US adds just 29,000 jobs: How to find a job in the age of AI, plus Anthropic and Tesla | Market Hang
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Is October scary for stocks? Clockwork Tower Group Chief Macro Strategist Eric Wallerstein makes the bear case, warning the bond market may break before AI does, while Milk Road Co-Owner Kyle Reidhead argues earnings and AI will carry the market and Washington Crossing Advisors Senior Portfolio Manager Chad Morganlander weighs tight credit spreads. The panel breaks down the September jobs report, which showed 29,000 jobs added according to the Labor Department, debates whether the Fed should have hiked, and shares advice on finding a job in the age of AI. Plus crypto, Nike's rough quarter, Amazon's reported plan to offload Nvidia chips, circular financing, and what could pop the AI bubble. Market Hang is live weekdays [AIRTIME] ET with [HOST TITLE AND FULL NAME]. 00:00 Welcome: Remember fax machines? 00:40 Is October scary for stocks? 01:25 Eric Wallerstein: "The most bearish I've been" since COVID 02:20 Kyle Reidhead: Earnings and AI are driving the market 03:28 Chad Morganlander on credit spreads and narrow leadership 04:24 What could end the AI trade? 05:42 The bond market will get us first 05:54 Europe's worst bond day since Russia-Ukraine 07:15 Is something about to break? 07:45 AI hype and venture funding 08:15 Are crypto and stocks the same market? 09:21 Tokenized stocks 10:08 Is Coinbase the Apple of crypto? 11:10 Stablecoins, gold and bitcoin 12:55 Why own gold? 13:50 Is the AI buildout inflationary? 15:51 How risk averse are you? 17:20 What would prove the bear case wrong? 18:30 Could this be another 2022? 19:10 The multiple compression case 19:50 Oil, the Iran war and inflation 21:20 The September jobs report 22:25 Wage growth is the number to watch 23:08 Should the Fed have hiked? 24:55 Will the war end before the midterms? 25:42 How much do the midterms matter? 26:49 Oil, the Strait of Hormuz and more rate hikes 27:50 How to find a job in the age of AI 28:00 "We're only hiring power users of AI" 30:00 Go study English…