The U.S. job market in July took a surprising nap, adding just 114,000 jobs—far below the expected 200,000. To make things spicier, the unemployment rate nudged up to 4.3%, the highest it’s been in over a year. Looks like the labor market hit a bit of a summer slump, leaving economists scratching their heads and the economy giving off some "chill vibes." This was the reason for the major stock market sell off on Friday with the Nasdaq sinking 2.43%.

Takeaway: The job market slowed down in July, missing expectations and raising unemployment. The economy might finally be cooling off—but this may be just the sign that the Fed needs to lower those interest rates!

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Survey Says: Investment Strategies Are Shifting Towards Private Credit

The stock market is burning red hot these days, which has many investors wondering: If a market correction happens, where can we ride out the storm? 

A Bloomberg survey1 reveals that many institutions now prefer private credit over bonds to hedge against economic downturns. 

Why? T. Rowe Price data2 suggests that allocating 10% to private credit historically reduces volatility and improves risk-adjusted returns. 

But this ‘safe haven’ asset class isn’t just for Blackstone, KKR, and Morgan Stanley–now, everyday investors can diversify with private credit using Percent. 

• Low minimums: Start with $500

• Shorter durations: Maturity in 6-36 months (average ~9 months)

• Monthly cash flow: Most deals offer cash flow through monthly interest payments.

• Return potential: Percent boasts a net return over 14% in the last 12 months as of Q1 2024

Sign up with Percent and get a bonus of up to $500 with your first investment.*

^{*Alternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Those investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and those investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex investments and they are subject to default risk.}

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