RE: Technical Recession
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stumbled on the comparison of the us stock market valuations to the costs of labor yesterday. they have not been aligned since the 70s and 80s.
were the to align, the AVERAGE hourly wage would be ~$250. OR of course the stock market come down 60-90% from its hypervaluation highs.
i still see a lower high, maybe this summer or fall. of that were to happen crypto might get its (shortlived) altseason. and then bear market time ahahhaa.
all just ideas of course, i have no clue what ia going to happen these days ;)
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Yes, I think there's a growing divorce between the two, the value of labor is generally diminishing in monetary terms yet stock prices keep going up and to the right generally. Which makes you wonder where the money is really coming from and who are really the buyers that a pushing the charts upwards abd for what reasons, is it just a smokescreen to mask something more important that's happening?
Oh wow, what a blow that would be lol, a lower high, short-lived altseason and back to the bear trenches. I'm not sure what the probability of that happening is from a data perspective but sentiment wise, it's around 40% for me.
Hope for the best, give it your all and prepare for the worst, I guess :)
Thanks for stopping by :)