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Eshal fatima
đš THE JOBS NUMBER LOOKED BAD â BUT THE WAGE DATA MAY BE EVEN MORE IMPORTANT.
July employment came in shockingly weak:
đ -23K jobs vs. ~83K expected
đ Wage growth cooled to around 3.2%
đ Payroll revisions moved lower
And that combination matters.
The Fed isnât looking at jobs in isolation. If hiring is weakening while wage pressure is also cooling, the case for monetary easing becomes harder to ignore.
That could be a positive setup for risk assets like $BTC and $ETH â but I wouldnât call it bullish just yet.
Iâm watching three things next:
đŠ Treasury yields
đ” DXY
âż Actual $BTC/$ETH price action#AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000
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