Tonight's data is negative for both! Strong economic growth and high consumer spending have further increased inflationary pressure.

To put it bluntly, these two data have increased the Fed's confidence in not cutting interest rates. This is not good news for the market, because only interest rate cuts can bring liquidity to the market. If you don't cut interest rates, where will the liquidity in the market come from?

Now we have to look at the dot plot for January. If the dot plot can increase by one, two, or three times from the previous two interest rate cuts, it will undoubtedly be a shot in the arm for the market. Otherwise, it will be negative.

Be patient! It's not too late to enter the market when the market gives a signal!