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look at last recession, banks start cutting bonus and layoffs followed by tech sectors...I have not heard any layoffs even during the last holiday, if we are going into a recession the coming winter will see layoffs if not it will drag on another year or more. ask around if you know any white collar/entry level worker friends, have they stop contribute to their 401K if not moooore money for us traders, tax refund this years is $300-400 per individual more compare to pass few years, but who know what they will spend on, budlights or cigarettes, but the bigger money pool that is drying up is the fed helicopter cash here. the whole world is slowing down and going into recession and all their pensions and retirements money are redirected our way the safe heaven.Al_Dente wrote:Disney acquired Fox this week.
Now the layoffs begin:
https://www.deseretnews.com/article/900 ... worth.html
BullBear52x wrote:GDP is seeing no slowing down yet either this is weekly chart. see past recession, we got plenty of time, just stick around on Cobra forum you will not miss a thing.