In the past few days, the market has experienced a pullback, mainly due to two reasons: first, the hawkish comments from Federal Reserve officials; second, the market has rebounded significantly from the bottom and needs to take a breather. However, I believe this wave of rebound is not over yet.

Currently, the market is oscillating between a 50 and 75 basis point interest rate hike in September. Personally, I believe that the CPI in August should continue to decline, as there has been a significant drop in used car prices and rent in the U.S. this month, which can significantly reduce inflation.