Non-farm payrolls and unemployment rate are out!!! 美国 Both are higher than expected!!!! This brings a lot of uncertainty to the market: 1. Non-farm payrolls higher than expected: This indicates that the U.S. economy is developing at a moderate pace, and the Fed might not cut rates quickly... 2. Unemployment rate also higher than expected: A rising unemployment rate suggests the Fed might further cut rates... to prevent the economy from slipping into a recession... These two sets of data are basically pulling in both directions at the same time... So, the likelihood of the Fed cutting rates in January is relatively low... On top of that, with the Bank of Japan's announcement last night... yen interest rates are going up, and global markets are all down today. The bearish sentiment hasn’t been fully digested yet, so 美国 the data released tonight is being interpreted as neutral by the market, and it’s not buying it Let’s see how U.S. stocks perform later!!