Tonight, the small non farm payroll ADP released data -33000 people, far below the expected 95000 people and the previous value of 29000 people. This brings us back to the logic that bad data on employment is good data for interest rate cuts. After the data was released, the probability of a rate cut in July has increased. Based on Powell's speech yesterday, although the probability of a rate cut at the July meeting is still not high, it is no longer impossible