😍 Let me break down the Trump drama and what just happened:
My outlook shifted quickly — after the July jobs report, the odds of a Fed rate cut jumped from 40% to over 75%.
In the U.S., there are two main job reports — one from the private sector, and one from the government.
🏠 Private sector data showed a decline of -258k jobs for May and June combined.
🏛 Government data, on the other hand, showed an increase of 33k+ jobs, mostly coming from the healthcare sector.
➡️ If these numbers are accurate, this marks the slowest job growth since 2020.
And with such a huge discrepancy, Trump fired the lead statistician for allegedly reporting false data.
Looking back, the Fed revised down 818k jobs in 2021 — likely to avoid cutting rates at the time.
📉 This time, by September, there may be no reason left not to cut.
😋 With that in mind, I’m starting to believe alts may have found their bottom.
So this morning, I closed all short positions and opened a small long, then began DCA-ing into it.
I meant to post earlier, but got caught up gathering more data for everyone.
