Jefferies: The market is overreacting to signals from the labor market

According to Jin Ten's report, the dollar slightly rebounded after experiencing a decline due to weak labor market data in the previous trading day. Third-party data shows that in October, U.S. companies laid off more than 150,000 workers, the largest scale of layoffs for that month since 2003. Jefferies economist Mohit Kumar stated that the market is overreacting to any hints about the labor market, and the outcome of the December Federal Reserve meeting is almost equivalent to "flipping a coin," with the key depending on the performance of the labor market.