ADP headline hides a weakening labor market. UPS and Amazon just erased 46,000 high paying delivery jobs in 24 hours. Low income households barely growing this year. Overall slowdown in consumer. Stocks at all-time highs

ADP National Employment Report And What the Headline Misses About Today’s Labor Market ADP says private employers added 41,000 jobs in December, framing it as a rebound. But when you slow down and look at where those jobs came from, …

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Bulls are misled by GDP, BLS models, and volatile assets like Bitcoin. The real unemployment rate is 7.2%.

This happens in Canada too! — Mothersilverape (@mothersilverape) December 15, 2024 https://twitter.com/j77324/status/1868113104136986809 https://twitter.com/dailyjobcuts/status/1867920697030578185 The labor market continues to weaken, hard to see a rebound in positive momentum at maximum employment. Employment to pop ratio is finally declining, however. pic.twitter.com/jRvCxKqDYI — …

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We’re in a new regime: higher volatility, lower liquidity, global deleveraging. Risk assets face bigger price swings and downward pressure…. $6.4 trillion erased from global markets in the past 3 weeks.

The “pain trade” is back… That means for traders it's a good time to consider smaller position sizing, wider stops and much more discerning execution. – Smaller size to reduce total exposure – Wider stops to account for illiquid, volatile …

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