Tonight, there is an important data release, 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, and the index also experienced a waterfall decline. Almost every time positive news about Trump appears, the index and the stocks show significant pullbacks. Brother Qi suggests that the current market situation is still mainly for observation, and not to enter the market. The index is still in a downward trend, and it is not advisable to chase short positions. Wait for a pullback wave before shorting at a higher point.