$BTC
What did last night's data say? Although it wasn't as exaggerated as Bloomberg's estimates on Monday, the addition of 12,000 new jobs made people exclaim 'Wow!'
Looking solely at the new additions might make one feel that a recession is coming, but the explosive data brought by two super hurricanes and the Boeing employee strike, which are unconventional factors, have given the market a sense of certainty. The new job additions in October at least indicate that it's not due to problems within the economy, but instead has led to optimistic expectations regarding the extent and pace of interest rate cuts!
Furthermore, with the unemployment rate at 4.1% and a 0.4% month-on-month increase in hourly wages, concerns about a recession have been further alleviated. However, if the economy isn't facing any issues, Harris's chances of winning increase; if a recession occurs, Trump's chances of winning increase!