Group 1 - The recent downward revision of 256,000 in the U.S. non-farm payroll data is a rare occurrence, indicating deeper economic issues beneath the surface [1] - The calm reaction of the U.S. stock market to significant economic data revisions suggests that market movements are often driven by underlying capital flows rather than the news itself [1] - Historical examples, such as the 2025 crash in the liquor sector following the announcement of a liquor ban, illustrate that institutional investors often act before negative news is released, indicating a strategic approach to market movements [1] Group 2 - The market's reaction to the same news can vary significantly based on the background of capital involved, as seen in the case of Novartis Bio being placed under ST, where the stock price rose despite negative news due to prior institutional positioning [5] - The behavior of institutional investors is crucial in understanding market dynamics, as they often plan several steps ahead, contrasting with the more reactive nature of retail investors [5] Group 3 - The connection between U.S. economic data and the A-share market is significant, with abnormal capital flows being detected by quantitative systems in response to economic forecasts [9] - Quantitative systems can effectively predict the impact of market adjustments in one region on another, reinforcing the idea that market behaviors are interconnected and can be analyzed through data [9]