Group 1 - The core point of the articles is that the market's focus has shifted from employment data to inflation, particularly the upcoming CPI report, which is expected to show a moderate decline [1][2][4] - The strong non-farm payroll data released in January exceeded market expectations, leading to a decrease in the probability of a Fed rate cut in June, with July now seen as the most likely month for the first cut [1][4] - Despite the positive employment data, the market reaction was muted, with only slight movements in stocks and currencies, indicating a departure from traditional market behavior [1][3] Group 2 - Gold's performance suggests that the market's main logic is no longer centered on the Fed, but rather on inflation expectations, as gold prices remained stable despite the strong employment report [2][4] - The market is now in a phase where employment stability is prioritized, and the focus has shifted to monitoring CPI data, which is set to be released soon [2][4] - The market has already adjusted to the idea of delayed rate cuts, with light positioning observed among traders, indicating that the previous logic of "delayed rate cuts" has been reaffirmed rather than changed [3][4]
21:30，礼貌下跌，真正的赌局在明天
Sou Hu Cai Jing·2026-02-11 23:47