According to @KobeissiLetter, companies have announced 1.2 million job cuts in 2025 while 60% of Americans say the economy is in a recession. According to @KobeissiLetter, the S&P 500 has added roughly $17 trillion in market value since April and is nearing its 29th record high of 2025. According to @KobeissiLetter, this divergence between rising layoffs, recession sentiment, and record equity valuations is the key market focus highlighted in the thread.