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📊 Don't Look Only at July NFP
The headline number is already shocking:
July NFP: -23K
But there's another number traders shouldn't ignore:
Previous payrolls were revised down by 103K.
That's important because it changes the story from:
“July was unexpectedly weak”
to:
“The labor market may have been weaker than previously believed.”
Unemployment fell slightly to 4.1%, but #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000
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