👉 Data surprises on the downside! US nonfarm payrolls for September only 29,000!
This time, the nonfarm report really is a bit beyond expectations. The market had initially expected an increase of 90,000 jobs, but the actual figure came in at only 29,000. The slowdown in the labor market is clearly larger than everyone had imagined.
From a trading logic perspective, weaker employment will further strengthen market expectations for subsequent rate cuts. For risk assets, this could actually become a new tailwind.
On the BTC and ETH side, improved liquidity expectations may allow bullish sentiment to keep heating up. Gold also has fundamental support, and capital may continue to look for safe-haven and rate-cut trades.
As for US stocks, I’m particularly focused on memory chip stocks and AI-related growth stocks. If liquidity expectations continue to improve, there may still be room for the prior rally to extend.
Of course, if the data is too weak, the market may also worry about an economic recession. So tonight, the most important thing is still to see how investors interpret the data.
Is this actually “rate cuts are bullish,” or “a recession warning”? 🤔
#非农就业数据
This time, the nonfarm report really is a bit beyond expectations. The market had initially expected an increase of 90,000 jobs, but the actual figure came in at only 29,000. The slowdown in the labor market is clearly larger than everyone had imagined.
From a trading logic perspective, weaker employment will further strengthen market expectations for subsequent rate cuts. For risk assets, this could actually become a new tailwind.
On the BTC and ETH side, improved liquidity expectations may allow bullish sentiment to keep heating up. Gold also has fundamental support, and capital may continue to look for safe-haven and rate-cut trades.
As for US stocks, I’m particularly focused on memory chip stocks and AI-related growth stocks. If liquidity expectations continue to improve, there may still be room for the prior rally to extend.
Of course, if the data is too weak, the market may also worry about an economic recession. So tonight, the most important thing is still to see how investors interpret the data.
Is this actually “rate cuts are bullish,” or “a recession warning”? 🤔
#非农就业数据
