As I said on Friday, no matter what the nonfarm payrolls report showed, the market was still going to fall this week. Over the weekend, the Jensen Huang affair scandal hurt NVDA’s reputation. The overnight session has already started weighing on the broader market and pushing it lower. Then Rubio said Iran’s negotiating demands were absurd and unacceptable, and news outlets reported that a third wave of strikes could be launched. Crude oil has started to rebound. This is in line with the outlook I laid out over the past couple of days. I’m continuing to hold short positions in U.S. stocks and BTC, and a long position in crude oil.
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清水研市
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Here’s my take on tonight’s nonfarm payrolls report: the broader market will plunge again, regardless of whether the figures beat expectations. If they do, another sharp drop is inevitable. If they come in as expected, we’ll first see a small rebound, followed by another major plunge. That’s because CPI is due next Tuesday and PPI on Friday. Investors will use any small rebound to exit, and a large-scale buying-the-dip move is unlikely before these two potential market headwinds land next week.