Hupzy (Spot On Chain)|Aug 20, 2026 23:21
A record +𝟵 𝗽𝗲𝗿𝗰𝗲𝗻𝘁𝗮𝗴𝗲 𝗽𝗼𝗶𝗻𝘁 monthly jump in US small business hiring intentions — 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 3–6 months. With small firms employing ~46% of US private sector workers, a stronger jobs print could be on the horizon.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: With the Iran energy shock already pushing oil and rates to one-year highs, a tightening labor market cements the 𝗵𝗶𝗴𝗵𝗲𝗿-𝗳𝗼𝗿-𝗹𝗼𝗻𝗴𝗲𝗿 rate path. That's cross-asset bearish for BTC and risk assets — the next NFP print is the confirmation trigger.
source: KobeissiLetter
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