Hupzy (Spot On Chain)|Aug 20, 2026 23:21
A record +๐ต ๐ฝ๐ฒ๐ฟ๐ฐ๐ฒ๐ป๐๐ฎ๐ด๐ฒ ๐ฝ๐ผ๐ถ๐ป๐ monthly jump in US small business hiring intentions โ 20% of owners now plan to hire in the next 3 months, nearly double the ~11% historical average since the 1970s and the highest since October 2022.
This NFIB survey has historically led nonfarm payrolls by 3โ6 months. With small firms employing ~46% of US private sector workers, a stronger jobs print could be on the horizon.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: With the Iran energy shock already pushing oil and rates to one-year highs, a tightening labor market cements the ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ-๐ณ๐ผ๐ฟ-๐น๐ผ๐ป๐ด๐ฒ๐ฟ rate path. That's cross-asset bearish for BTC and risk assets โ the next NFP print is the confirmation trigger.
source: KobeissiLetter
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