⚠️ Last night's non-farm payroll report was a cliff-like plunge, delivering the worst employment data since the pandemic: Employment dropped by 92,000, completely shattering the fragile narrative of a stabilizing labor market in January. This is exactly the scenario the Fed hates the most— In theory, terrible non-farm data calls for rate cuts; But Iran has shut down the Strait of Hormuz, and oil prices are easily heading toward $100, with the abyss of inflation waiting for the Fed. Structural inflation + low employment prosperity + uneven economic recovery + policy chaos + geopolitical risks + GDP growth without needing people = Even a deity couldn’t handle being the Fed Chair right now! At this point, all dollar assets except ultra-short-term bonds are dropping simultaneously, and the crypto market won’t be spared either. So, for the next 2 months, just lie flat and play dead! The more you mess around, the more you’ll lose!