Today's Analysis:
1. Yesterday it was said that the favorable news turned into bad news, and it directly crashed on the same day. However, it won't go down directly from here; it is more likely to be a period of high-level fluctuations for distribution.
2. As mentioned yesterday, the significance of the China-U.S. talks for the secondary market is that the core part of the tariffs has passed, which also represents Trump's weakened control over the market. It is unlikely for a situation where a single statement can cause a surge or crash to occur again.
3. The future pricing tool is a game between recession and interest rate cuts, returning to the main theme: when will the interest rate cuts happen in June or July? Have the expectations for rate cuts already been digested?
4. From the current trend, there won't be a significant pullback directly, as the U.S. stock market hasn't fully risen yet. Those who shorted yesterday can take partial profits at this stage.