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.
...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%
