@WeChats:
2025 Rewind: Stocks Hit Record Highs, But Is the Economy Secretly Cracking? We are looking at a "Time Machine" review of the US economy in 2025, derived from The New York Times data. The narrative is conflicting: on the surface, the S&P 500 is ripping, hitting its 38th all-time high fueled by AI. But beneath the hood, the engine is sputtering—unemployment is at a 4-year high (4.6%), and inflation data is becoming unreliable due to government shutdowns. Why does this matter? Because we are witnessing a massive divergence between Wall Street (Earnings) and Main Street (Jobs/Inflation). History tells us this gap eventually closes—usually violently. 1️⃣ The Tariff Trap: Revenue Up, Costs Higher Trump’s trade war, launched in April 2025, created a weird paradox. * The Good: The trade