Many friends believe that this employment data is bad news, and even think that the decline in U.S. stocks and $BTC is due to this non-farm data, believing that it is falling because of reduced interest rate cut expectations.

In fact, if you look closely, you can see that the non-farm data was released at 9:30 PM Beijing time. At that time, the CME futures for U.S. stocks were slightly up, and even after the U.S. stock market opened, the Nasdaq and S&P 500 both initially gapped up before continuing to decline.

At least I personally think that this increase in the unemployment rate is good data for proving that the U.S. economy is strong. The Federal Reserve's interest rate cuts are more about the direct disputes between Trump’s faction and the Federal Reserve itself; even if bad economic data allows the Fed to choose to cut rates, it corresponds to expectations of economic recession.

Of course, I may not be right.

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