Content
@
0 reply
0 recast
0 reaction
Manator.eth π©πππ
@manator
The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. The results show a softening US labor market & are π for rate cuts. https://tradingeconomics.com/united-states/jobless-claims
3 replies
2 recasts
13 reactions
thugkitten π© π
@thugkitten.eth
Defo a strengthening case for rate cuts, though from casual observation the Fed is always slow to react, maybe a Q3 story?
1 reply
0 recast
2 reactions
Manator.eth π©πππ
@manator
I think it may come earlier since the EU and Canada just announced rate cuts by 25 BPS π .
1 reply
0 recast
1 reaction
thugkitten π© π
@thugkitten.eth
π€ the best of action is maybe doing nothing and Hodl. Time in market > market timing
1 reply
0 recast
1 reaction
Manator.eth π©πππ
@manator
Fully agreed my friend β€οΈ 100 $Degen
1 reply
0 recast
1 reaction
thugkitten π© π
@thugkitten.eth
Ty manator fam !
0 reply
0 recast
1 reaction