Why is this week considered the most important week before Christmas?
December 24th is Christmas Eve, followed by a short holiday for Christmas in the United States, during which most markets will be closed. If the macro sentiment is unfavorable before the holiday, combined with the risk aversion of the short holiday, it could place more pressure on the entire risk market in the short term.
At the same time, although the market resumes operations after December 28th, the overall market liquidity will not be very good. Based on past experience, it typically takes until after January 1st for liquidity in the financial markets to fully recover.
Therefore, this week, key data on inflation and employment will directly influence the short-term expectations of the macro interest rate market, which will in turn affect market confidence during the entire Christmas holiday period. Hence, this week is critically important in recent times!