The market estimates that the unemployment rate is 4.2%, Bloomberg expects it to be 4.4%, and the actual unemployment rate is 4.1%. Not only did the unemployment rate not rise, but it fell by 0.1%, and non-farm employment rose from 212,000 last month to 256,000, exceeding expectations by nearly 100,000. This shows that the US economy is still very strong, and it also means that the Fed will not rush to cut interest rates.
You say this is good news, and it is indeed good news. After all, the US economy is very strong. You say it is bad news, and it can also be considered bad news. After all, the possibility of betting on the Fed to cut interest rates once or twice is temporarily gone, but the current data is the same as the job vacancies on Tuesday.
However, from the perspective of the US dollar index, the United States has almost broken through 110, which is not a good thing. Other data are similar, and the salary data is also within expectations. In general, this number is not very friendly to investors' expectations, but it is definitely not bad, but investors' risk appetite will be reduced. For the risk market, this represents the expectation that the Fed will maintain two interest rate cuts.
However, in my opinion, the market has probably already priced in this negative news.
It may be a spike, but the market outlook is bullish.