Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Last Friday, the S&P 500 experienced its biggest single-day loss of 2026. And funny enough, it was actually because of good news. Let me explain.
Last week, multiple US job reports came out, all beating consensus and forecasts by a wide margin, which reflects that the US economy is still going strong.
The NFP data came in at 172K, doubling the consensus estimate of 85K.
The problem is, a big reason why the Fed started cutting rates was because the job market was deteriorating. "Downside risks to employment have risen," as stated in the September 2025 FOMC statement.
With a strong job market report, there's no reason for the Fed to cut rates again.
This sparked a massive sell-off in risky assets like the S&P 500 and, in turn, Bitcoin.
So, to see a global risk-on mode once again, we need inflationary and growth data to come in soft.