RE:Turning pointMore corporate layoffs just announced. As mentioned, this is becoming a daily headlne. I expect (US) unemployment to crack the 4's at the next announcement, which has not been seen since January 2022. Breaking the tight labour market is a milestone the FED wants to see before cutting.
https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html https://data.bls.gov/timeseries/LNS14000000 flamingogold wrote: Today's lower than anticipated CPI# was pivotal as it likely marks the end to rate increases. Economy is already slowing down, layoffs are ticking up and will peak in the new year. This will be the impetus for the FED/BoC to drop rates for the first time since covid began in March 2020 over 4 years. As a result, stocks should be higher by Spring and the distribution here resumed.