$E-mini NASDAQ 100 Futures (JUN6) (NQmain.US)$ Tonight’s nonfarm payroll data significantly exceeded expectations, while the unemployment rate matched expectations. Market divergence has intensified, with greater intraday fluctuations, but the overall trend is downward as the market is likely shifting toward inflation trading. This can be interpreted as economic data supporting the Federal Reserve’s continued efforts to combat inflation. Before next Wednesday’s key CPI data release, major market movements are unlikely. If the CPI declines only slightly or even rises, a sharp sell-off could occur after the data announcement. A significant drop in CPI may lead to a rebound off the lows, but this scenario is less probable. Awaiting market confirmation.