Chris Trottier on Nostr: The stock market hit an all-time high today. But why? Because data shows that the ...
The stock market hit an all-time high today. But why?
Because data shows that the American job market is the weakest it’s been since February 2020. Which means there’s likely to be an interest rate cut. And an interest rate cut means cheaper loans for businesses.
https://finance.yahoo.com/news/wage-growth-keeps-slowing-for-job-switchers-as-us-labor-market-cools-off-143726183.html
Because data shows that the American job market is the weakest it’s been since February 2020. Which means there’s likely to be an interest rate cut. And an interest rate cut means cheaper loans for businesses.
https://finance.yahoo.com/news/wage-growth-keeps-slowing-for-job-switchers-as-us-labor-market-cools-off-143726183.html