Market sentiment took a hit as TSX futures retreated, with traders bracing for the release of key employment figures that could reshape near-term market direction. The selloff reflects broader uncertainty stemming from the US Supreme Court's recent decision regarding tariff policy—a ruling that's already sending ripples through asset classes tied to economic growth and inflation expectations.

The convergence of these two catalysts has left investors in a holding pattern. Strong jobs data could signal economic resilience, potentially supporting risk appetite and pushing commodity-linked assets higher. Conversely, weaker employment numbers might intensify flight-to-safety moves, pressuring equities and commodity futures. Add the tariff ruling into the mix, and you've got a perfect storm of policy uncertainty that's making position-taking risky ahead of the data drop.

For crypto traders watching traditional markets, this intersection of macroeconomic data and regulatory decisions is worth paying attention to—it often precedes shifts in how institutional capital flows between traditional and digital assets.