UnusualWhales

Per The Washington Post and Goldman Sachs

Goldman Sachs economist Jan Hatzius said, "tech layoffs are not a sign of an impending recession," saying the unemployment rate would only rise by 0.3% despite most tech industries losing jobs simultaneously.

GS released a report noting economists say there is a 35% probability of a US recession over the next year.

Goldman Sachs: "The US may avoid a downturn partly because data on economic activity is nowhere close to recessionary."

See full $GS flow at unusualwhales.com/flow.