Subject: Jobs weak, bubbles bursting, AI jitters
https://wellsfargo.bluematrix....

by Wells Fargo economists, February 5, 2026
December JOLTS: Slide in Openings Signals Labor Demand Remains Weak
Summary

The December JOLTS report underscored the labor market remains in a precarious position. Job openings fell to 6.5 million and are down around 10% over the past year. The ongoing slide suggests a turnaround in hiring conditions is not yet upon us. Turnover data also suggest labor market activity remains subdued. The hiring and quit rates remained near their lowest levels in roughly a decade in December, excluding the initial months of the pandemic… [end quote] - good charts here.

Stock Market Today: Nasdaq Slumps Again as Jobs Data Collides With Tech Selloff
Amazon earnings disappoint, sending shares down afterhours; bitcoin falls 13%

Investor jitters about tech stocks and the health of the U.S. labor market sent stocks lower Thursday.

The Dow industrials dropped 593 points, or 1.2%, while the S&P 500 also lost 1.2%. The Nasdaq fell 1.6%, adding to its worst two-day pullback since last April’s tariff turmoil… [end quote]

And take a look at bitcoin…and gold and silver. Bond yields dropped and USD rose as investors flew to safety.


Quickly and easily view and analyze mini-charts of up to 12 different symbols simultaneously, all displayed side-by-side on a single page

And take a look at VIX. It’s not to panic levels but the market is getting nervous as bubbles seem to be popping.
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Wendy