Today's stock market plunge due to downward employment data reveals the economic data's fragility to some extent: employment figures may have masked the market's realistic expectation gap, and the market's sharp decline is not a reaction to a single data point, but a panic over a broader expectation gap. The market turbulence triggered by employment downward revision may, in the long run, be just a prelude to the unemployment storm brought by AI: listed companies' earnings continue to grow, while employment continues to decline.
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