Bad News is Bad News Again (Patreon)

Markets are all red on the latest jobs report.

Ive been talking about this for a while... a few thing happened

Huge decline in nonfarm payrolls, 114k vs est 175k Unemployment rate jumps from 4.1% to 4.3% Prior revised down from 206k to 179k

This is going to force the FED into high gear - to avoid crash landing ie double cut

rates changed fast now 80% change of 50 bps cut - was 20% yesterday

Markets all red

Yesterday I spent about 6% of my cash. I am tiptoeing into the market.

I am 12.4% cash now and will deploy when time is right - but as always summer sucks.