Tonight, they announced the January non-farm payrolls and unemployment rate. The non-farm payroll expectation was 70,000, but the actual release was 130,000. The unemployment rate expectation was 4.4%, but the actual release was only 4.3%;

This far exceeded expectations. Tech stocks were already rising pre-market, indicating that corporate hiring remains active, meaning companies still need to hire continuously. This also indirectly reflects that the US economy is on an upward trend! But hasn't AI had a negative impact on hiring demand?

An unemployment rate of 4.3% shows the labor market remains strong. People can earn money normally, and the market needs more people to work. This is good news for liquidity expectations.

Since the economic fundamentals are strong, the probability of an interest rate cut will be reduced! This indicates the economic foundation is solid. Actually, I think a solid economic foundation is good for the overall US stock market. Interest rate cut expectations only affect liquidity. If liquidity remains unchanged and economic fundamentals improve, people will have more confidence! Of course, the authenticity of the data cannot be ruled out, but that's not considered here.

At the same time, strong economic fundamentals alleviate concerns about a recession, which is good for the major indices.

As for the impact on the crypto circle, I don't think there's much correlation.