The latest non-farm payroll data surprisingly performed poorly, with the unemployment rate rising significantly. This news is undoubtedly a strong supporting factor for the upcoming interest rate cut policy. Once the data was released, the market generally expected that Fed Chairman Powell might signal a more accommodative monetary policy in his next speech.

Does this mean a bull market is coming? Investors who choose to go long today may have seized a potential upward trend. Regardless of the market's movements, there may be a test of resistance around the 3800 point level in the short term.

However, we need to be cautious about the impact of single data. The cooling of the labor market indeed creates conditions for interest rate cuts, but other aspects of the economy, such as inflationary pressures and geopolitical risks, are also not to be ignored. Investors should conduct a comprehensive analysis of various economic indicators, rather than just relying on employment data.

Moreover, market sentiment often overreacts, which may lead to significant fluctuations in the short term. Therefore, when making investment decisions, it is advisable for investors to remain calm, consider multiple factors comprehensively, and develop a reasonable risk management strategy.