KG: JOLTS Down Justifying Rate Cuts, VIX Spike "Near the End" & Silver's Flush

• December 2025 JOLTS data came in lower than expected (6.542M vs 7.200M estimate), with prior months revised down, signaling a weakening labor market.
• Initial jobless claims rose to 231K, exceeding estimates, and Challenger Job Cuts for January 2026 (likely 2024) were the worst since 2009, further supporting a softer labor market outlook.
• The S&P 500, NASDAQ-100, and Dow Jones are all down, with tech stocks continuing their sell-off. Volatility (VIX) is above 20, but the speaker suggests the spike might be nearing its end.
• ECB and BOE left interest rates unchanged, with the BOE decision being split. Commodity markets, including gold, silver, copper, and platinum, are experiencing pullbacks.

The video discusses recent labor market data, including JOLTS, jobless claims, and job cuts, which indicate a weakening trend. This data is seen as potentially justifying future interest rate cuts by the Federal Reserve. Markets are experiencing a sell-off, particularly in the tech sector, with a defensive rotation, while volatility is rising. Central banks in Europe (ECB, BOE) have held rates steady, and commodities are pulling back.