Over the last 3 months, AI-affected sectors posted an average monthly decline of -11,000 jobs.
This includes roles in management consulting, graphic design, office administration, telephone call centers, computer systems, software publishers, and web search.
Since mid-2023, there have been only 2 months with a net increase in employment in these sectors.
By comparison, at its 2022 peak, employment in these industries increased by as much as +55,000 jobs per month.
Furthermore, employers cited AI as the reason for 38,579 job cuts in May, the highest monthly total on record, according to Challenger Gray data.
This marks the 3rd consecutive monthly increase since ~5,000 in February.
The impact of AI on the labor market is becoming increasingly visible.
Bitcoin a affiché son premier signal de stabilisation, mais selon Crypto Quant, le marché pourrait encore avoir besoin de davantage de stress avant que la phase baissière ne soit terminée.
Super Micro Computer stock, $SMCI , falls over -9% on the day on news that the company's office has been raided as Taiwan expands its "chip smuggling" probe.
The cost of leveraged equity positions is surging:
The implied 3-month S&P 500 financing cost is up to ~110 basis points, the highest since December 2024.
This metric measures how expensive it is for investors to hold leveraged US equity positions, with higher readings indicating tighter financial conditions in equity markets.
Implied financing costs have doubled over the last 2 months.
This comes as surging demand for leveraged exposure through leveraged ETF inflows and elevated futures positioning has driven an unusual mid-year spike.
Rising financing costs are directly increasing the burden of holding leveraged positions, and when those costs become too high, forced deleveraging can accelerate market volatility.
Market leverage is becoming dangerously expensive.
Les hedge funds ont vendu les plus grandes quantités d’actions américaines de technologies de l’information au cours de la semaine se terminant le 25 juin, depuis le début des données en 2016, selon Goldman Sachs.
Ce niveau dépasse même août 2024, lorsque le Nasdaq 100 a chuté de plus de -10 %, entrant en zone de correction.
Au total, les hedge funds ont vendu le plus d’actions américaines depuis le "Liberation Day" d’avril 2025.
Pendant ce temps, l’exposition aux actions Magnificent 7 en % de l’exposition totale des hedge funds américains est tombée à 14,5 %, proche du plus bas niveau des 3 dernières années.
Ce pourcentage a diminué de 7 points de pourcentage depuis le début de 2026, soit la plus forte baisse sur 6 mois depuis le marché baissier de 2022.
Les hedge funds réduisent leur exposition à la tech américaine.
Les dépenses annuelles de conformité de Binance atteignent 300 millions de dollars, les interceptions de fraude dépassent 10,5 milliards de dollars.
760 000 000 000 $ ajoutés aux actions américaines aujourd’hui alors que le président Trump a confirmé que les États-Unis et l’Iran se rencontreront demain.
The 2x leveraged long MicroStrategy ETFs, MSTX, and MSTU, are both down -82% year-to-date, trading at their lowest levels since their 2024 debuts.
At the same time, the 2x leveraged long MicroStrategy ETF, MSTP, is down -81%, also at its lowest since its June 2025 launch.
This comes as MicroStrategy, MSTR, has dropped -46% year-to-date, down to its lowest level since February 2024.
Last week alone, MSTX, MSTU, and MSTP nearly halved in value, as MSTR declined -27%.
Meanwhile, both long and short leveraged ETFs tied to MicroStrategy that launched in 2024 are down more than -90% since inception, even as billions of dollars have flowed into the funds.
Leverage is magnifying losses across the crypto market.