Today, the financial markets experienced an unexpected shock, with major indices plummeting. This sudden turmoil was primarily caused by the official revision of previously released economic data.

The latest revision involves key employment data. The most recent published revision shows that the non-farm payroll growth in May was drastically adjusted down from the original 144,000 to only 19,000. Similarly, the June data was sharply reduced from 147,000 to 14,000. This huge discrepancy caught market participants off guard.

Such drastic data adjustments have severely impacted the market, undermining investor confidence. Even when some companies released positive financial reports, they could not reverse the pessimistic sentiment in the market.

This situation is somewhat similar to the scenario where certain project teams announce large-scale buyback plans and then suddenly scale them down, which often triggers a strong market reaction.

This incident once again highlights the significant impact of the accuracy of economic data on the market, and reminds investors to be cautious in interpreting various economic indicators, while keeping an eye on potential data revisions. How the market trends in the future will require further observation of the reactions from all parties and the subsequent release of economic data.