Markets flinched at the next tariff
Latest Processing Gap
The gap: the same week that capital is being torched in layoffs, it is being raised at record multiples one floor up. The market is not pricing an economy; it is pricing a story about which machines will matter, and routing human work out of the frame to pay for it.
Appearances
Trump signalled more aggressive trade moves; France called the US tariffs "unjustified" while racing to finish a pact; the US tech sector posted its largest job cuts in nearly two years even as Honeywell's Quantinuum raised $1.68B in a quantum-computing IPO.
The gap: the same week that capital is being torched in layoffs, it is being raised at record multiples one floor up. The market is not pricing an economy; it is pricing a story about which machines will matter, and routing human work out of the frame to pay for it.