🚀Labor data exceeded expectations, and the market is stable and improving? 📈
Last Friday's labor data was released, which made everyone's eyes light up! The number of new jobs was 140,000 more than expected =, directly reaching 254,000! The unemployment rate was also lower than everyone's guess of 4.2%, only 4.1%, which is almost catching up with 4%. This data looks quite healthy, but the market is always confusing.
Good news or bad news? Generally speaking, such good news should make the market happy, but don't forget that the market sometimes doesn't play by the rules. On the other hand, market analysts generally predict that the possibility of the Federal Reserve cutting interest rates by 50 basis points in November is not high, and it is estimated that it will only be reduced by 25 basis points.
Although last Friday's labor data and unemployment rate were much better than expected, sometimes good news can be interpreted differently, so how the market moves depends on how big institutions and venture capital tell stories.
If they want to pull the market, they can say that the soft landing of the economy has been confirmed, and the interest rate cut can avoid the economic recession, inject confidence into the market, and then drive the market up. But if they want to dump the market, they can say that the labor data is too hot, inflation may come back, and the interest rate cut may have to stop, to release some negative news and then suppress the market.
💡 Viewpoint:
The strong employment data and economic indicators have reduced the market's concerns about a sharp economic downturn, which is a positive signal for cryptocurrencies such as Bitcoin. But the market is always full of variables, and we must remain vigilant.
In such a market environment, staying calm, not being swayed by market sentiment, insisting on investing in high-quality assets with the right mentality and strategy, and adopting strategies such as periodic investment (DCA), may be the key to becoming an investor's profit in the long run.
🔍 What do you think of this Friday's labor data and unemployment rate report? Do you think institutions will cooperate in a new round of pull-ups or dumps this week? Leave your opinion in the comment section!
