The market was up big yesterday into the close with no recession in sight…
And yet corporate America folks are still getting fired.
Microsoft is laying off more employees again.
That’s on top of 10,000 workers who were announced as part of layoffs that have already occurred this past January.
This is fairly surprising considering Microsoft’s incredible progress because of its partnership with OpenAI.
“Organizational and workforce adjustments are a necessary and regular part of managing our business,” said a Microsoft spokesperson. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”
In other words, “SUCK IT UP AND DEAL WITH IT” was their message to those who they just sent packing.
What does this really mean? MSFT (and probably other tech sector companies) are looking to cut costs on cloud computing as competition in that sector has been heating up.
Despite the economy supposedly growing, both companies and consumers are looking to cut their overall cost of existence.
This suggests that the “happy-talk” doesn’t really reflect the actual facts on main street.
If you are going to pay attention to one thing right now, perhaps it shouldn’t be the Fed, politics, or even GDP. Instead, maybe focus on earnings as the numbers usually don’t lie!
There’s a deeper story unfolding right now. And it’s one those in power probably don’t want to talk about openly. But I’ll be discussing it here because that’s what I do!
Look, whatever is going to happen is going to happen.
The sooner we accept that we can’t change it, the sooner we can carry on with living our best lives and focusing on the things that we can actually control.
I can help you better control your emotions when it comes to approaching the market. It doesn’t matter if you’re a day trader, swing trader or an investor.
If you’d like to have a no obligation, one-on-one conversation about the tools and services I can offer you, let’s chat! I can be reached at: [email protected]
You can also click here to watch how my strategy may help you in the near future…