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In this tutorial, Victor Norman from Excel Moments shares a solution to conditionally format data labels with different colors for positive and negative values. He explains that while similar solutions are available online, he prefers recording videos for easy reference in the future. The positive data labels are displayed with a green background and white font, while negative labels have a red background with white font. Setting up this formatting can save time, especially when dealing with changing data. Using random numbers, Norman demonstrates how to trigger recalculation with F9.