...if it turns out to be a soft landing, then PWC US should be 'shot'. It turns out firms are planning ahead for a major downturn or as if a recession is ahead.....markets would typically be the last to recognise.
PricewaterhouseCoopers’s (PwC) U.S. unit is laying off about 1,800 workers, its first formal layoff since the GFC, to address declining demand
....the market comeback in Wall St was brilliant, can thank Jensen Huang for that ("business can't keep up with demand") but wondered why he didn't say so earlier, and US mulling sale of chips to Saudi.
....there has to be a final melt-up to suck FOMO market participants again, but the blindsiding factor remains in play. The market likes to play hot cold hot cold rinse repeat, and likely to be the case for several months.
