Winter is coming, and the financial market is in a panic!

Gold, silver commodities, cryptocurrencies, and U.S. stocks have collapsed.

[The latest data shows weak employment, expectations of interest rate cuts have cooled, and the market is turbulent]

The number of new non-farm payrolls in the United States in July was only 114,000, far below expectations, and the unemployment rate rose to a record high of 4.3%.

At the same time, the core PCE price index rose 2.6% in July. U.S. President Biden said that "prices are still too high at present", indicating that the Federal Reserve will stop cutting interest rates. The market is worried that the economic slowdown will be faster than the rate cut.