According to the published data, the revised real GDP for the United States in the first quarter is -0.3%, which is still below expectations, so the market may be trending towards a weak recession.

Tomorrow night at 8:30 PM, the revised annualized quarterly rate of the actual GDP for the first quarter in the United States will be announced, with the previous value at 2.4% and the expectation at 0.3%! Tomorrow night at 10 PM, the annual rate of the core PCE price index for March in the United States will be announced, with the previous value at 2.8% and the expectation at 2.6%! From these data, a decline in GDP indicates economic deterioration, and the U.S. economy is likely to decline due to tariffs. The core PCE price index fell in March, giving the impression that prices in real life have decreased. However, the American people can deeply feel that prices have risen, at least by 10-20%. These figures are not misleading, so a simple decline in PCE data will not lead to a rise in the market. Everyone is more concerned about a recession in the U.S. economy, leading to the conclusion that U.S. stocks may need to test the waters again!