MMWO? (Mid-Morning Wash-Out)

“It was nothing helmsman – steady as she goes.  We can’t wake the Capt’n till morning…”

On the Wire “U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas.

“October’s pace of job cutting was much higher than average for the month. Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes. Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas.

Through October, employers have announced 1,099,500 job cuts, an increase of 65% from the 664,839 announced in the first ten months of last year. It is up 44% from the 761,358 cuts announced in all of 2024. Year-to-date job cuts are at the highest level since 2020 when 2,304,755 cuts were announced through October.”

~Anti-Dave

11 thoughts on “MMWO? (Mid-Morning Wash-Out)”

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  1. G is the great state of texas getting its own stock exchange? and when do the supremes drop the hammer ? thx

    • If NYC’s new Mayor gets his way the NYSE may decide it is time to put an actual Trading Floor onto it’s new Lone Star State location!! Sure NYC has 3 lousy airports, none with easy access into the key part of the city, and pan handlers galore (and near nude street dancers right in the middle or town) but you can’t have everything in every city.

      Who knows … if they did that the CBT and CBOE may decide they have had their fill of providing much of the wind for filling the sails, and coffers, of the Windy City.

      • I honestly expect the Dow to move to either Dallas or Miami within the next 12-14 months. Miami has a better business climate (if a worse weather climate) but DFW is a major transportation hub and has monster glass OC rolling through it…

    • Lyrics of ‘On The Good Ship Lollipop’ by Shirley Temple

      On the good ship
      Lollipop
      It?s a sweet trip to the candy shop
      Where bon-bon’s play
      On the sunny beach of peppermint bay
      Lemonade stands everywhere
      Crackerjack bands fill the air
      And there you are
      Happy landings on a chocolate bar
      See the sugar bowl do a tootsie roll
      In a big bad devils food cake
      If you eat too much
      Oh, oh
      You?ll awake with a tummy ache
      On the good ship
      Lollipop
      It’s a nice trip
      In to bed you hop
      And dream away
      On the good ship
      Lollipop

      https://www.musixmatch.com/lyrics/Shirley-Temple/On-the-Good-Ship-Lollipop

    • Looks more like a Tulip mania to these sore, red eyes. And everyone knows how much G -Pops loves himself a tulip mania…oh wait, nevermind.

  5. Another reader mentioned this. Somehow the dates have disappeared from the landing page list of articles.

    Makes it more difficult to catch up, especially when more than one post per day.

    Thanks for ask your hard work, er, play. Anyways interesting.

  6. Oct ’25 highest number of layoffs since 2003!
    https://www.upi.com/Top_News/US/2025/11/06/job-layoffs-cuts/1561762435745/

    Nov. 6 (UPI) — U.S. companies cut 153,074 jobs last month, the highest number of layoffs in the month of October since 2003, outplacement firm Challenger, Gray & Christmas said in a report released Thursday.

    $1 billion bet on the AI bubble collapse from the Big Short:
    https://timesofindia.indiatimes.com/world/us/the-big-short-michael-burry-bets-1-billion-on-nvidia-and-palantirs-collapse-is-the-ai-boom-heading-for-a-crash/articleshow/125137557.cms

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