🚨BREAKING: U.S. Nonfarm Payrolls came in FAR BELOW expectations. NFP: 29K vs 90K | prev. 162K Unemployment rate: 4.2% vs 4.1% expected That is a 68% miss versus expectations and an 82% drop from the previous month. Markets were already bracing for weaker hiring, but this report came in FAR WORSE than expected. Combined with SOFTER jobless claims and PCE, it strengthens the case for earlier or deeper Fed rate cuts. That typically means lower yields and a weaker dollar, which can SUPPORT stocks and crypto. The RISK though is that continued labor weakness shifts the story from rate-cut optimism to recession fears.