The US labor market weakening under the surface:
The Kansas City Fed Labor Market Conditions Index fell to 0.26 points in May, the lowest since April 2021.
This index measures the job market strength based on 24 indicators.
As a result, the gauge has now declined for 3 consecutive years.
In previous economic cycles, this metric has been a leading indicator for the US unemployment rate.
The recent decline suggests that more job losses are likely coming over the next several months.
Labor market weakness is coming.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
The Kansas City Fed Labor Market Conditions Index fell to 0.26 points in May, the lowest since April 2021.
This index measures the job market strength based on 24 indicators.
As a result, the gauge has now declined for 3 consecutive years.
In previous economic cycles, this metric has been a leading indicator for the US unemployment rate.
The recent decline suggests that more job losses are likely coming over the next several months.
Labor market weakness is coming.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
👀2
DoomPosting
Day traders slow finally realizing that they were being ABSOLUTE IDIOTS this entire time, and slowly migrating away from a day trading strategy (Day trading = frequent buying and selling without ever hodling i.e. taking profits when just slightly up like…
Literally all the day trader influencers with the slightest bit of truthfulness now finally encouraging everyone to shift away from their insane BS perp day trading strategies
Day trading is a scam
No hodl until qualified exit event, no gain
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Day trading is a scam
No hodl until qualified exit event, no gain
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4
What finally killed the crypto non-holder perp day trading scam?
= onchain perp exchanges like Jupiter and Hyperliquid
Which finally exposed that virtually everyone but the house was massively losing money on perps trading, and especially those who did more than just a few trades
Crypto perps trading was the biggest scam of the cycle, and now finally it’s all starting to be exposed
Finally
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
= onchain perp exchanges like Jupiter and Hyperliquid
Which finally exposed that virtually everyone but the house was massively losing money on perps trading, and especially those who did more than just a few trades
Crypto perps trading was the biggest scam of the cycle, and now finally it’s all starting to be exposed
Finally
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🔥6💯2
“But you just have to learn to take profits!!!”
STFU you absolute scamming retard POSes
NO, fking no, you fking idiots
Knowing when to “taking profits” in day trading, in a way that doesn’t guarantee you get wrecked, is equally hard to knowing when to buy low
“Just learn when to take profits”, in day trading, is absolute scam advice pretending to be legit advice,
In the same way that “just buy low and sell high bro” is fake advice pretending to be real advice
— As the onchain perps exchange data finally proves
There is no “just learn to take profits and then you’ll do well”
Essentially EVERYONE on the perps exchanges is getting wrecked
“Take profits” has always been fake scam advice, passing itself off as real advice, that AFAIK no one else has ever even called out for what it is
No, do not just “learn when to take profits”
Stop perps day trading entirely, and instead shift to completely different choose-well-and-hodl-based strategies
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
STFU you absolute scamming retard POSes
NO, fking no, you fking idiots
Knowing when to “taking profits” in day trading, in a way that doesn’t guarantee you get wrecked, is equally hard to knowing when to buy low
“Just learn when to take profits”, in day trading, is absolute scam advice pretending to be legit advice,
In the same way that “just buy low and sell high bro” is fake advice pretending to be real advice
— As the onchain perps exchange data finally proves
There is no “just learn to take profits and then you’ll do well”
Essentially EVERYONE on the perps exchanges is getting wrecked
“Take profits” has always been fake scam advice, passing itself off as real advice, that AFAIK no one else has ever even called out for what it is
No, do not just “learn when to take profits”
Stop perps day trading entirely, and instead shift to completely different choose-well-and-hodl-based strategies
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4🔥1
DoomPosting
“But you just have to learn to take profits!!!” STFU you absolute scamming retard POSes NO, fking no, you fking idiots Knowing when to “taking profits” in day trading, in a way that doesn’t guarantee you get wrecked, is equally hard to knowing when to buy…
When you download the perps trading data for everyone, which is all onchain now, for anyone to download, thanks to Jupiter & Hyperliquid
— You see that essentially EVERYONE who traded more than a few times has a chart that looks like this
A bit up… and then just totally reckt and never recovers
Same chart virtually every single time
The time for denial is over
It’s all onchain now
Perps are evil
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— You see that essentially EVERYONE who traded more than a few times has a chart that looks like this
A bit up… and then just totally reckt and never recovers
Same chart virtually every single time
The time for denial is over
It’s all onchain now
Perps are evil
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4