According to @CryptoMichNL, the first days of the month are usually bearish, which adds a downside bias near-term for risk assets, source: @CryptoMichNL. According to @CryptoMichNL, quantitative tightening has been reduced and its impact will take time to filter through liquidity and markets, source: @CryptoMichNL. According to @CryptoMichNL, this week’s focus is U.S. unemployment data, which he views as the primary trigger for whether the Fed deems current rate cuts sufficient, with labor conditions outweighing inflation in the reaction function, source: @CryptoMichNL. According to @CryptoMichNL, if unemployment rises more than expected, recession concerns will intensify and QE becomes likely, shifting the policy stance from QT to QE, source: @CryptoMichNL. According to @CryptoMichNL, markets have been volatile and have priced in several events that are very likely to unfold in December, making the upcoming data critical for positioning, source: @CryptoMichNL.