Why is this week considered the most important week before Christmas?

December 24th is Christmas Eve, followed by the United States' Christmas holiday long weekend. During this period, most markets will be closed. If macroeconomic sentiment is unfavorable before the holiday and combined with holiday risk aversion, it could put additional short-term pressure on the entire risk market.

Meanwhile, although the market will resume operations after December 28th, overall market liquidity is unlikely to be very good. Based on past experience, full liquidity recovery in the financial markets typically takes until after January 1st.

Therefore, key inflation and employment data this week will directly influence short-term expectations in the macro interest rate market, which in turn will affect market confidence during the Christmas holiday. So, this week is critically important in the near term!