The ADP non-farm data has exploded! 📉
Previous value 4.7, expected 1.0, result announced -3.2 —— it's not weak, it's a "plummeting drop".
What does this indicate? The labor market is rapidly deteriorating, and the Federal Reserve can't handle it anymore.
This solidifies the market's expectation for interest rate cuts:
There is no reason not to cut rates now.
The dollar index plummeted, U.S. Treasury yields declined, and the sentiment in the crypto market ignited instantly.
Brothers, the signal is on, it's that simple and straightforward:
Steady. Charge! Charge! Charge!
