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wtf is with this sawtooth pattern over the past month?
I knew yesterday’s pump was fake and gay, and I bet the downward trend will continue.
massive big tech lay-offs are coming again over the next month to Meta and Microsoft, and I wouldn’t be surprised if more companies were to join them.
Ordinarily, these lay-offs are bullish because of cost cutting — but it demonstrates that the labor market isn’t “tight”, on top of the fact that such massive lay-offs usually only happen if CEOs are feeling a pinch on their EPS or profits (which isn’t really a prevailing story right now)
