How divided the Americans are, #ETH is just as divided
Trump's theory of 'interest rate cuts being too late' and Powell's theory of 'Federal Reserve independence' have led to serious political divides among Americans
The sharp drop in E is directly attributed to the 'magical' non-farm payroll revision data. Non-farm payrolls are an important indicator of the job market and one of the two key factors for whether the Federal Reserve will cut interest rates, but the total non-farm payrolls for May and June were revised down from 291,000 to 31,000
Given the dismal employment situation, the expectation for a rate cut in September has risen from 45% to 75%. However, the significant data revision is seen as 'fraud + political alignment,' with Trump, the Federal Reserve, and the Labor Department all being mere actors in a farce
For risk assets, the expectation of rate cuts cannot completely eliminate the hidden dangers brought by 'uncertainty.' #ETH whales have a severe divergence in long and short positions, with the general situation being: bearish whales are selling decisively, while bulls are still hesitating to find a bottom.