Global Markets on Free Fall this NYSE
What Happened ?
Jobs Data !
Cumulative Drop from the Past 2 months and find that the Past two months saw a massive 907k drop in job openings, the Biggest since March 2023!
In simple Terms, Very less job openings from march 2023 record low levels.
This signals, Jobs recession.
Effect - We are pricing in an upcoming recessionary economy which will be confirmed by Next jobs data. Mag7 poor Earnings igniting the sell off.
This usually ends up in fed causing panic and fasten up rate cuts but by then as usual fed will be late and market knows something will be cracked by then.
So all in all, record slow jobs data is causing market fall which will be only confirmed by next jobs data where jobs recession will be confirmed.
Hope, now you are being able to catch and understand markets on a frequent and consistent basis and you are loving it, for the edge.
#WarshFedPolicyOutlook #ADPDataDisappoints #JPMorganSaysBTCOverGold #WhaleDeRiskETH
