A lot of these companies, the Magnificent Seven and companies beyond that, they're spending a lot of money on artificial intelligence, but the payoff is a little bit further down the road.
The private sector excluding health care and social assistance added only 33,000 jobs in this last report, and that is well below the 137,000 average between 2015 and 2019.
The economy will not enter a recession in the near future. Normalization has looked like a pretty steep drop but from unsustainable heights.
Don't panic. Stay calm. Investing is long-term.
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