First Friday: Stocks Crashed. Jobs Boomed. Now What?

This First Friday episode breaks down a historic stock market selloff in which a major tech index lost $2.3 trillion in a day, the biggest one-day loss on record. It explains how the selloff spread from AI stocks after midterm elections raised questions about data center construction, and covers concentration risk in index funds. The episode also analyzes October's jobs report, which showed 165,000 new jobs and a 4.1% unemployment rate, along with diverging private payroll data. It discusses the Federal Reserve's decision to hold rates steady, inflation at 3.7%, and what these mean for your wallet. Finally, it examines long-term Treasury yields and a simple rule of thumb for the 10-year Treasury.