#Unemployment Rate at 4.3% instead of 4.1% and the market is panicking!

• VIX (Volatility Index) is up 45% in just one day... currently at 27!

• $2.9 TRILLION wiped out from stocks today. THE WORST DAY SINCE 2020 COVID CRASH.

• JP Morgan sees (2) 50bsp rate cuts in September and November.

• Goldman Sachs sees (3) 25bsp rate cuts in September, November and December.

Also the Sahm Rule has been triggered - it has predicted every recession since 1970s correctly with only 2 false positives that ended up being correct with a delay of a few months.

Claudia Sahm just spoke and said that "we're not in a recession but the odds of entering a recession in the next 3 months are high."

This would also allign with the fact that we always get a recession after the first interes rate cut, which will happen in September. We also had the usual stock rally after a rate pause.

Sure, it’s possible that this time could be different and that's what the FED will be hoping for whilst cutting rates from September to reduce the impact.