ Download transcript

Summary

Guy Adami and Liz Thomas discuss the April jobs report, noting payrolls rose about 115,000 versus expectations near 65,000, with unemployment steady at 4.3% and back-to-back monthly job gains for the first time in nearly a year. They argue the data increases pressure on the Fed not to cut rates, with markets pricing little chance of a cut and some lingering hike risk, though Thomas doesn’t expect hikes. Despite geopolitical uncertainty and inflation concerns, equities sit at all-time highs, led narrowly by semiconductors and select tech, with limited broadening under the surface. Thomas highlights “Acceleration Nation” data points including improving hiring rates in JOLTS, strong retail sales, and roughly 25% year-over-year Q1 earnings growth, while flagging risks from CapEx/AI optimism fading or more permanent layoffs spreading to old-economy sectors. They also discuss consumer sentiment’s inflation focus, and remain constructive on energy longer term even if oil-driven froth pulls back. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Transcript

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0:00.0

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0:54.4

So we're sitting right now at 25% year-over-year earnings growth for the first quarter,

0:58.4

which is bananas, okay?

1:00.3

So the fundamentals are not showing any signs of cracking right now.

1:04.5

For the economy, especially for the labor market, things like small-cap employment,

1:10.1

if that starts to crack, and what do you watch

1:12.4

for that? You watch things like small business optimism. There are questions in a lot of those

1:17.0

surveys about how many people they plan to hire if they plan to lay people off. So watching

1:22.9

some of those metrics is important. The other thing is if you start to hear announcements

1:28.0

from what I would consider old economy sectors,

1:31.0

some big companies, Bellwether companies

1:33.0

in those old economy sectors of layoffs,

...

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