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LABOR MARKET SURPRISE SENDS FUTURES HIGHER
US stock futures jumped after job data came in much stronger than expected.
The US economy added 130,000 jobs in January, vs. 66,000 estimated.
Unemployment rate fell to 4.3% vs. 4.4% expected, showing that the labor market is improving.
After the release:
• US futures moved higher
• Gold slipped
• BTC pumped $2,400 from today's bottom and trading near $68,000
It seems like the market now thinks that recession risk is getting lower now.
$TSLA
{future}(TSLAUSDT)
$MSTR
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$BTC
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