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When will AI-related job losses stop being bullish for stocks?Enjoy this clip from our April 25, 2026, Around the Horn webcast, in which we detail key elements of our Jobless Recovery theme, which calls for the stock market to continue rewarding firms that demonstrate ruthlessness with regard to replacing workers with AI.From the perspective of every corporate boardroom, the true promise of AI is not mere productivity enhancement for existing workers; it’s more profits because of fewer workers.W
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x.com42 Macro 🇺🇸
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ONLY ONE TANKER CROSSED HORMUZ IN THE LAST 24 HOURSTraffic is collapsing because of two main reasons:1. Iran has closed the Strait2. The U.S. blockade on Iranian portsTogether, they’re choking flows.Before the US blockade, Hormuz was seeing around 10-15 ships pass.But after the US blockade, this number has dropped by 50% down to 5 ships a day.Out of these 5 ships, only 1-2 crude tankers are crossing Hormuz daily.And the situation is even worse for gas tankers:The last time a gas (LPG/LNG) tanker
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My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time.He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha.He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life." He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflat
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