🌎 Global stock market performance over the past quarter century according to the compounded annual growth rate of the primary national index of each country:

🥇 🇮🇳 India's Nifty 50 (+10.1%)
🥈 🇰🇷 South Korea's KOSPI (+7.0%)
🥉 🇺🇸 America's S&P 500, 🇷🇺 Russia's IMOEX, 🇩🇪 Germany's DAX (+6.4%)

🔺️ CHART WATCH 🔺️

🇺🇸 America's Fastest Shrinking Jobs

The United States will lose 314,000 cashier jobs over the next decade, along with brutal cuts to bank tellers & data entry, among many other positions.

This is great news because it's great to check yourself out at the store. That's definitely an advancement in productivity...

It goes like this: you do your own shit, and now the company doesn't have to pay anyone to tend to you.

BOOM! 💥 PROFIT! What a value add.

💵 CHART WATCH 💵

🇺🇸 Excellent chart from Goldman Sachs (I knew they could do it) illustrating the shifting probabilities over time in the Kalshi prediction markets regarding the government shutdown ending by the end of the month.

The implied odds of a resumption in discontinued government by then (shudder) stand at 80%.

📊 CHART WATCH 📊

🇺🇸 We're still trapped in Trump's Tariff Candle...

Woe is us. $SPX needs fresh highs, or woe unto us.

📊 CHART WATCH 📊

🖥 Share of total television usage in America in Sep. 2025, by type.

Streaming is beating broadcast & cable combined ever so slightly, and so YouTube ($GOOGL) wins the day at 12.6%, with Netflix ($NFLX) right behind, second in usage with 8.3%.

📹 CHART WATCH 📺

🇺🇸 The Consumer Price Index was up 0.3% month-over-month for September. This is a slightly cool reading as an increase of 0.4% was expected.

Year-over-year, CPI is up 3.0%, which is less than expected (3.1%) but more than in August's print (2.9%). A three-point increase matches January's print, which is now tied for the highest in over a year.

There are some signs that suggest this is a trend that may persist.

📈 CHART WATCH 📈

🇺🇸 Most of the pump in CPI came down to the energy component, which largely came down to gasoline. (This means petrol, but you guys should just get with the program already.)

Gasoline was up 4.1% in September, which drove the entire energy index upward 1.5% despite natural gas & electricity falling. However, now that oil has fallen off, it's likely energy pulls back next time.

⛽️ CHART WATCH ⛽️

🇺🇸 The regional banks were having a bad time again. Serious issues of fraud in this case.

Here are two important ones: $ZION and $WAL. $KBWB bounced on Friday and looks good for a bit more (not even remotely financial advice).

Is this a sign of greater instability?

📉 CHART WATCH 📉

🇺🇸 Yesterday, $MAGS jumped 0.7% to break out to new highs.

This is the Magnificent 7 Index and I have very limited confidence in this breakout. Let's see how long it takes to run out of steam, but it feels things are shifting the other way.

➕PLUS: Net income growth of MAG 7 continues to decline since the end of 2023.

🕯 CHART WATCH 🕯

🇺🇸 64% of Kalshi traders expect the Supreme Court to rule against Trump's tariffs. It has ranged between 61 and 67 percent this week.

I expect them to allow him a few exceptions here and there where they'll say he applied the appropriately, but for the most part, power over trade will be returned to Congress, who will get straight back to working to destroy the middle class forever for their masters.

Congress is what America needs to fix. By fix, I mean to say almost everyone there now shouldn't be there.

📉 CHART WATCH 📉

🇺🇸 'Murica.

Fuck yeah.

Winnin' 34% of all Nobel Prizes.

Amerrrrica—fuck yeah.

💫 CHART WATCH 💫

🇺🇸 Bet they didn't think we'd suddenly win every argument all at once...

Such is life for artificial ideas with astroturf popularity. According to several new data sources, heterosexuality is back among American students.

The kids aren't having it so we're already back to 2020 levels. God bless them.

👩‍❤️‍💋‍👨 CHART WATCH 👩‍❤️‍💋‍👨

💎 Gold is having another rough morning, falling 3.25% to $4,003 per ounce. That makes about 9% of total drawdown since the $4,398 top on Monday.

Note: Even if you didn't sell, gold is still up about 16% since I posted about its compressed triangle on August 28th…just saying.

🔸 CHART WATCH 🔸

🇬🇷🇨🇾🇵🇹 Greece & Cyprus have orchestrated an excellent display of fiscal responsibility in the years since their sovereign debt & banking crises respectively, and the dividends have really rolled in over the past five years. Portugal, on the other hand, has been consistently prudent since its 2011 debt crisis. The success reminds one of Ireland last decade.

As a result, we've seen outstanding reductions in all 3 debt-to-GDP ratios. Greece has reduced by 56.1% over the period but still has some work to do with a total of 150.3% remaining. Cyprus has reduced by 43.5% to a very healthy 71.1%! And Portugal has reduced by 37.5% for a final ratio of 97.4%.

All three turned their GDP growth exceptionally positive by 2021. There were enormous gains in 2021-2022, with readings between 5.7% & 8.4%. Portugal & Cyprus achieved primary account surpluses in 2021, Greece in 2022, and all three ever since—an encouraging pattern that will serve these nations well if they can maintain it.

These three along with Denmark are fiscally some of the best situated in Europe. Meanwhile, many EU nations that weren't in dire straits a decade ago have fallen apart economically for various reasons...looking at you, France, Romania, Czechia, et cetera.

📉 CHART WATCH 📉

🇺🇸 Al deal activity in the US already far outstrips the dotcom era...

Unfortunately, the ground it sits on is even shakier.

🎨 CHART WATCH 🎨

🏴󠁧󠁢󠁳󠁣󠁴󠁿 The number of annual births in Scotland hasn't been this low since 1855.

Let me say that again: the number of annual births in Scotland hasn't been this low since 1855.

Shockingly, the fertility rate has dropped below 1.25. This is a full-blown crisis, and radical action must be taken to reverse course.

👶 CHART WATCH 👶

🇺🇸 ADP's new weekly release of their preliminary U.S. employment estimate shows an average gain of 14,250 private-sector jobs in the four weeks ending Oct. 11, 2025.

"For nearly two decades we have provided our valuable labor market data to the public at no cost through the ADP National Employment Report. ADP's near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy," said Dr. Nela Richardson, chief economist, ADP.

⏳ CHART WATCH 🔩

🇺🇸 Both parties are taking blame for the government shutdown—specifically Trump & Schumer.

All of this over paying for all of the healthcare of illegal residents of America.

Are they just trying to buy 3 generations of votes again? Or do they know denying all of the benefits (over a third of them just collect those) will cause much of their antidemocratic project in social & political engineering to self-deport?

🇺🇸 CHART WATCH 🇺🇸