The big one is coming, something significant is going to happen tonight at 8:30!
The US April CPI data is about to be released, and this thing directly determines whether the Federal Reserve will cut interest rates. The market is currently betting on a rate cut in July, but it's hard to say for sure. If the King understands that they need to lower tariffs, and Powell is still watching the economic data, just one variable can disrupt expectations.
Recently, the market trend has purely been about funds betting on policies; the technical indicators are just noise. If you ask me, don’t rush to place bets now; wait for the data to be released before taking action. If the data is good and favors a rate cut, just follow the bulls and that’s it.
But if the inflation data surprises negatively, then be careful of a market sell-off. Remember, at such critical moments, it’s better to miss out than to make a mistake. Wait until the direction is clear before acting!