Investors losing money in the stock market believe the game is rigged. But if anything, it's rigged to go up not down. Asset prices have always gone higher over the long-term even after bear markets and corrections, as @RyanDetrick explains on Full Signal.

$HYG up nicely today and is now positive over the past month. Not what you'd expect if the world was ending. Remember, this bottomed right at 2pm on Thursday when all the hysteria was happening (even as stocks collapsed the final two hours).

We've heard for a couple years now that AI would take all the jobs. Here's are four things to consider: •Employers added 165,000 jobs in October, taking the three-month average to 137,000. Monthly job growth has averaged 86,000 this year, a significant recovery from the average loss of 7,000 jobs per month between May and December 2025. •The unemployment rate is at a historically low 4.1%, and it's been below 4.5% for a record five straight years. •The prime-age employment-population ratio is at 80.7%, higher than anything we saw in the 2000s or 2010s economic expansions. More people in their prime working-age years are working now than at any point during the last two expansions. •The layoff rate (layoffs as a percent of the workforce) is just 1%, even lower than the 1.2-1.3% we saw in 2018-2019, when the labor market was exceptionally strong.

AI has unquestionably been inflationary this year. So if all the building slows down, could that be a potential positive to the inflation backdrop? We've been on record the Fed would be significantly more dovish than what the Fed Funds Futures were pricing in and could this now say no more hikes?

Last year, the S&P 500 gained 16.4%, but if you missed the best 10 days that dropped to minus 9.5%. Since '90, stocks have gained 7.7% a year, but if you missed the 10 best days each year? It goes down to -15.4%.

86k jobs created a month in 2026. One of our more contrarian calls has been the labor market would improve in H2 '26 and we continue to think the labor market is a bright spot.