The beginning of yesterday's market was that the United States released the non-farm payrolls data for August (big non-farm payrolls), which increased by 142,000 people, the estimated increase was 165,000 people, and the previous value was an increase of 114,000 people. This data looks "just right".

● Non-farm payrolls are lower than expected, and the economy is in danger of decline, so the necessity of the Fed's interest rate cut has been added;

● This data is not much lower than expected, and it is better than last month, so it does not seem that the US economy is in a "recession". This data makes it natural for the Federal Reserve to cut interest rates by 25 basis points in September. In name, it is more like a "preventive" interest rate cut, not a "recessionary interest rate cut". If it is just a preventive interest rate cut, the selling pressure on US stocks will not be very heavy. So you can see that when the market opened, the major indexes even opened high. But soon a new situation appeared in the market-the index opened high and went down all the way, without even a decent pullback in the middle. Maybe investors thought it was okay after reading the news headlines, but when they opened the text of the news, they started to smash it down.

The current statistics in the United States are no longer acceptable. To say that there is no human manipulation is to treat investors as fools. With the release of the August data, as expected, the data of the previous months were revised downward again. The July data was revised down from 114,000 to 89,000, and the June data was revised down from 179,000 to 118,000 - a total of 86,000 new jobs were revised down in two months. On August 21, the United States lowered its non-farm payrolls data from April 2023 to March 2024 by 818,000, which opened the eyes of investors, and this two-month downward revision was scary enough. How is the employment in the United States? Even U.S. stock investors who believe that the U.S. data statistics are "transparent", "notarized" and "open" have to question it in their hearts.