The economic slowdown isn’t coming—it’s already here. Job market confidence is collapsing, growth expectations are slipping, and the data rolling in is far weaker than predicted. Yet, markets are still pricing in euphoria. That’s a recipe for disaster.
Economic data is coming in weaker than expected even before the growth negative fiscal policies from the new admin start to show up in the stats.
And for the first time we are starting to see some cracks in the euphoric expectations built into these markets.
Thread.
— Bob Elliott (@BobEUnlimited) February 24, 2025
‼️US consumers believe the economy is in a RECESSION:
51% of Americans expect a higher unemployment over the next 12 months, nearly in line with the 2020 Crisis peak.
In the past such a spike in pessimism about the job market has rarely occurred outside of RECESSIONS.
Bad sign pic.twitter.com/gfjUuLsds2
— Global Markets Investor (@GlobalMktObserv) February 24, 2025