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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (61595)

6/3/2022 4:52:10 AM

From: towerdog

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Tesla chief executive Elon Musk said he had a “super bad feeling” about the economy and that the electric car maker needed to cut staff by around 10%, according to an internal email seen by Reuters.

The email, titled “pause all hiring worldwide,” was sent to Tesla executives on Thursday.

Tesla was not immediately available for comments.

If the plan is that bad news is good news add the above to Jamie Dimon comments, the game of Fed chicken has begun.

8:30 am	Nonfarm payrolls	May	328,000	428,000
8:30 am	Unemployment rate	May	3.5%	3.6%
8:30 am	Average hourly earnings	May	0.4%	0.3%
8:30 am	Labor-force participation, ages 25-54	May	--	82.4%
9:45 am	S&P Global U.S. services PMI (final)	May	53.5	53.5
10 am	ISM services index	May	56.7%	57.1%
10:30 am	Fed Vice Chair Lael Brainard speaks