With the rapid decline last night, the altcoins have been completely reshuffled, and most altcoins have fallen below the bottom range of the past six months. To be honest, this wave of decline is simply outrageous; this kind of drop makes He Yang feel like it's just burying a great landscape!
This is due to yesterday's radical remarks by Trump, as well as Musk's temporary lack of plans for X to support Dogecoin payments, which triggered the "bloodbath" as indicated by the early market!
1. Two important data points tonight:
The small non-farm payroll data to be released at 21:15 is expected to show 6,000 fewer jobs than the previous value, which is a slight positive for interest rate cuts!
Additionally, the initial jobless claims for the week at 21:30 are expected to be 7,000 more than the previous value. These two data points corroborate each other, both representing a slight positive!
2. The heavyweight data, of course, is the big non-farm payroll data released on Friday evening:
The unemployment rate for the big non-farm payroll data is basically consistent, but the expected value for non-farm employment is lower than the previous value by 67,000, which is much worse than the small non-farm payroll data. He Yang believes this is absolutely a positive indication!
For the small and big non-farm payroll data, if the published values are not far off from the expected values, it is undoubtedly positive. Therefore, the probability of an interest rate cut by the Federal Reserve at the end of this month will greatly increase! Even if there is no rate cut this month, it won't be far off! The medium to long-term interest rate cut cycle remains unchanged! Thus, liquidity will not be a concern in the long run!
This is due to yesterday's radical remarks by Trump, as well as Musk's temporary lack of plans for X to support Dogecoin payments, which triggered the "bloodbath" as indicated by the early market!
1. Two important data points tonight:
The small non-farm payroll data to be released at 21:15 is expected to show 6,000 fewer jobs than the previous value, which is a slight positive for interest rate cuts!
Additionally, the initial jobless claims for the week at 21:30 are expected to be 7,000 more than the previous value. These two data points corroborate each other, both representing a slight positive!
2. The heavyweight data, of course, is the big non-farm payroll data released on Friday evening:
The unemployment rate for the big non-farm payroll data is basically consistent, but the expected value for non-farm employment is lower than the previous value by 67,000, which is much worse than the small non-farm payroll data. He Yang believes this is absolutely a positive indication!
For the small and big non-farm payroll data, if the published values are not far off from the expected values, it is undoubtedly positive. Therefore, the probability of an interest rate cut by the Federal Reserve at the end of this month will greatly increase! Even if there is no rate cut this month, it won't be far off! The medium to long-term interest rate cut cycle remains unchanged! Thus, liquidity will not be a concern in the long run!