#LISTEN
📊 Delayed NFP Lands — And Traders Are Confused 🤔
Headline jobs beat expectations: +64K vs. +50K
But dig deeper, and the picture cracks.
🔻 October revised to –105K jobs
🔺 Unemployment jumps to 4.6%
📉 Wage growth cooling: Avg. hourly earnings +3.5% YoY
Markets reacted fast — classic “buy the rumor, sell the news.”
Bitcoin spiked on the headline, then dumped as traders processed the weak internals.
⚠️ Bottom line:
The top-line number looks fine, but rising unemployment + slowing wages = underlying softness.
🧠 Fed takeaway:
This report alone doesn’t force an urgent rate cut.
👀 Next catalyst:
All eyes now shift to tomorrow’s CPI for real direction.
Market verdict: confusion → patience → wait and see.
BTC
85,912.27
-2.15%