The US statistical agencies are really playing hard this time. First releasing unemployment rate data, then making a revision—saying the unemployment rate will drop another 4.4%, and the previous statistics were incorrect. This really caught traders off guard.
After finally catching a rebound in the early trading session, the market plunged directly in the afternoon. The price movements are like a roller coaster. Retail investors didn't even have time to breathe, and their stop-loss orders were wiped out.
Initially seeing signs of a rebound and thinking of celebrating with some chicken legs in the evening, but everything was brought back to square one. This kind of back-and-forth feeling is really uncomfortable. The uncertainty in the data is so high that short-term trading risks are indeed significant.
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The US statistical agencies are really playing hard this time. First releasing unemployment rate data, then making a revision—saying the unemployment rate will drop another 4.4%, and the previous statistics were incorrect. This really caught traders off guard.
After finally catching a rebound in the early trading session, the market plunged directly in the afternoon. The price movements are like a roller coaster. Retail investors didn't even have time to breathe, and their stop-loss orders were wiped out.
Initially seeing signs of a rebound and thinking of celebrating with some chicken legs in the evening, but everything was brought back to square one. This kind of back-and-forth feeling is really uncomfortable. The uncertainty in the data is so high that short-term trading risks are indeed significant.