Everyone's obsessing over [Kalshi's jobs miss odds](https://www.cnbc.com/2026/06/29/kalshi-traders-expect-this-weeks-jobs-report-will-disappoint-wall-street-outlook.html) and (https://www.marketwatch.com/story/wall-street-is-bracing-for-a-wave-of-fed-rate-hikes-that-may-never-come-these-sectors-stand-to-gain-63229922). The real signal is that stable rates — not falling, not spiking — are perfect for life insurers.

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