June non-farm payrolls increased by 57,000, falling short of the expected 110,000. Additionally, April and May's data were revised down by a combined 74,000. This indicates that the slowdown in employment isn't just a one-month fluctuation but has been ongoing for several months. Although the unemployment rate dropped to 4.2%, this is more due to a decline in labor force participation and doesn't necessarily mean the job market is getting stronger. The market's reaction was straightforward: the dollar and U.S. Treasury yields fell, while gold and U.S. stocks rose. The market also lowered its expectations for further Fed rate hikes. One non-farm report isn't enough to make the Fed pivot; we'll still need to watch inflation data like CPI and PCE. But at the very least, the market has started pricing in expectations of improved liquidity. If this trend continues, it's a positive signal for gold, BTC, and AI growth stocks. Looks like the gold I bought at $4,200 is finally showing some hope of breaking even.