The Friday Wrap, 1/09/2026, Quick Wrap

Commentary from the Distilled Perspective
of Patrick T Bulger Capital Management & Analytics

• Jobs,

Jan 08 2025 Year-End Challenger Report:
Highest Q4 Layoffs Since 2008;
Lowest YTD Hiring Since 2010

• European Central Bank,

Remains at an elevated level at the swap window.
Need for Dollars extends beyond the End of Year Turn.
That is traditionally a risk signal.

• Housing,

Permit numbers from September being released...
Yes, That September. Like so long ago it doesn’t matter.

• AI, Stargate Project,

A good AI search for your weekend.  Ask your favorite AI to search the funding structure and if there appear to be any issues…Note, the MIT Study, Michael Burry and Howard Marks…

Risk Perception Still High,

Data Releases Still Disrupted.

• Your Solution: Stay Tuned Here

For you, we will continue to sort through the spin and confusion.
We are satisfied with our non-government generated data that we follow.

Who or What will surprise next,
Shadow Lending, Zombie Credit, Refinance, or Leveraged Assets?

• Call in for a discussion about cautious positioning for your serious capital.
• Thanks for reading!  PTB

#Data #Stargate #LendingRisk #investmentrisk #AI

...