Know Your Risk Podcast Hiring Gains Momentum
Feb 11, 2026
A fast-paced market update covering job data, Treasury yields, and intraday volatility. They break down a major offshore rig merger and why rig owners might beat producers. Housing policy and zoning incentives get attention along with practical wealth-building tips for young investors.
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PACCAR: Fundamentals Didn’t Move The Stock
- Zach recounts buying PACCAR at ~11x earnings where revenues rose 50% and margins improved but the stock barely moved.
- The story illustrates how passive flows and valuation shifts can disconnect fundamentals from price.
When Price Moves Big It Signals Mispricing
- Rapid, large directional moves reveal that prior market prices were wrong rather than fundamentals suddenly changing.
- Gentle, efficient moves usually indicate a market that is pricing assets reasonably well.
Don’t Expect Rate Cuts After Hot Jobs Data
- Hot jobs and rising wage/inflation prints make cutting rates difficult to justify in the near term.
- Expect the Fed to avoid cuts if unemployment and inflation hold near levels seen when cutting began.