The highly anticipated Federal Reserve Chairman Jerome Powell will deliver an important speech at the Chicago Economic Club early today (April 17th at 1:30 AM).

Currently, all market participants are closely watching whether Powell will mention anything related to interest rate cuts in his speech. After all, concerns about an economic recession are rising in the market, and interest rate cuts are seen as one of the important measures to prevent an economic downturn. If Powell signals a possibility of interest rate cuts in his speech, it will undoubtedly provide significant support to the market and may help improve market sentiment, leading to potential price increases across various assets; conversely, if the speech does not reflect any expectations of interest rate cuts, the market is likely to interpret it as slightly negative news, which could trigger cautious sentiment among investors and result in increased market volatility.

Additionally, at 20:30 on the 17th, initial jobless claims data for the week ending April 12th will be released. This data is crucial for assessing the health of the U.S. job market and will have a certain impact on market trends.

Here, I remind everyone that if you are currently fully invested, it is advisable to take some profits and reduce positions at high levels to avoid the potential negative risks that Powell's speech may bring, and to prevent unnecessary losses caused by a sudden downturn in the market due to negative news.