The recently announced U.S. April PPI year-on-year was 2.7% (previous value), expected 2.5%, and the announced value was 2.4%. The U.S. April PPI previous value was 0%, expected 0.2%, and the announced value was -0.5%. All announced values were below both the previous values and expectations, confirming the recent market rumors that the U.S. economy might face deflation before resolving inflation, creating a dramatic scenario of ice and fire.
U.S. April retail data only grew by 0.1%, possibly due to pessimism about the economic outlook brought on by tariffs, leading to a slowdown in consumption.
Powell has just subtly acknowledged that last year’s rate cuts were delayed, and if he continues to hesitate without cutting rates, he might have to admit that this year’s rate cuts will also be delayed. If there is still no action by July, it can be basically confirmed that he has made up his mind to wait for the bubble to burst and play the role of a white knight to rescue the market. However, if rates are cut before July, it still indicates he is primarily focused on the overall situation and is ready to play the role of a brother to Bian Que.
So, whether facing future black swans or the second round of tariffs in 90 days, whether it’s post-event rescue or preemptive measures, should smart money pull up and unload in advance to prepare for uncertainties? In this way, the current market logic seems quite clear.
Intra-day short-term focus on short-term support 101098~100788 (quick in and out), short-term resistance 104766~105413,
Note: Fluctuations above 99600 will not change the short-term structure, and the first arrival can be used to seize the rebound; a slight breach is also acceptable. However, if the entity breaks deeply below this range, it will inevitably lead to a change in structure, and even a reversal of the local trend.
Tonight, there will be a quiet ambush in a small circle.
go! go! go!
