Recently, an unexpected event has caused a huge stir in the financial markets. The non-farm payroll data for July released by the U.S. Department of Labor unexpectedly showed a significant slowdown in employment rise, with only 70,000 jobs added, far below market expectations. Even more shocking is that the official figures for May and June were also significantly revised down.

This sudden situation has not only left market participants confused but has also put enormous pressure on the Federal Reserve. Previously, Fed Chairman Powell had maintained a stance against lowering interest rates, primarily based on the robust performance of the job market. However, this data revision has undoubtedly dealt him a heavy blow.

The data shows that the number of new jobs in May plummeted from 144,000 to 19,000, and in June it was revised down from 147,000 to 14,000. This means that the employment rise in these two months was 258,000 less than previously reported, raising doubts about the reliability of the data.

This event has had a widespread impact on the financial markets. Aside from the cryptocurrency market, other financial markets have generally experienced declines. Some analysts believe this may indicate a significant shift in Federal Reserve policy. The market widely expects that the Federal Reserve may implement two rate cuts in the second half of the year, with a cumulative reduction of up to 50 basis points.

For investors, this event once again highlights the importance of not overly relying on a single source of information. Although official data has authority, it is not absolutely reliable. When making investment decisions, it is crucial to take into account multiple factors and maintain independent thinking.

At the same time, some market observers have pointed out that since the end of April, large funds have begun to position themselves. They believe that the current market adjustment may provide a good entry opportunity for long-term investors. However, given the current market uncertainty, investors should remain cautious when making decisions.

Overall, this data correction event once again proves that the financial market is full of uncertainties. Investors need to remain vigilant at all times, pay attention to market trends, and manage risks effectively in order to seize opportunities in the ever-changing market.