There is an important data release tonight, which is the US CPI for April. If the data is favorable, the probability of interest rate cuts will increase; otherwise, it will decrease. The market currently predicts this will happen by July.
Last night, US stocks opened high and rose, but the market showed signs of a pullback, with the index experiencing a waterfall decline. Almost every time favorable news about Trump appears, both the index and the stocks experience significant pullbacks.
Brother Qi suggests that the current market situation should be observed first and not to enter the market. The index is still on a downward trend, and it is not advisable to chase short positions. Wait for a wave of pullback before shorting at a higher point.
