Robert Pavlik, Senior Portfolio Manager at Dakota Wealth, said that the market is trying to digest the employment data in the United States. The unemployment rate is basically in line with expectations, lower than previous reports. However, when they looked closely at the numbers, they found that the number of new jobs added has declined compared to expectations, and previous data has also been revised down. This actually indicates an economic slowdown. I don't think this is a sign of an economic collapse, but it is a sign of a slowdown. I believe this means that interest rates will be cut by 25 basis points in September, rather than a larger cut.