Unemployment Rate reading of 4.3% officially triggered the Sahm Rule, suggesting that we have already entered a recession.
This is down 12% from last month.
The decline suggests widespread layoffs & hiring freezes across manufacturing - a.k.a. ongoing economic challenges.
The only times it's been lower?
1) The dot-com bubble
2) ‘08 financial crisis
3) covid-19
We do need a rate cut soon
ZnWC Ultratech : Please don't be upset because not everyone agrees that the recession is coming at least not Claudia Sahm, the inventor of Sahm Rule. Read here:
This accurate recession indicator is flashing red, but the ‘Sahm rule’ creator says ‘this time really could be different' - Fortune
Moomoo's community guidelines encourage us to accept opposing views in a friendly environment. I learned something new reading @Brianjh's post but that doesn't mean I agree with him.
102178309 : A dollar each time I heard recession coming from analysts the past 5 years would make me a billionaire though.
Ed92 C ZnWC : Stop wasting your energy bro
This guy blocked me just because I have different POV in $Trump Media & Technology (DJT.US)$
Ultratech ZnWC : ya well I speak the truth. wannabe analysts have been wrong every step of the way and I do hate it when people post narrative stories fear mongering trying to manipulate people into selling everytime there's a red day. it chips away at people's accounts if they read this and sell..when people try to discourage investors i will confront them and try to warn people not to take loss by selling unnecessarily. Last week someone was telling me "we don't want to hear what you have to say" THE NEXT DAY NVIDIA RALLIED ALMOST 20% stocks go down 2% and you guys cry blood calling it a crash. I would be very surprised if market doesn't rally again before September.
102178309 Ultratech : I agree with you actually market should rally next week unless there is much more negative news.
Ultratech 102178309 : my best advice is to ignore negative news completely. I talk to a lot of old timers who know a lot more than these guys about investing and they will all say the same thing "it doesn't matter, stocks always go back up" (good stocks, undervalued/blue chips) September/Oct probably tricky area need to not take loss switching positions around in the US you get fked on taxes if you buy and sell a lot. most of these people are more into short selling, they think it'll be profitable for them to get retail investors to dump their positions at a loss. think about it. someone new to stocks just bought a bunch of shares, market dumps they see articles like this and sell at a loss. a few days later it rallies and they rebuy at a worse price. I'm calling it out. July was a crap month in general which is even more suspectably reason to see a bull run leading into September
STD0313 : I have to say that using the VIX as a gage of market emotion is just pointless. It measures volatility. Also the VIX is best looked at as a 3 month trailing average. Not as a singular data point.
Ultratech STD0313 : vix is a fake cloud that spikes when market is doing too good. sp500 hits a record high because it's doing good vix pushes it down and people think the market is crashing and go into a panic. then vix plummets as a stock rebound occurs. it's not crashing, it's bullish. opposed to what nay sayers and short sellers want you to believe the market is good. unless a nuclear bomb goes off there has always been war and look at market since it's inception. probably will go bearish but maybe if people learned to actually invest in stocks rather then just sit there playing with put options etc. we aren't in September just yet
Tonyco : Old Money is predictable, at least. My guess is last week it was a double panic, tech sell offs on "bad" earnings, and Boomers unsure of Harris ( Boomers are notoriously racist ).
Ezri Allen ZnWC : I agree. Maybe big tech goes down throughout the middle of August to September. I do think stocks will go down, but maybe two weeks from now. Currently these markets lows are attracting buys. Nvda 100 is appealing to people buying shares.
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