- US retail sale numbers rose and are set to rise higher with the holiday season
- Unemployment numbers are 4.2, falling from 4.3 a month earlier
- Even richer segments like Uber, DD, and Instacart revenues are at an all-time high
- We are set for a rate-cut cycle that will add more steroids to the economy
All this means only 1 thing — the recession is canceled, "at least for the time being".
Unless you are Canadian, of course. Then you are f*ked.
US Recession is cancelled!
byu/blackSwanCan inwallstreetbets
Posted by blackSwanCan
24 Comments
Cancelled for today, could be back on by lunch, then recancelled, then in full force tomorrow, only for it to be cancelled by Thursday then Friday officially announced
Thank God. All the toilet paper i was buying started filling up my apartment
Seems like this sets the top
Yea it is cancelled my grandpa jpow told me
[deleted]
Canadian here – can confirmed the fucked part.
The data IS looking decently solid
Unemployment numbers were only preliminary. They will release actual numbers later this month.
Priced in
Canada isn’t a serious country run by serious people
fuk all bers
All economic / FED #s are just signals for MM’s to dump at weekly highs
Yes, they totally won’t revise the jobs report down like they have done the past eleventy billion times.
There was never a recession in 2024.
So no rate cuts
this is all faux bullishness before the rate cut. Numbers are fake
Welp, kiss of death right there for all us
Unemployment dropped 0.2% and it caused the number to round down. Let’s not get carried away, it will be higher on the next report.
I am getting feeling that market going to tank next 2 days since seeing too many bullish posts lol
What about Buffets indicator (Market Cap to GDP). And what about yield curve un-inverting now that rates are going to come down? 👀
You realize when the Fed cut rates in 2001 the unemployment rate was the same level it is now. Even when they did the same in 2007 it was still only 4.7%. Unemployment kept rising due to the interest rate hikes from the previous years taking effect. The labor market isn’t doing a 180 just because of a .25 cut or even if they slashed rates to near zero at this point. But yeah it’s different this time I guess
Puts it is
As the rate cut will be 0.25% there will be blood bath in market.
Former canadian here, can confirm, was fucked!