[Goldman Sachs Trader: Beware of Economic Data Cracks Halting U.S. Stock Rally] According to a report by Jinse Finance, a macro trader at Goldman Sachs stated that over the next 12 months, investors need to remain vigilant in identifying which economic data might pose a threat to the record-breaking stock market rally. Paul Chavonne of the firm pointed out that labor market data will play a critical role in signaling economic cracks. He cited an example from data by the New York Fed, which shows that while the current probability of unemployment remains low, the likelihood of workers finding a new job once unemployed is only 45%, the lowest valuation on record. The S&P 500 Index hit another all-time high on Wednesday. However, the U.S. labor market, fiscal spending, and the market's potentially excessive optimism about artificial intelligence have prompted caution among some seasoned market participants. Chavonne previously stated that the market is underpricing recession risks. "I wouldn’t short the bubble prematurely, but I also won’t ignore the cracks," he wrote.