A week from tomorrow the government will release the jobs report and as I've been predicting, it's going to be less than stellar. Not only does it feel like the economy has started to really slow down but when DOGE decides to do headcount cuts, those are going to be felt in the data. Maybe not every DOGE cut is bad but in the aggregate they are going to kill the job report which may very well be the first noticeable crack in the seemingly impenetrable Trump mystique even if somehow it will be spun as a positive.
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