US tech layoffs are skyrocketing 🙃
May saw 38,242 job cuts in the tech sector—the most since August '24. So far this year, cuts are up 66% vs last year, hitting 123,653.
AI is the biggest reason for the 3rd month in a row. In May alone, 38,579 layoffs were linked to AI—
May US jobs blew past expectations (+172K vs +88K est), so all eyes are on inflation now. Wednesday's CPI is expected to hit +4.2% YoY—highest in 3+ years. Core CPI (ex food & energy) might rise +2.9% YoY & +0.3% MoM (down from April's +0.4%), which could be a welcome sign for
If you are a long term investor and an options trader…
Don’t overreact to yesterday
Simplify things
✅ Don’t be over leveraged
✅ Always keep some cash
✅ Buy long term assets based on your affordability
✅ Sell Puts only on stocks you want to own
✅ No market timing
My main options account dropped $126,573 this week.
Closed out some profits from stocks and options:
$19,857 🔥💰
Mostly from long calls on $NVDA, $NOK, and $META, plus a few sold puts, and profits from $NVDA, $AMD, $META, and others.
Hit that notification bell 🔔
$ABBV up over 5,000%
$PG up over 1,000%
$JNJ up over 700%
All shared here for absolutely free
Drop a like ❤️ so I drop the next big one
GOOD MORNING EVERYONE 🚨
After someone makes it through the market…
You can’t push them
You can’t hurry them
You can’t trick them
The pain taught them more than any class ever could.
The market doesn’t hand out money…
It creates beasts.
Thoughts? 👇