The YoY trend in full-time jobs is running at -1.2%, a big swing from +1.7% a year ago and +5.1% two years back. This not only represents a significant loss of momentum but is a fool-proof recession indicator.
There is nothing soft about this landing.
https://x.com/EconguyRosie/status/1809264053908373830
Regional banking crisis
Indiscriminate bloodshed selling
Continues.
https://x.com/great_martis/status/1809282702912418019
...the deflationary echo is hurting the financial sector, which this thread has been cautioning that we're at or close to peak point and risk:reward forward is likely to be to the downside
overnight as the major indices notched higher, big banks fell quite notably
* JP Morgan -1.87%
* Wells Fargo -1.71%
* BoA -1.2%
-Goldman -0.69%
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Its Over, page-22663
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