Some funds have already preemptively entered the market, and the whole world is waiting for tonight's non-farm payroll data. The current market consensus is: November Non-Farm Payrolls: 50,000 (Wall Street forecast range: 20,000 to 130,000) Unemployment Rate: 4.5% (potentially the highest since 2021) Private Sector: 50,000 Wages: Month-on-month growth of 0.3%, year-on-year slowing to 3.6% Since the second half of this year, the US job market has been lackluster, with only a few sectors like healthcare showing growth. Furthermore, the US government shutdown lasted 43 days, resulting in over 140,000 federal employees accepting buyouts, directly dragging down net job losses by approximately 80,000 in October and November. Therefore, the market has reached a delicate consensus: as long as it doesn't collapse, a slightly weaker performance is acceptable. In short, all the suspense hinges on 9:30 PM Beijing time. Let's wait and see. #FederalReserve #NonFarmPayrolls