Attend the Mad Hedge Traders & Investors Summit from June 2-5. Learn from 30 of the best professionals in the market with decades of experience and the track records to prove it. They are offering a smorgasbord of successful trading strategies. Best of all, by signing up, you will automatically have a chance to win up to $100,000 in prizes. To register, please click here.

The headline Unemployment Rate held steady at 4.3%. Labor participation rate stayed at a four-year low at 61%. The U-6 long-term unemployment rate rose to 8.1%. Bonds sold off on the news. Here comes inflation!

as the market loses its dominant narrative and liquidity continues to rotate into other assets. The combination has left the flagship cryptocurrency vulnerable to further downside pressure as investors scale back risk and capital shifts toward markets with more momentum or more obvious near-term catalysts, like the chip rally or the SpaceX IPO. Bitcoin is down 13% this week and heading for its worst week since February, according to Coin Metrics. The one-year low is at $55,000.

following a spike in investor redemption requests, as fears over liquidity pressures rattled private markets. Partners Group said on Thursday it was prepared to restrict withdrawals in more of its funds, warning that the spike in client withdrawals is now spreading from private credit into private equity. You chase for yield, you pay the price.

extending their decline to six weeks as exports rose and refineries ran near full capacity, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 8 million barrels to 433.7 million barrels in the week ended May 29 and were about 3% below the five-year average for the time of year, the EIA said.