GM were heading into a recession for 2025...

Wages are already indicating softness and a higher risk of DEFLATING.
A massive lack of pricing power at big companies: DOWNSIDE risk.
-1 USD to JPY:RISK FACTOR AGAIN OF A TOPPING MARKET.
Euro crisis recession > contributes to potentially lower trade and lower US GDP
When the stock market crashes, we tend to lose JOBS
When the stock market rallies, we tend NOT to gain JOBS
27 weeks unemployed level rising.
AI bubble AMD layoffs, Applied Materials miss, ARM/AMD miss slightly and stocks sell off. This
is just the beginning but remember: once LLMS are a Commodity then infrastructure build out
becomes redundant.
Yield curve warning.
Sahm rule trigger/untrigger (happened in 06 as well)
Private payrolls negative.

(All of these could U- turn and everything could then be fine But I' m not optimistic as the
trend is rough.)