Tonight's non-farm payrolls are highly likely to be positive, and they have already been uprooted by the bulls!
The key point is here! Non-farm data often moves in the opposite direction!
This time, the most critical 'economic three giants': unemployment rate, employment numbers, wage data, each of which can turn the market upside down!
The Federal Reserve is fixated on the unemployment rate, and Powell has directly stated: if the unemployment rate doesn't rise, don't think about interest rate cuts! Currently, the previous value is 4.2%, and the market guesses 4.3%. Just this 0.1% change can lead the market to imagine a 'Federal Reserve rescue drama'!