Tonight at 21:30, the non-farm payrolls will kick off the "reset" of the US macro narrative. The US November and the "imperfect" October non-farm employment reports will be released together. The market will view this week as a small "reset" of the US macro narrative. With the first shot fired by non-farm payrolls, will the widely expected and Fed Chair Powell's mentioned downside risks materialize? The market may experience intense volatility. As one of the core indicators for the Federal Reserve's monetary policy, this data will directly influence market expectations for the December and subsequent interest rate paths. Caution is advised for the two-way fluctuations before and after the data release.

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