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The financial pain is real: Wage growth is 3%, and inflation is ~3.4%. Inflation has eaten up all wage gains for the average worker since April.
The financial pain is real: Wage growth fell to 3% (y/y) in September. That's the lowest in 5 years. Wage growth: 3% Inflation: ~3.4% Inflation has eaten up all wage gains for the average worker since April. Many people are having to make hard choices about what to buy and what to skimp on right now. Yes, consumption is still strong (mainly due to wealthier Americans and people dipping into savings or credit cards), but a lot of people have to think hard about every dollar they spend. Notable: Wages only ticked up 0.1% in the month of September. That was the weakest monthly gain since December 2025.
Nike stock vs. S&P500
Nike stock performance: 2022: -29% 2023: -7% 2024: -30% 2025: -16% 2026: -49%
Epic headline. Real banana republic material.
Epic headline. Real banana republic material.
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Gnosly Live Signals | AI is getting cheaper
At a given level of performance, cost has fallen ~47%/quarter since 2023.
Gnosly Live Signals - China is seeing a historic boom in exports due to AI.
China outsmarts the world - Source The Kobeissi Letter