The recent economic data from the US is really hard to describe.

Look, when the economic environment deteriorates, companies can’t hold on and start laying off employees. Once people lose their jobs and have no money in their pockets, who dares to go out and spend? As market consumption shrinks, corporate revenues take an even bigger hit, leading to another wave of layoffs... This is a classic vicious cycle.

To put it simply, the persistently high unemployment rate is dragging the entire economy into the mud. The Federal Reserve doesn’t have many options right now; all it can do is cut interest rates as a shot in the arm, hoping to stimulate economic vitality. After all, only when companies have room for profit will they be willing to hire more people to get the work done😂

However, this round of data exceeding expectations has given the market a bit of a boost. Now it just depends on whether the subsequent policies can truly be effective.