Unironically, this is great for stocks. Due to leverage being so high all that matters right now is lower rates, and bad job numbers are an excuse to lower rates.
Meanwhile working class like me are looking for ways to cut expenses everywhere possible at the moment. Been having serious conversations with the spouse about how to cut more.
The stock market has been huffing the rate cut copium since 2022. All of that shit has been priced in and hasn't been corrected since. Nothing short of AI discovering infinite energy will make these retarded valuations make sense.
Unironically, this is great for stocks. Due to leverage being so high all that matters right now is lower rates, and bad job numbers are an excuse to lower rates.
Meanwhile working class like me are looking for ways to cut expenses everywhere possible at the moment. Been having serious conversations with the spouse about how to cut more.
The stock market has been huffing the rate cut copium since 2022. All of that shit has been priced in and hasn't been corrected since. Nothing short of AI discovering infinite energy will make these retarded valuations make sense.