It seems like suddenly in the past 2 months many large cap companies are laying off thousands of employees. Tbh it seems like this is something currently only happening with large cap companies. The reality that the fed is hiking and hiking has not hit Main Street … Yet.
I am usually one to keep a close eye on the what ifs in the market. I was one that incorrectly played it safe in early 2020 because I thought we would have a double dip recession and we did not. This time around I think I am wrong because the market is crazy AND yes the saying about the market being irrational longer than I can stay solvent is probably going to ring true. I see the market most likely rallying the rest of the year and companies saying they are laying off 4,000 employees rallying because less people to pay?
On a more common day to day level the mom and pop shops all around are still hiring like crazy. The Fed today is going to hike by 0.25. It will keep hiking until we are literally in a recession because that is what they need to do in order to get inflation totally under control (I know inflation came down less than 1% according to news from a month ago but that means nothing truly… Inflation is still out of control and impacting the lives of everyday Americans).
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