He was the mastermind behind the big drop!
The dream of interest rate cuts due to bad economic data was shattered. Trump opened his mouth and frightened the market, and stock prices and currency prices fell sharply.
Last night, there was explosive news from the United States. The employment data was much better than everyone expected, and the prices of the service industry also rose rapidly. Job vacancies increased by 259,000 in November, and the total number was 8.098 million.
The ISM non-manufacturing index also rose from 52.1 to 54.1, and the price index was an 11-month high, which means that prices will continue to rise. As soon as these data were released, everyone felt that the Fed would not cut interest rates in January, and $BTC also fell.
Then Trump started to speak out again. At the press conference, he had a lot of plans that made people stunned. The American media called him "new imperialism." He threatened that if Denmark did not give him Greenland, he would impose super high tariffs on Denmark and wanted to swallow Canada with economic means. Once these outrageous words came out, the market was directly scared out of its wits, and the stock price fell again.
Trump seemed to be acting in a big drama, but in fact he just wanted to scare the allies and please the people by the way.
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