#美国就业数据# Recently, Fed's Bostic's speech reminded me of those days when we were "played people for suckers" by interest rate cuts. He mentioned that there might be a cut once this year, but we need to be cautious about such expectations. I remember the last time the market was deluded by the fantasy of rate cuts, many people rushed to get on board, only to end up being cut to shreds. The current employment data seems to be slowing down, but inflation risks still exist. As someone who has been through it, I advise everyone to stay calm and not be misled by superficial phenomena. Instead of speculating about rate cuts, it is better to follow the lifecycle of the projects themselves and manage risks well. After all, in this market, excessive optimism is often the biggest trap.