In the first week of December, the market directly entered "data bombardment mode"—Fed pro speeches, inflation numbers, employment reports, coming one after another.

Let's talk about the main event on Tuesday morning at 9 o'clock: Powell is going to speak. Every time the head of the Fed opens his mouth, the market has to listen closely—if the tone is a bit hawkish? Then the US stock market and the crypto world might shake a bit; if there's a hint of easing? Risk assets might catch a break.

On Wednesday night at 21:15, the small non-farm ADP data will make its debut. This thing is a preview for Friday's non-farm payrolls; whether the new jobs added in November are more or less directly determines how everyone views the temperature of the U.S. job market.

The real highlight is at 23:00 on Friday night—the annual core PCE price index for September is about to be announced. This is the inflation indicator that the Fed watches most closely: if the number rises higher than expected, then the expectations for "high interest rates to prolong life" will need to be strengthened; if it is lower than expected, the calls for interest rate cuts might arise again.

In addition to these few major items, there is a bunch of data to be released this week, including Fed Governor Bowman’s congressional testimony, initial jobless claims, and the consumer confidence index... Each number could become that butterfly flapping its wings, stirring up a storm in the market.

In short, this week's calendar is packed, and traders need to stay on high alert.