Last night, after the US stock market closed, I got hit with three news alerts in a row. I was glued to the screen until the early hours before I snapped out of it—this wave of consecutive shocks might be way more powerful than most people think.

Let’s start with the most eye-catching: the ADP employment data came in at -32,000. Keep in mind, the market was expecting positive growth, but instead, we got a negative number—a slap in the face. What does this number mean? The US labor market is cooling down, and the engine of economic growth is starting to sputter. But here’s the weird part: the Fed’s rate cut expectations actually went down. That’s like seeing a fire alarm go off, but the firefighters say, “Let’s wait a bit”—either the data is off, or they're holding back for a big move.

The real bombshell came after. The Trump team has been frequently signaling that if they regain power, they might make personnel changes at the Fed, and could even have Treasury Secretary Bessent lead the Economic Policy Committee. Don’t brush this off as campaign talk—if monetary policy shifts from “fighting inflation at all costs” to “prioritizing growth,” the liquidity tap could open much faster than anyone expects. History tells us, whenever there’s a policy shift, where does the money rush first? High-risk, high-reward assets—crypto is definitely at the top of the list.

The SEC is playing along too. The chairman recently stated publicly that crypto-related regulatory bills are in the final countdown to implementation. Taken together, these signals look like someone is making coordinated moves on the chessboard—data creating pressure, policy shifts lurking, and regulatory easing paving the way.

But let’s be real: the market never follows the script. In the short term, we might see an emotional shakeout first, and the real turning point will depend on follow-up data and solid policy moves. One thing’s for sure: the volatility in the coming weeks will keep a lot of people up at night.