Tomorrow's non-farm payroll data is a bit different and requires some attention.

This time the data actually combines the employment situation of October and November, because the U.S. government was shut down and the data for October was not counted at all. This means that the fluctuations in the numbers may be larger than usual, and the market's reactions could be more intense.

From the recent stance of the Federal Reserve and the overall environment, the possibility of optimistic data this time is not low. If the final reported increase in employment is good (for example, exceeding 150,000), coupled with the Federal Reserve's technical balance sheet expansion of several hundred billion each month (although not formal QE, money is indeed coming in), it could likely be a short-term positive for the stock and crypto markets.

Historical experience shows that: good employment + decent liquidity generally does not lead to poor performance in risk assets.

Remember to pay attention to the results tomorrow, as this data will have a significant impact on market sentiment in the following days. #美联储降息 #非农数据