Hello, fellow Robo Capitales, hope you're well. So big news in the used car market.

CarMax down 20% today. And this is after Tricolor filed for bankruptcy just, what was it, last week or the week prior?

So we have to ask ourselves, what does this tell us about the economy? But wait, there is more. We have data coming

out today about initial claims and the GDP numbers, which to say the least, don't jive

with what's happening with CarMax and the used car

market. So we've got to put all these pieces of the puzzle together to try to determine what on

earth is not just happening with the economy right now, but what is likely going to happen in the

future. So let's get started by going over the Market

Watch calendar and check this out, guys. I don't know if you've been following interest rates

today, but they have skyrocketed. Why? Did Scott Besant issue a trillion dollars along

into the curve? No. Did we explode the deficits today? No. We do that every day.

What actually came out is growth and inflation expectations improved dramatically.

So right here, initial jobless claims down to 218, 218, guys.

Now, this is not a historically low number, but the trend is starting to go back down,

which means maybe the jobs market is strong and resilient. I mean, I hate to say that,

but here's the data right now. We've got to look at everything, not just the bullish stuff,

not just the bearish stuff. So let's look at the third estimate for GDP Q2. Expectations with 3.3 came in at 3.8, 3.8.

So as a result, durable goods orders, by the way, expectations for a negative 0.4, we're at a positive 2.9.

And then you get existing home sales a little bit of a beat, but I don't think that really

impacted rates too much. But the bottom line is when the market saw the initial jobless claims

and the GDP revision, interest rates skyrocket. Why? Growth in inflation expectations,

just like we said earlier and why, basically what I say on every

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