...jobs outlook is getting worse in US (everywhere for that matter). And markets are fretting over the coming NFP (non farm payrolls) tomorrow night, so will be on tenterhooks.
...a higher or better than expected NFP won't help the 50bps case the market is hoping, while a lower NFP could re-ignite recession fears.
...the market is typically right imputing a recession before it happens, by a few months ahead. If we get that nasty correction between now and Q1 2025, it probably means recession follows not long after, possibly the next quarter.
....you saw how weak the Australian economy is, which is the same everywhere globally,- we are on the PRECIPICE, we only need one adversity or the fruition of a confluence of adversities manifesting under the surface to tilt the economy into a Recession.
....if you understand the FRAGILITY of Where We're At, you would start preparing to get out of harm's way and stay on the sidelines.
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The job openings rate has fallen to 4.55%, just a whisker above the 4.5% rate that Fed Governor Christopher Waller has identified as the tipping point at which unemployment could surge if openings fall any further.
Get out of stocks. Now.
https://x.com/PeterBerezinBCA/status/1831401951541784816
Its Over, page-23533
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