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Andrew Lokenauth
@Andrew Lokenauth

I write https://TheFinanceNewsletter.com, trusted by 100,000+ readers to get smarter with the economy, geopolitics & finance. 


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Recent Notes

Andrew Lokenauth profile picture
They’re putting AI data centers in the ocean next.

Panthalassa, a startup from Portland, just raised $140 MILLION in a round led by Peter Thiel.

- Giant steel platforms lfloat far out at sea
- Floating orbs use waves to make power
- That power runs AI chips onboard
- Cold seawater cools them
- The electricity never comes back to land
- Only the AI’s answers do — beamed home by satellite

Andrew Lokenauth profile picture
For 14 years, the Fed told markets exactly where rates were headed.

That ended today.

The Fed will give investors fewer clues about future interest-rate decisions.

Fed Chair Kevin Warsh says the Fed has dropped forward guidance.

Andrew Lokenauth · 4w
2 million Americans haven't had a paycheck in over 6 months. That's up +524,000 in a year. The most since 2021. That’s now 27.5% of ALL unemployed Americans. A year ago it was only 20%. Here's wh...
 Andrew Lokenauth profile picture
Andrew Lokenauth @Andrew Lokenauth
Unemployment benefits stop at week 26 in most states. So the moment you cross into this group, the safety net disappears.

Companies aren't hiring. If you don't have a job, you're stuck in line behind everyone who lost theirs after you. Recent grads can't even get in the line.

And the longer you're out, the harder it gets. Hiring managers see a resume gap and move on. Which extends the gap. It's a doom loop. And 2 million people are stuck in it.
Andrew Lokenauth profile picture
2 million Americans haven't had a paycheck in over 6 months.

That's up +524,000 in a year. The most since 2021.

That’s now 27.5% of ALL unemployed Americans. A year ago it was only 20%.

Here's why this matters:
1
Andrew Lokenauth · 4w
Unemployment benefits stop at week 26 in most states. So the moment you cross into this group, the safety net disappears. Companies aren't hiring. If you don't have a job, you're stuck in line behind everyone who lost theirs after you. Recent grads can't even get in the line. And the longer you're...
Andrew Lokenauth profile picture
Stocks are dumping. $2 trillion wiped out from US stock market today. S&P 500 down 2.6%.

Crypto is dumping. Bitcoin crashed under $60,000. Over $130 billion wiped out from crypto today.

Gold is dumping. Gold down 4% today.

Nasdaq-100 down -4.8% and Nasdaq down 4.2% today.

$1 trillion wiped out from Semiconductor stocks today. PHLX semiconductor index down over 10%.

Trillions of dollars wiped out today. Absolute bloodbath.