Non-farm data exceeds expectations but the probability of rate hikes this year is low, liquidity shocks in June warrant caution, volatility period has arrived

CoinWorld News, Guotai Haitong Research Report believes that the non-farm payroll data in May continued to exceed expectations, further signaling the stabilization and recovery of the U.S. labor market, which catalyzed market expectations for interest rate hikes, leading to significant asset price adjustments. The U.S. dollar strengthened, U.S. Treasury yields jumped, U.S. stocks fell sharply, and gold weakened. Guotai Haitong believes that there are still significant disagreements within the Federal Reserve, and it may not raise interest rates this year. However, the June market may temporarily be affected by liquidity shocks, and U.S. stocks may experience at least one to two months of volatility.