The current job market situation is quite interesting: while it hasn't completely collapsed overall, internal problems are becoming increasingly apparent. The recent rebound in initial unemployment claims is no accident. The increasing number of people who have been receiving benefits, the weak non-farm payroll data, and the continued layoffs in many industries all add up to a significant problem.

Not only could this delay the Fed's interest rate cuts, but more importantly, the likelihood of a smooth "soft landing" (a gradual cooling without a sharp drop) is becoming increasingly unlikely. As investors, we must be wary of a "boiling frog in warm water" scenario: while the unemployment rate may appear stable and stable on the surface, an increasing number of unemployed people are struggling to find new jobs. This hidden pressure could erupt in a few quarters. $BTC $ETH #加密概念美股普涨