How labor numbers are affecting the market

Since last week: 

Recent jobs numbers have dashed hopes that rate cuts will be coming in March. This is evidence, at least for now, that the economy is still growing. 


1. Record Layoffs

The labor market could be in trouble, with January seeing the highest number of job cuts since early last year. Layoffs are said to have numbered over 80,000 with tech and finance being hit especially hard. This is something that could ripple out and mean further trouble down the line for the economy. There are strategies you can use to prepare for the rockiness that will bring

2. Ethereum ETF

First it was Bitcoin, now Etheruem may be next. There is speculation that Ethereum ETFs could be approved by the SEC within the next few months. Ethereum is the world’s second-largest cryptocurrency and as speculation about this becomes more widespread, more investors could rush in and drive up the price. This is exactly what happened with the Bitcoin ETF approval. You can click here to learn how to buy in now and beat the crowd.

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3. Virginia’s Offshore Wind

Virginia will be getting a 2.6 gigawatt offshore wind project thanks to Dominion Energy. The last two major federal approvals needed were just signed, and this could end up being the largest project of its kind in US waters. This is just one of the latest developments in a trend of green energy projects that are going to become increasingly common in the US. The massive amount of money flowing into these projects means that people who invest in them could win big as long as they back the right names. Click here to learn more about one of them

4. Gold’s Ups and Downs

Gold has experienced a week of ups and downs, influenced by recent labor market news. Even so, it’s been holding in a range about $2,000 per oz, showing resilience and cementing its status as a safe haven investment in times of uncertainty. There’s still time to get in on one of the best investments in the space right now, and you can do that by clicking here.

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What to Look For

There are rumblings around newly-revived fears involving commercial real estate. The potential for contagion would affect banks all over the world, indicating the scale of the problem if it materializes.

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle