This ADP employment data has dropped a bit severely, it's just cut in half! Friday's non farm payroll is a bit awkward! 🥲 Let's first explain that the ADP National Employment Report is a monthly report compiled by the ADP Institute in collaboration with the Stanford Digital Economy Laboratory. Based on actual anonymous wage data of over 25 million American employees, it independently measures and frequently observes the employment situation in the US private sector! If there is a slight spread in non farm sectors, it will not be too bad, which will increase the probability of interest rate cuts and be beneficial for the US stock market and cryptocurrency market. But if the non farm payroll is too poor and may trigger concerns of recession, it may lead to even greater panic, thereby triggering a bearish decline! 🧐