#NasdaqETFUpdate 🧨 JPMorgan: The US economy is 'slowly cracking at the seams', despite upbeat employment reports — DailyHodl

📉 JPMorgan's chief strategist David Kelly told CNBC: behind the headlines of job growth lies a dangerous dynamic. In May, 139,000 jobs were indeed added, but:

– Revision for March and April: -95,000.

– By households: -600,000.

– 625,000 people left the labor force (according to PNC Bank).

🇺🇸 "The economy looks strong only on the surface. But inside, it is losing momentum — slowly, but systematically," warns Kelly.

📌 He emphasizes:

– Weakness is spreading across more sectors.

– People are leaving the labor market, not just losing jobs.

– Demand is falling, companies are cutting investments and hiring.

– A domino effect is beginning, which is hard to stop.

⚠️ This is not a crisis in the face — it's a 'silent fracture'. And if the Fed does not change course, the slowdown could turn into a full-scale recession, especially against the backdrop of tight monetary policy and geopolitical uncertainty.