Rick Santelli - Buzzberg

Date	Ticker	Direction	Thesis	Source
Feb 11, 2026	US EQUITIES /S&P 500	LONG	January jobs came in at 130k (vs 55k expected), and Santelli argues the "neutral" number needed to keep unemployment stable is now only 50k. Despite political negativity and revisions, the labor market remains robust enough to support growth. Global GDP is ramping up, and the US is leading this acceleration. "Jump in the markets" – ignore the naysayers. Downward revisions to data continue; inflation reignites.	CNBC Squawk Pod: January’s jobs picture & AI disru...
Feb 11, 2026	US TREASURIES	SHORT	"Zoom zoom zoom is what yields are doing... a two year really screaming from 345 all the way up to 353. Why? Because these are solid, solid data points." The jobs report showed a drop in unemployment (4.3%) and hotter-than-expected wage growth (0.4% MoM). This "solid" economic data forces the market to price out aggressive Fed rate cuts, causing yields to spike and bond prices to fall. Short Treasuries (or Long Yields) as the economy shows resilience, countering the "naysayer" recession narrative. Benchmark revisions showed -862k jobs over the past year, indicating the long-term trend might be weaker than the headline monthly number suggests.	CNBC U.S. payrolls rose by 130,000 in January, mor...