🌞🌞🌞Good morning, iron friends!!!
Tonight, there will be an important data release, which is the US CPI for April. If the data is favorable, the probability of interest rate cuts will increase; conversely, it will decrease. The market currently predicts this will happen by July.
Last night, US stocks opened high and continued to rise, but the market showed signs of correction, and the index experienced a waterfall decline. Almost every time Trump delivers good news, the index and the fake stocks experience significant corrections.
Brother Dao suggests that the current market should be observed first and not to enter the market now. The index is still on a downward trend, and it's not advisable to chase shorts. After a wave of correction, then short at a higher point.
I will continue to pay attention to market news, and when there is an opportunity, I will enter the market to make arrangements. Those who want to keep up with Brother Dao can send 777!!!
