115k people! U.S. Non-Farm Payrolls Completely Dismantled the "Recession Theory"

Who has been the most embarrassing person in the global market recently?
It's the analyst who keeps shouting "The U.S. is about to enter a recession."
Because as soon as the U.S. April non-farm employment data was released,
the market went silent.
Expected 70k.
Actual 115k.
Although not a super explosion,
it’s enough to prove:
The U.S. labor market hasn't collapsed yet.
Many people originally thought that after such a long period of high interest rates,
companies should have already reached their limit.
The reality is:
U.S. companies are saying it's difficult,
but they keep hiring.
It's like someone crying poverty every day,
but still drinking bubble tea and going on trips.
Economists are almost mentally split over the U.S.
What's even more funny is that the Federal Reserve now acts like a homeroom teacher.
Originally wanting to cool down the economy with high interest rates,
but the U.S. employment market seems to have its own air conditioning.
No matter how much they try to suppress it,
it can't be contained.
Why is employment still so stable?
Because the strongest thing in the U.S. now isn't manufacturing,
but consumption.
As long as Americans still dare to use credit cards,
the entire economic machine can keep turning.
American ordinary people have a characteristic:
They can have no savings,
but must continue to consume.
Thus, a magical global economic cycle is formed:
Work → Swipe card → Repay debt → Work again.
The perpetual motion machine of capitalism.
The most ridiculous thing is that American companies are now also getting smart.
They dare not do large-scale hiring,
but "small-scale continuous recruitment" hasn't stopped.
So the data always looks resilient.
What does this mean?
It means the market's most anticipated "quick rate cuts" might be delayed again.
Because the Federal Reserve now fears only one thing:
The economy isn't cooling down at all,
and they cut rates first.
Then inflation might revive on the spot.
So the financial markets are now particularly surreal.
In the past, everyone feared bad data.
Now they fear good data.
If non-farm payrolls are too weak, stocks fall.
If they are too strong, stocks also get nervous.
Traders have entered the "no matter what, it’s uncomfortable" phase.
And global funds are finally realizing:
The biggest cheat code for the U.S. economy is actually employment.
As long as Americans can still find jobs,
consumption won't suddenly collapse.
That's why the U.S. economy can always "resurrect."
Because residents of other countries are saving money,
while U.S. residents are spending.
One is desperately hitting the brakes,
the other is stuck on the accelerator.
And Wall Street's biggest fear now isn't recession,
but that the U.S. economy simply refuses to decline. #5月代币解锁潮来袭