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Today the market had a big pullback, which scared me into a bear market. It turns out the PPI data was released. PPI reflects changes in production costs for U.S. companies, meaning if costs for raw materials, energy, labor, and so on rise, PPI usually increases. These rising costs may eventually be passed on to retail prices, affecting people's lives.
Currently, the year-on-year data is 3.3%, higher than expected. This is negative for the market, and those who bought the dip have made a profit of #美国7月PPI年率高于预期 .