We’ve seen cracking appearing in the US economy in recent months

So now they’re making their way over to employment reports it puts NFP on high alert for weakness

Quite rightly, inflation has been a core focus for central banks and will continue to do so over the foreseeable future

Markets have been feverishly pricing in a recession as leading indicators point south of lose steam

The Sales Managers Index contracted in June which points to a recession, and consumer confidence hit a record low according to the University of Michigan Survey

Corporate layoffs rose by 11.8k in June according to the Challenger report, which is its fastest pace since January 2021

Furthermore, the index remains in a bearish channel, and this could simply be the third wave of a 3-wave correction

I’ve seen a few headlines regarding Wal Street’s fourth consecutive day higher, but I’m less impressed