The Sahm Rule. The macro-economy, this drop from 70k to 59k, and why I am still buying.

Author's forenote: I work in Bitcoin mining. I'm using Cashapp to buy bitcoin in small increments daily. I expend my labor to buy more bitcoin. Me and my wife already own a home in her country. We are stacking sats.

The Sahm Rule explained. - TL;DR: The sahm indicator is an indicator used to demonstrate whether or not the U.S. economy goes into a recession within 90 days of the time it is triggered. This was triggered (if memory serves correctly, I may be very wrong) across the average of America's economic output.

CAUTION / IMPORTANT CAVEAT: If you use this indicator on a state-by-state basis, then only 19 states have "triggered" this rule for the month of July. Additionally, a few months ago, I believe 30 states already triggered this, but now we are down to 19 states that "climbed out" of this indicator.

https://prnt.sc/6yW68y_lBiwf - graphic showing July 2024's data - Source: Benjamin Cowen on YouTube. Full video, this chart and important parts are explained at 17:40-21:30.

The selloff is less likely to be panic sellers, and more likely people who held for a long time looking to re-allocate their earnings in Cash to either A) buy bitcoin cheaper on the belief that there will be a 50% or greater drop in one day, B) Purchase other assets, or C) a combination of both A and B.