The Shroedingers's Cat market continues.
Maybe we should just turn the TV off
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May 2022 layoff data is out: 1.4 million. Still a top 10 all time *low*.
The April data was not an outlier.
The jobs data last week was strong (+372,000 in June). But the inflation report this morning was weak (9.1%, a 40 year high).
The Shroedingers's Cat market continues. We’re both doing just fine and totally doomed, at the same time. Depending on which trailing indicators to choose to tune into.
What does the future look like? That’s what everyone wants to know. And literally no one, NO ONE, can tell you.
We can make some guesses. Commodity prices, things like wheat and copper, are tanking. Which is good news: raw materials are typically strong drivers of inflation.
But how long will that take to make a dent? And will it even continue? Again…no one has any idea.
I bring this up because, in my view, so much time and mental capacity is spent worrying about future events that may never happen. And we have no control over them if they did.
Dread causes paralysis. Keeps you from being effective at work and from enjoying your personal life.
The only thing you can do is make a plan for how to keep your business and career less dependent on which way the wind blows.
Later this week I’m going to share what steps Hirewell took since the 2008/2009 financial crisis to make our business a little more bulletproof. In case that helps.
In the meantime, ignore the talking heads on CNBC. They’re just reading copy from a teleprompter to sell ad space. They have no idea.
You can follow me on LinkedIn here and Twitter here. Join the discussion on this LinkedIn post (or give it a 👍) here.