小馋猫吃uu

📊 1. Overview of this month's non-farm payroll expectations
1. Expected situation (before data release)
Before the official release of this non-farm data, the market generally expects weak job creation in January:
Market consensus expects an increase of about 70,000 (some institutions expect lower)
The unemployment rate is expected to remain around 4.4%
Some analysts believe that employment growth is even close to a 'zero growth or very weak' state
Core logical background:
➡️ The U.S. labor market has shown signs of continued slowdown (previously added data was low).

➡️ Seasonal factors and government shutdown impact data compilation.

#美国零售数据逊预期
I. Overview of the latest data
The latest published data shows signs of a slowdown in U.S. consumer momentum:
Retail sales in December 2025 month-on-month: 0%
Market expectation: +0.4%
Previous value: +0.6%
Core retail sales (excluding automobiles, gasoline, building materials, and dining) decreased by 0.1% month-on-month
Retail sales unexpectedly stagnated, indicating that consumer spending has not continued the previous growth trend, raising concerns about economic momentum in 2026.

II. Structural changes: Consumption is cooling down
From a structural perspective, weakness is not a one-off event, but rather a combination of multiple factors:
1. Marginal decline in residents' consumption ability

#美国科技基金净流

📊【Analysis of Net Flows in US Technology Funds: Insights on Investment Trends】
Recently, net flows in US technology funds have become a hot topic in the market, reflecting the changing enthusiasm of global capital towards the technology sector and the shifting attitudes of investors towards macro and industry risks. Let's analyze the current context from the latest data, market dynamics, and international news👇
🔹 1. Latest Fund Flow Data: Technology ETFs Still Show Volatility
According to the latest ETF fund flow analysis report, there was significant net inflow in technology and fixed income ETFs during the most recent trading day, indicating that there is still market interest in allocating to the technology sector.