Good morning friends, Happy Wednesday!
A little business before today’s post:
At 5PM ET, I’m going live to cover the latest in the AI-enabled paradigm shift — Nvidia’s keynote, big tech earnings, all-time highs, and more. If you have questions for the show, email me directly.
Onward…
It’s been a wild week and no surprise, it’s earnings season. Stocks are gapping, ripping, dipping and we’re projected to see another 25bps rate cut at today’s FOMC meeting.
We’re also seeing the ripple effects of AI… layoffs.
This is a tough time for many. I have friends affected by automation, and I’m sure you do too. Now more than ever — be kind, be generous, and have fun!
(P.S. If you’re hiring a contract manager with experience at General Dynamics and Amazon, ping me. I’ve got just the guy!)
On the bright side, new industries are hiring as fast as old ones contract.
Congrats to Max Goldstein, former VP of Content at Stocktwits, for joining Joby Aviation as Digital Engagement Lead. I’m excited to see what the team cooks up.
And shoutout to Rex Shares for launching its Pure-Play Drone ETF* ($DRNZ), expected to trade later today.
Layoffs and new opportunities are two sides of every paradigm shift. Weak industries cut back; emerging ones attract fresh capital. That’s how evolution works, not just in nature, but in markets too.
Once again — be kind, be generous, and have fun!
*Disclosure: This is not a solicitation to buy or sell any securities. The current administration’s call to “Unleash American Drone Dominance” makes this pure-play ETF (no leverage, no options, no inverse) a useful gauge of the trend’s health.
