Next Wednesday will see the release of the first quarter GDP and core PCE price index. One data point can influence the market's view on recession expectations, while the other is a key determinant of inflation. If the first quarter GDP significantly falls short of expectations, it will inevitably raise concerns about a recession and will likely lead to a market downturn.

Additionally, the core PCE price index is a crucial data point for assessing inflation and cannot be overlooked, as it will directly impact the Federal Reserve's direction in the May interest rate meeting.

The expectation of interest rate cuts is the main focus of speculation, making the second half of the year quite promising, directly bringing liquidity through rate cuts and balance sheet reduction. Although it may not signal a reversal, the market is gradually emerging from the gloom, with short-term strategies focused on taking profits from rebounds.