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😈 Boom! The U.S. stock market staged a "the worse the unemployment, the better the market" magic show today!
It surged 2% at the open, then plummeted 1.56% at the close; this rollercoaster ride was all due to the "shenanigans" of the U.S. Labor Department!
💢 Quick recap
1️⃣ Late homework is even more "exciting"
The Labor Department held back for 48 days to release the September data: the unemployment rate plummeted below 4.4%, but Wall Street popped the champagne — "Powell is scared! Rate cuts are secure!"
(How to turn bad data into good news 🤡)
2️⃣ A stab in the back is the real killer
At noon, the Labor Department suddenly announced: "October and November data are being postponed, merging into December!"
The market instantly exploded: "Is the Fed going to raise rates in the dark?"
$2 trillion evaporated in 40 minutes, and the candlestick chart performed a vertical drop 🪂
Trump said: He really wants to fire him!

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