So what is one of the necessary conditions for interest rate cuts?

The unemployment rate, which has been emphasized in both long and short articles, is one of the necessary conditions. This is also why the recent non-farm data is bearish, while the unemployment rate is bullish! I interpret this data as favorable.

Because the unemployment rate has risen, it's as simple as that. #美国非农数据超预期 #巨鲸动向