ππ«π²π©ππ¨ πππππ‘ππ« π π¨π«ππππ¬π The US economy added 263,000 jobs in November, far exceeding the 200,000 consensus expectation. Worker morale was bolstered further by larger-than-anticipated monthly wage rises of 0.6%, bringing the annual rate of wage growth to 5.1%. Despite a second straight reduction in the number of persons who said they were employed (this time by 138,000), the unemployment rate stayed unchanged at 3.7%, according to a survey of households. Now why am I telling you this.....????? Because this means the FED will not turn down the rate hikes, this is the ammo they need to say: "Things are fine, letΒ΄s get the interest up and up and up. They will hit that 5% in Q1 of 2023 and if these numbers stay as positive, they will continue. Rate hikes = low interest in crypto. Hence, this bear market ainΒ΄t done yet! We need that recession to kick in before things get better. Keep grinding!
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