Strategy at Xinan Asset Management: Market expectations for Fed rate cuts increase

According to Jinshi data, Seema Shah, chief global strategist at Xinan Asset Management, said that the latest report strengthened market expectations for the Federal Reserve's continuous interest rate cuts, but did not trigger new concerns about the economic recession. However, hidden concerns about economic health have begun to emerge. If the labor market conditions worsen further, the market balance will be broken, and then bad news will no longer be regarded as good news.