Based on the "explosive" non-agricultural data and the result of a straight rise in employment, it can almost be concluded that a 50bp interest rate cut has become a natural barrier!
First, analyze the data released tonight: non-agricultural data is lower than expected, and the employment rate has doubled in the past two months. It means that people are trying to find money. There is more money for interest rate cuts, so porters are needed, right? Then more and more people participate in work, and they will pay less attention to other things. This is easy to understand, and it can even be understood that not so many people have time to speculate in stocks, coins, and gold.
Look again, this is definitely beneficial for the secondary and tertiary industries to expand production and improve service quality. So on the contrary, the circulation of manufacturing will increase, steel will rise, and oil prices will rise?
Finally, if the crypto market does not get more capital injection, the market will be weak. If there is capital inflow, it must be affected by another favorable event. The thing that can be seen in the near future is the US election.
Therefore, in general, the market will enter a period of downturn. No matter how it rises, it should accelerate the outflow of funds to other industries. But I absolutely do not think this is pessimistic. This time everyone has a consensus that there will still be retaliatory growth in the future, so all we need to do is keep our bullets and wait for the last chance to use them all.
