#非农就业数据来袭#

Non-farm payrolls below expectations: Prelude to a recession or the start of a party?
As soon as the non-farm payroll data for August was released, Wall Street nearly burst out laughing. Why? Because employment was significantly lower than expected, seemingly indicating that the economy was "sneezing," yet it became a reason for the market to pop champagne early. The logic is simple and straightforward: weak economy = the Federal Reserve must cut rates faster = a funding frenzy.
From a macro perspective, the slowdown in employment indicates that companies are pulling back, consumers are feeling more pressure on their wallets, and the burden of credit is surging, creating an increasingly strong sense of recession. At this time, the market should logically be anxious. However, Wall Street always goes against the trend: the worse the data, the greater the expectation for monetary easing. As a result, both the stock market and the bond market are dancing, the dollar looks confused, and Bitcoin is smiling brightly.
This is actually a financial drama of "bad news turning into good news." The non-farm payroll slump is not a turning point, but a prelude to a crisis. Institutions have long understood the script: first, use interest rate cuts to create a wave of speculation, then harvest when the real recession arrives.
In summary: Poor non-farm data makes the short-term market feel like drinking Red Bull, but in the long term it may be over-leveraged. Retail investors should be careful not to follow the frenzy while digging a pit for themselves.