đ„ The âunstoppableâ US job machine just faceplanted.
+22k jobs in August.
Unemployment: 4.3% (3-yr high).
Past payrolls revised -911k.
Translation: The labor market wasnât strong. It was fake strong.
Markets are catching the flu â
đ Stocks bleeding
đ Bonds wobbling
đ Crypto coughing blood
So⊠does the Fed pivot?
Or do we find out how ugly this really gets?
Volatility isnât coming. Itâs here.