Non-farm payroll data exploded, but what really exploded is market sentiment!

After this non-farm report, some people made money, some got wiped out, and others — just don’t understand.
The issue isn’t the data itself, but that the “market is too sensitive.”
In the past year, non-farm payrolls = directional guidance
Now, non-farm payrolls = emotional trigger
Why?
Because the market no longer cares about “what’s happening now,” only about — 👉 When will the Federal Reserve cut interest rates?
If non-farm payrolls are strong: — the market will say — game over, no rate cuts
If non-farm payrolls are weak: — the market will say — economic danger, but rate cuts are possible
Notice something? — Market logic has shifted to: — 👉 “Bad news is good news”
This is a typical liquidity market.
But pay attention to one detail: — If the data is “outrageously strong,” then it’s not good news, but — 💥 a risk of downside for risk assets
Next, what you should watch isn’t non-farm payrolls, but: — 📍 U.S. Treasury yields — 📍 Federal Reserve officials’ speeches — 📍 CPI data
In a nutshell: — The market isn’t afraid of the data itself, but of “being proven wrong.”
👉 Comment section interaction: Do you think there will be a rate cut this year? When?
#加密市场行情震荡