The market is a bit anxious, here are the key points to watch!

1. US stocks fluctuate, with only Tesla remaining strong
Before the non-farm payroll data is released, the market is particularly cautious. All three major indices fell, and AI-related stocks (such as Broadcom and Oracle) led the declines; only Tesla rose against the trend by over 3%, reaching a new high this year. This makes people wonder: is this year's market a bull market overall, or is it a "single bull" trend solely for Tesla?

2. New developments in the Fed chair candidate, rate cut calls have not materialized
Trump directly revealed that he will nominate Waller as Federal Reserve Chair; another potential candidate, Hasset, says that the Fed chair position "doesn't carry much weight," but the market has quietly bet on Waller winning. Actions speak louder than words. Additionally, Fed official Mester has called for a rate cut again, stating that inflation has basically reached the target, but the market only listens without expecting—after all, words without action are meaningless.

3. Technical outlook is bearish, 84,000 points is the key support
From the daily and weekly technical trends, the current overall pattern is a weak oscillating downward trend. The 84,000-point level has become an important "psychological + technical defense line": if this level is broken, the market could enter a rapid decline in a "free fall" state; even if there's a temporary rebound, it can only be considered a "powerless struggle" in a weak trend, unlikely to change the overall bearish trend.