#OtavioTaviCosta Of #Crescat Capital: "[Today,]The Employment Index Plunged To Levels Only Seen During Recessionary Periods... [T]here Has Never Been A Time That The Unemployment Rate Crossed Its 2-Year Moving Average And A Recession Didn’t Follow..."

"Very important data was reported today on the ISM Services.

The employment index plunged to levels only seen during recessionary periods.

Despite the better-than-expected job numbers today, there has never been a time that the unemployment rate crossed its 2-year moving average and a recession didn’t follow.

Keep in mind that the more labor markets deteriorate, the more favorable it is for hard assets."

#OtavioTaviCosta Of #Crescat Capital: "[Today,]The Employment Index Plunged To Levels Only Seen During Recessionary Periods... [T]here Has Never Been A Time That The Unemployment Rate Crossed Its 2-Year Moving Average And A Recession Didn’t Follow..."

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